Nuveen Select Maturities Municipal Fund
NIM
28 hedge funds and large institutions have $10.6M invested in Nuveen Select Maturities Municipal Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 5 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
22% more capital invested
Capital invested by funds: $8.75M → $10.6M (+$1.9M)
0.08% more ownership
Funds ownership: 7.47% → 7.56% (+0.08%)
7% less funds holding
Funds holding: 30 → 28 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Narwhal Capital Management
Marietta,
Georgia
|
+$266K |
| 2 |
Morgan Stanley
New York
|
+$135K |
| 3 |
DDPIC
Deroy & Devereaux Private Investment Counsel
Bloomfield Hills,
Michigan
|
+$116K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$102K |
| 5 |
DC
Davenport & Co
Richmond,
Virginia
|
+$102K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
-$233K |
| 2 |
FWP
FAS Wealth Partners
Leawood,
Kansas
|
-$172K |
| 3 |
FFA
Fragasso Financial Advisors
Sewickley,
Pennsylvania
|
-$97K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$51.3K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$48K |
NIM Hedge Fund Activity: Q1 2014 in Review
28 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Nuveen Select Maturities Municipal Fund (NIM) for Q1 2014, worth a combined $10.6M — up 22% from $8.75M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NIM and 3 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was Narwhal Capital Management, opening a new position worth an estimated $266K. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $233K sold.
- 28 institutional investors held Nuveen Select Maturities Municipal Fund (NIM) as of Q1 2014, down from 30 in Q4 2013.
- Funds reported $10.6M of Nuveen Select Maturities Municipal Fund stock for Q1 2014, up 22% quarter-over-quarter.
- 3 funds opened new Nuveen Select Maturities Municipal Fund positions in Q1 2014 and 5 closed out, a net change of -2 holders.
- The largest Nuveen Select Maturities Municipal Fund buyer in Q1 2014 was Narwhal Capital Management, an estimated $266K added.
- The largest Nuveen Select Maturities Municipal Fund seller in Q1 2014 was Virtu KCG Holdings, an estimated $233K sold.
Based on aggregated 13F filings for Q1 2014.