Nuveen Taxable Municipal Income Fund
NBB
61 hedge funds and large institutions have $150M invested in Nuveen Taxable Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 10 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 16
18% more capital invested
Capital invested by funds: $127M → $150M (+$23.3M)
1.44% more ownership
Funds ownership: 24.16% → 25.61% (+1.4%)
2% less funds holding
Funds holding: 62 → 61 (-1)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.96M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.01M |
| 3 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$1.7M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$925K |
| 5 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
+$461K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.6M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.46M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$940K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$923K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
-$743K |
NBB Hedge Fund Activity: Q2 2020 in Review
61 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q2 2020, worth a combined $150M — up 18% from $127M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NBB and 9 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 23 added.
The largest buyer was Sit Investment Associates, adding an estimated $7.96M. The largest seller was Bank of America, cutting an estimated $1.6M.
- 61 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q2 2020, down from 62 in Q1 2020.
- Funds reported $150M of Nuveen Taxable Municipal Income Fund stock for Q2 2020, up 18% quarter-over-quarter.
- 9 funds opened new Nuveen Taxable Municipal Income Fund positions in Q2 2020 and 10 closed out, a net change of -1 holder.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q2 2020 was Sit Investment Associates, an estimated $7.96M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q2 2020 was Bank of America, an estimated $1.6M sold.
Based on aggregated 13F filings for Q2 2020.