Nuveen Taxable Municipal Income Fund
NBB
84 hedge funds and large institutions have $174M invested in Nuveen Taxable Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 22 reducing their positions, and 11 closing their positions.
125% more capital inflows, than outflows
Capital inflows: $24.4M | Capital outflows: $10.9M
64% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 11
9% more funds holding
Funds holding: 77 → 84 (+7)
3.11% more ownership
Funds ownership: 34.37% → 37.47% (+3.1%)
5% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 22
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$11.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.97M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$1.48M |
| 4 |
GA
GraniteShares Advisors
New York
|
+$1.38M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.39M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$577K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$502K |
| 5 |
M&T Bank
Buffalo,
New York
|
-$411K |
NBB Hedge Fund Activity: Q4 2023 in Review
84 of the 6,873 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q4 2023, worth a combined $174M — up 18% from $147M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NBB positions and 11 closed out — a net gain of 7 holders — while 23 added to existing stakes and 22 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $11.1M. The largest seller was Morgan Stanley, cutting an estimated $5.39M.
- 84 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q4 2023, up from 77 in Q3 2023.
- Funds reported $174M of Nuveen Taxable Municipal Income Fund stock for Q4 2023, up 18% quarter-over-quarter.
- 18 funds opened new Nuveen Taxable Municipal Income Fund positions in Q4 2023 and 11 closed out, a net change of +7 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q4 2023 was Sit Investment Associates, an estimated $11.1M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q4 2023 was Morgan Stanley, an estimated $5.39M sold.
Based on aggregated 13F filings for Q4 2023.