Nuveen Taxable Municipal Income Fund
NBB
77 hedge funds and large institutions have $147M invested in Nuveen Taxable Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 26 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
3.71% more ownership
Funds ownership: 30.66% → 34.37% (+3.7%)
1% more funds holding
Funds holding: 76 → 77 (+1)
4% more capital invested
Capital invested by funds: $141M → $147M (+$5.35M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
27% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$10.5M |
| 2 |
M&T Bank
Buffalo,
New York
|
+$5.99M |
| 3 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$4.23M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.01M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$964K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$2.95M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.32M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$742K |
| 4 |
Morgan Stanley
New York
|
-$709K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$325K |
NBB Hedge Fund Activity: Q3 2023 in Review
77 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q3 2023, worth a combined $147M — up 3.8% from $141M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NBB positions and 6 closed out — a net gain of 1 holder — while 19 added to existing stakes and 26 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $10.5M. The largest seller was Bramshill Investments, cutting an estimated $2.95M.
- 77 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q3 2023, up from 76 in Q2 2023.
- Funds reported $147M of Nuveen Taxable Municipal Income Fund stock for Q3 2023, up 3.8% quarter-over-quarter.
- 7 funds opened new Nuveen Taxable Municipal Income Fund positions in Q3 2023 and 6 closed out, a net change of +1 holder.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q3 2023 was Sit Investment Associates, an estimated $10.5M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q3 2023 was Bramshill Investments, an estimated $2.95M sold.
Based on aggregated 13F filings for Q3 2023.