Nuveen Taxable Municipal Income Fund
NBB
63 hedge funds and large institutions have $140M invested in Nuveen Taxable Municipal Income Fund in 2019 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 24 increasing their positions, 14 reducing their positions, and 6 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 14
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
5% more capital invested
Capital invested by funds: $133M → $140M (+$6.72M)
3% more funds holding
Funds holding: 61 → 63 (+2)
0.56% more ownership
Funds ownership: 19% → 19.57% (+0.56%)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.22M |
| 2 |
MWP
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
|
+$2.14M |
| 3 |
VF
Virtu Financial
New York
|
+$1.95M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.55M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$8.13M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.2M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$927K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$710K |
| 5 |
PFPT
Pinnacle Financial Partners (Tennessee)
Nashville,
Tennessee
|
-$206K |
NBB Hedge Fund Activity: Q2 2019 in Review
63 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q2 2019, worth a combined $140M — up 5% from $133M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NBB positions and 6 closed out — a net gain of 3 holders — while 24 added to existing stakes and 14 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.22M. The largest seller was Tortoise Investment Management, cutting an estimated $8.13M.
- 63 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q2 2019, up from 61 in Q1 2019.
- Funds reported $140M of Nuveen Taxable Municipal Income Fund stock for Q2 2019, up 5% quarter-over-quarter.
- 9 funds opened new Nuveen Taxable Municipal Income Fund positions in Q2 2019 and 6 closed out, a net change of +3 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q2 2019 was Morgan Stanley, an estimated $5.22M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q2 2019 was Tortoise Investment Management, an estimated $8.13M sold.
Based on aggregated 13F filings for Q2 2019.