NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
NID was delisted on the 24th of March, 2023.
34 hedge funds and large institutions have $50.1M invested in NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND in 2013 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 5 closing their positions.
200% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 5
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
61% more capital invested
Capital invested by funds: $31.1M → $50.1M (+$18.9M)
42% more funds holding
Funds holding: 24 → 34 (+10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$9.06M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$7.13M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.81M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.85M |
| 5 |
SI
Stephens Inc
Little Rock,
Arkansas
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$5.62M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$1.11M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$384K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$350K |
| 5 |
Jane Street
New York
|
-$132K |
NID Hedge Fund Activity: Q3 2013 in Review
34 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND (NID) for Q3 2013, worth a combined $50.1M — up 61% from $31.1M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NID positions and 5 closed out — a net gain of 10 holders — while 9 added to existing stakes and 5 trimmed.
The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $9.06M. The largest seller was Bank of America, cutting an estimated $5.62M.
- 34 institutional investors held NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND (NID) as of Q3 2013, up from 24 in Q2 2013.
- Funds reported $50.1M of NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND stock for Q3 2013, up 61% quarter-over-quarter.
- 15 funds opened new NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND positions in Q3 2013 and 5 closed out, a net change of +10 holders.
- The largest NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND buyer in Q3 2013 was Fir Tree Capital Management, an estimated $9.06M added.
- The largest NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND seller in Q3 2013 was Bank of America, an estimated $5.62M sold.
Based on aggregated 13F filings for Q3 2013.