Nuveen Select Maturities Municipal Fund
NIM
26 hedge funds and large institutions have $10.7M invested in Nuveen Select Maturities Municipal Fund in 2014 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
0.3% less ownership
Funds ownership: 7.25% → 6.95% (-0.3%)
1% less capital invested
Capital invested by funds: $10.8M → $10.7M (-$119K)
4% less funds holding
Funds holding: 27 → 26 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$1.81M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$162K |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
+$104K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$26.4K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$20.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$241K |
| 2 |
FFA
Fragasso Financial Advisors
Sewickley,
Pennsylvania
|
-$105K |
| 3 |
LPL Financial
San Diego,
California
|
-$57.9K |
| 4 |
Morgan Stanley
New York
|
-$49.4K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$37K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $9K | +$9.25K | +876 | New |
|
27
Citigroup
New York
| $4K | +$4.07K | +385 | New |
|
28
Northern Trust
Chicago,
Illinois
| – | -$3K | -24,100 | Closed |
|
|
29
First Trust Advisors
Wheaton,
Illinois
| – | -$241K | -22,999 | Closed |
|
|
FFA
30
Fragasso Financial Advisors
Sewickley,
Pennsylvania
| – | -$105K | -10,085 | Closed |
|
31
US Bancorp
Minneapolis,
Minnesota
| – | -$25K | -2,400 | Closed |
|
|
WCM
32
Wealthcare Capital Management
Richmond,
Virginia
| – | -$3K | -330 | Closed |
|
NIM Hedge Fund Activity: Q4 2014 in Review
26 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Nuveen Select Maturities Municipal Fund (NIM) for Q4 2014, worth a combined $10.7M — down 1.1% from $10.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NIM positions and 5 closed out — a net gain of 1 holder — while 6 added to existing stakes and 6 trimmed.
The largest buyer was Stifel Financial, opening a new position worth an estimated $1.81M. The largest seller was First Trust Advisors, exiting entirely with an estimated $241K sold.
- 26 institutional investors held Nuveen Select Maturities Municipal Fund (NIM) as of Q4 2014, down from 27 in Q3 2014.
- Funds reported $10.7M of Nuveen Select Maturities Municipal Fund stock for Q4 2014, down 1.1% quarter-over-quarter.
- 6 funds opened new Nuveen Select Maturities Municipal Fund positions in Q4 2014 and 5 closed out, a net change of +1 holder.
- The largest Nuveen Select Maturities Municipal Fund buyer in Q4 2014 was Stifel Financial, an estimated $1.81M added.
- The largest Nuveen Select Maturities Municipal Fund seller in Q4 2014 was First Trust Advisors, an estimated $241K sold.
Based on aggregated 13F filings for Q4 2014.