Nuveen Select Maturities Municipal Fund
NIM
30 hedge funds and large institutions have $8.75M invested in Nuveen Select Maturities Municipal Fund in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
3% more funds holding
Funds holding: 29 → 30 (+1)
0.15% more ownership
Funds ownership: 7.33% → 7.47% (+0.15%)
4% less capital invested
Capital invested by funds: $9.13M → $8.75M (-$382K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
+$208K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$197K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$125K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$51.7K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$48.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$210K |
| 2 |
Luther King Capital Management (LKCM)
Fort Worth,
Texas
|
-$195K |
| 3 |
CTC
Central Trust Company
Jefferson City,
Missouri
|
-$183K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$119K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$73.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
M&T Bank
Buffalo,
New York
| $25K | – | – | – |
|
|
MFS
27
MSI Financial Services
Springfield,
Massachusetts
| $17K | +$16.9K | +1,750 | New |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $14K | – | – | – |
|
|
PSI
29
Pinnacle Summer Investments
Fairfax,
Virginia
| $11K | – | – | – |
|
30
Northern Trust
Chicago,
Illinois
| $2K | – | – | – |
|
|
31
Luther King Capital Management (LKCM)
Fort Worth,
Texas
| – | -$195K | -20,000 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | -$4K | -360 | Closed |
|
|
ACM
33
Argentus Capital Management
Dallas,
Texas
| – | +$1.44K | +149 | +0.5% |
|
NIM Hedge Fund Activity: Q4 2013 in Review
30 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen Select Maturities Municipal Fund (NIM) for Q4 2013, worth a combined $8.75M — down 4.2% from $9.13M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new NIM positions and 4 closed out — a net gain of 1 holder — while 10 added to existing stakes and 8 trimmed.
The largest buyer was Horizon Kinetics, opening a new position worth an estimated $208K. The largest seller was First Allied Advisory Services, cutting an estimated $210K.
- 30 institutional investors held Nuveen Select Maturities Municipal Fund (NIM) as of Q4 2013, up from 29 in Q3 2013.
- Funds reported $8.75M of Nuveen Select Maturities Municipal Fund stock for Q4 2013, down 4.2% quarter-over-quarter.
- 5 funds opened new Nuveen Select Maturities Municipal Fund positions in Q4 2013 and 4 closed out, a net change of +1 holder.
- The largest Nuveen Select Maturities Municipal Fund buyer in Q4 2013 was Horizon Kinetics, an estimated $208K added.
- The largest Nuveen Select Maturities Municipal Fund seller in Q4 2013 was First Allied Advisory Services, an estimated $210K sold.
Based on aggregated 13F filings for Q4 2013.