NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
NID was delisted on the 24th of March, 2023.
41 hedge funds and large institutions have $80.2M invested in NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 7 closing their positions.
4% less capital invested
Capital invested by funds: $83.9M → $80.2M (-$3.65M)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
1.06% less ownership
Funds ownership: 13.9% → 12.83% (-1.1%)
2% less funds holding
Funds holding: 42 → 41 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.98M |
| 2 |
HK
Horizon Kinetics
New York
|
+$1.33M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.18M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$878K |
| 5 |
EWA
EP Wealth Advisors
Torrance,
California
|
+$588K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$11.2M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.06M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.01M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$887K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$796K |
NID Hedge Fund Activity: Q1 2016 in Review
41 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND (NID) for Q1 2016, worth a combined $80.2M — down 4.4% from $83.9M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NID and 6 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 14 added.
The largest buyer was Morgan Stanley, adding an estimated $3.98M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $11.2M sold.
- 41 institutional investors held NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND (NID) as of Q1 2016, down from 42 in Q4 2015.
- Funds reported $80.2M of NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND stock for Q1 2016, down 4.4% quarter-over-quarter.
- 6 funds opened new NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND positions in Q1 2016 and 7 closed out, a net change of -1 holder.
- The largest NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND buyer in Q1 2016 was Morgan Stanley, an estimated $3.98M added.
- The largest NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND seller in Q1 2016 was Rivernorth Capital Management, an estimated $11.2M sold.
Based on aggregated 13F filings for Q1 2016.