Nuveen Taxable Municipal Income Fund
NBB
78 hedge funds and large institutions have $132M invested in Nuveen Taxable Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 28 reducing their positions, and 9 closing their positions.
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
3% more capital invested
Capital invested by funds: $127M → $132M (+$4.23M)
0.18% more ownership
Funds ownership: 27.68% → 27.86% (+0.18%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 79 → 78 (-1)
25% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.94M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.52M |
| 3 |
EBWM
Eagle Bluffs Wealth Management
Columbia,
Missouri
|
+$1.11M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$722K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$569K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$3.23M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.63M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$751K |
| 4 |
USCWA
U.S. Capital Wealth Advisors
Austin,
Texas
|
-$580K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$483K |
NBB Hedge Fund Activity: Q1 2023 in Review
78 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q1 2023, worth a combined $132M — up 3.3% from $127M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NBB positions and 9 closed out — a net gain of 2 holders — while 21 added to existing stakes and 28 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $5.94M. The largest seller was LPL Financial, cutting an estimated $3.23M.
- 78 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q1 2023, down from 79 in Q4 2022.
- Funds reported $132M of Nuveen Taxable Municipal Income Fund stock for Q1 2023, up 3.3% quarter-over-quarter.
- 11 funds opened new Nuveen Taxable Municipal Income Fund positions in Q1 2023 and 9 closed out, a net change of +2 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q1 2023 was Sit Investment Associates, an estimated $5.94M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q1 2023 was LPL Financial, an estimated $3.23M sold.
Based on aggregated 13F filings for Q1 2023.