Nuveen Taxable Municipal Income Fund
NBB
76 hedge funds and large institutions have $141M invested in Nuveen Taxable Municipal Income Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 25 reducing their positions, and 8 closing their positions.
253% more capital inflows, than outflows
Capital inflows: $18.5M | Capital outflows: $5.25M
2.8% more ownership
Funds ownership: 27.86% → 30.66% (+2.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 78 → 76 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
16% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.69M |
| 2 |
Morgan Stanley
New York
|
+$5.51M |
| 3 |
M&T Bank
Buffalo,
New York
|
+$3.6M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$733K |
| 5 |
CF
Clarity Financial
Houston,
Texas
|
+$449K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.31M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$414K |
| 4 |
GCP
Gill Capital Partners
Denver,
Colorado
|
-$267K |
| 5 |
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$260K |
NBB Hedge Fund Activity: Q2 2023 in Review
76 of the 6,387 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q2 2023, worth a combined $141M — up 7.1% from $132M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NBB and 7 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 21 added.
The largest buyer was Sit Investment Associates, adding an estimated $6.69M. The largest seller was UBS Group, cutting an estimated $1.4M.
- 76 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q2 2023, down from 78 in Q1 2023.
- Funds reported $141M of Nuveen Taxable Municipal Income Fund stock for Q2 2023, up 7.1% quarter-over-quarter.
- 7 funds opened new Nuveen Taxable Municipal Income Fund positions in Q2 2023 and 8 closed out, a net change of -1 holder.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q2 2023 was Sit Investment Associates, an estimated $6.69M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q2 2023 was UBS Group, an estimated $1.4M sold.
Based on aggregated 13F filings for Q2 2023.