Nuveen Taxable Municipal Income Fund
NBB
62 hedge funds and large institutions have $140M invested in Nuveen Taxable Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 16 reducing their positions, and 7 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 16
0.33% less ownership
Funds ownership: 19.12% → 18.79% (-0.33%)
4% less capital invested
Capital invested by funds: $146M → $140M (-$5.4M)
3% less funds holding
Funds holding: 64 → 62 (-2)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$4.18M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
+$2.55M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$2.52M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
+$501K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$492K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$5.58M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.27M |
| 3 |
Morgan Stanley
New York
|
-$2.42M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$757K |
| 5 |
V
Veritable
Wilmington,
Delaware
|
-$401K |
NBB Hedge Fund Activity: Q4 2019 in Review
62 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q4 2019, worth a combined $140M — down 3.7% from $146M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NBB and 6 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 22 added.
The largest buyer was Guggenheim Capital, adding an estimated $4.18M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $5.58M sold.
- 62 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q4 2019, down from 64 in Q3 2019.
- Funds reported $140M of Nuveen Taxable Municipal Income Fund stock for Q4 2019, down 3.7% quarter-over-quarter.
- 6 funds opened new Nuveen Taxable Municipal Income Fund positions in Q4 2019 and 7 closed out, a net change of -1 holder.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q4 2019 was Guggenheim Capital, an estimated $4.18M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q4 2019 was Punch & Associates Investment Management, an estimated $5.58M sold.
Based on aggregated 13F filings for Q4 2019.