Nuveen Select Maturities Municipal Fund
NIM
33 hedge funds and large institutions have $12M invested in Nuveen Select Maturities Municipal Fund in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
13% more capital invested
Capital invested by funds: $10.6M → $12M (+$1.37M)
6% more funds holding
Funds holding: 31 → 33 (+2)
0.78% more ownership
Funds ownership: 8.32% → 9.1% (+0.78%)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$162K |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$128K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$117K |
| 4 |
LPL Financial
San Diego,
California
|
+$73.8K |
| 5 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$71.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
-$255K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$57.5K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$51.8K |
| 4 |
Morgan Stanley
New York
|
-$40.7K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$33.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
26
Next Financial Group
Houston,
Texas
| $72K | +$10.4K | +1,000 | +17% |
|
|
WAM
27
Wolverine Asset Management
Chicago,
Illinois
| $57K | -$300 | -29 | -0.5% |
|
|
IA
28
IFP Advisors
Tampa,
Florida
| $50K | +$51.8K | +5,000 | New |
|
29
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $32K | +$32.1K | +3,100 | New |
|
|
AIG
30
American International Group
New York
| $28K | -$16.3K | -1,578 | -37% |
|
31
Bank of Montreal
Toronto,
Ontario, Canada
| $27K | – | – | – |
|
|
SBL
32
Sargent Bickham Lagudis
Boulder,
Colorado
| $9K | +$8.63K | +833 | New |
|
|
VKH
33
Virtu KCG Holdings
New York
| – | -$255K | -24,916 | Closed |
|
34
Envestnet Asset Management
Chicago,
Illinois
| – | -$13K | -1,300 | Closed |
|
35
Citigroup
New York
| – | -$12K | -1,193 | Closed |
|
|
TRCT
36
Tower Research Capital (TRC)
New York
| – | -$373 | -36 | -92% |
|
NIM Hedge Fund Activity: Q1 2016 in Review
33 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Nuveen Select Maturities Municipal Fund (NIM) for Q1 2016, worth a combined $12M — up 13% from $10.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NIM positions and 3 closed out — a net gain of 3 holders — while 8 added to existing stakes and 10 trimmed.
The largest buyer was Bank of America, adding an estimated $162K. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $255K sold.
- 33 institutional investors held Nuveen Select Maturities Municipal Fund (NIM) as of Q1 2016, up from 31 in Q4 2015.
- Funds reported $12M of Nuveen Select Maturities Municipal Fund stock for Q1 2016, up 13% quarter-over-quarter.
- 6 funds opened new Nuveen Select Maturities Municipal Fund positions in Q1 2016 and 3 closed out, a net change of +3 holders.
- The largest Nuveen Select Maturities Municipal Fund buyer in Q1 2016 was Bank of America, an estimated $162K added.
- The largest Nuveen Select Maturities Municipal Fund seller in Q1 2016 was Virtu KCG Holdings, an estimated $255K sold.
Based on aggregated 13F filings for Q1 2016.