NUVEEN MUNI ADVANTAGE FUND
NMA
NMA was delisted on the 8th of April, 2016.
71 hedge funds and large institutions have $76.3M invested in NUVEEN MUNI ADVANTAGE FUND in 2013 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 11 closing their positions.
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
31% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 16
16% more capital invested
Capital invested by funds: $65.7M → $76.3M (+$10.6M)
6% more funds holding
Funds holding: 67 → 71 (+4)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$14.2M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.81M |
| 3 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$2.44M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.25M |
| 5 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$11.3M |
| 2 |
CRAM
Claren Road Asset Management
New York
|
-$4.12M |
| 3 |
Morgan Stanley
New York
|
-$2.13M |
| 4 |
B
Baird
Milwaukee,
Wisconsin
|
-$1.79M |
| 5 |
TCM
Texan Capital Management
Houston,
Texas
|
-$1.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TCM
76
Texan Capital Management
Houston,
Texas
| – | -$1.26M | -100,960 | Closed |
|
|
TC
77
TFS Capital
West Chester,
Pennsylvania
| – | -$536K | -42,872 | Closed |
|
|
PMG
78
ProVise Management Group
Clearwater,
Florida
| – | -$282K | -22,524 | Closed |
|
|
KFS
79
KMS Financial Services
Seattle,
Washington
| – | -$151K | -12,100 | Closed |
|
|
PP
80
Paloma Partners
Greenwich,
Connecticut
| – | -$144K | -11,500 | Closed |
|
81
Ameriprise
Minneapolis,
Minnesota
| – | -$18K | -1,434 | Closed |
|
|
WF
82
WealthTrust Fairport
Cleveland,
Ohio
| – | -$6K | -500 | Closed |
|
83
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$5K | -400 | Closed |
|
NMA Hedge Fund Activity: Q4 2013 in Review
71 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in NUVEEN MUNI ADVANTAGE FUND (NMA) for Q4 2013, worth a combined $76.3M — up 16% from $65.7M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new NMA positions and 11 closed out — a net gain of 5 holders — while 21 added to existing stakes and 16 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $14.2M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $11.3M sold.
- 71 institutional investors held NUVEEN MUNI ADVANTAGE FUND (NMA) as of Q4 2013, up from 67 in Q3 2013.
- Funds reported $76.3M of NUVEEN MUNI ADVANTAGE FUND stock for Q4 2013, up 16% quarter-over-quarter.
- 16 funds opened new NUVEEN MUNI ADVANTAGE FUND positions in Q4 2013 and 11 closed out, a net change of +5 holders.
- The largest NUVEEN MUNI ADVANTAGE FUND buyer in Q4 2013 was Rivernorth Capital Management, an estimated $14.2M added.
- The largest NUVEEN MUNI ADVANTAGE FUND seller in Q4 2013 was Fir Tree Capital Management, an estimated $11.3M sold.
Based on aggregated 13F filings for Q4 2013.