Nuveen Select Maturities Municipal Fund
NIM
44 hedge funds and large institutions have $40.6M invested in Nuveen Select Maturities Municipal Fund in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
59% more capital invested
Capital invested by funds: $25.5M → $40.6M (+$15.1M)
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
10% more funds holding
Funds holding: 40 → 44 (+4)
2.45% more ownership
Funds ownership: 12.74% → 15.19% (+2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$1.44M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$502K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$309K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$256K |
| 5 |
Morgan Stanley
New York
|
+$238K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$263K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$82.4K |
| 3 |
AIM
Anchor Investment Management
Columbia,
South Carolina
|
-$67.9K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$64K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$29.9K |
NIM Hedge Fund Activity: Q3 2018 in Review
44 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Nuveen Select Maturities Municipal Fund (NIM) for Q3 2018, worth a combined $40.6M — up 59% from $25.5M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NIM positions and 2 closed out — a net gain of 4 holders — while 13 added to existing stakes and 10 trimmed.
The largest buyer was Cornerstone Wealth Management, adding an estimated $1.44M. The largest seller was Janney Montgomery Scott, cutting an estimated $263K.
- 44 institutional investors held Nuveen Select Maturities Municipal Fund (NIM) as of Q3 2018, up from 40 in Q2 2018.
- Funds reported $40.6M of Nuveen Select Maturities Municipal Fund stock for Q3 2018, up 59% quarter-over-quarter.
- 6 funds opened new Nuveen Select Maturities Municipal Fund positions in Q3 2018 and 2 closed out, a net change of +4 holders.
- The largest Nuveen Select Maturities Municipal Fund buyer in Q3 2018 was Cornerstone Wealth Management, an estimated $1.44M added.
- The largest Nuveen Select Maturities Municipal Fund seller in Q3 2018 was Janney Montgomery Scott, an estimated $263K sold.
Based on aggregated 13F filings for Q3 2018.