Nuveen Municipal Income
NMI
30 hedge funds and large institutions have $5.1M invested in Nuveen Municipal Income in 2019 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 4 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
1.65% less ownership
Funds ownership: 6.97% → 5.32% (-1.6%)
3% less funds holding
Funds holding: 31 → 30 (-1)
23% less capital invested
Capital invested by funds: $6.64M → $5.1M (-$1.53M)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$289K |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$147K |
| 3 |
LHC
Little House Capital
Braintree,
Massachusetts
|
+$122K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$89K |
| 5 |
Morgan Stanley
New York
|
+$34.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.54M |
| 2 |
LPL Financial
San Diego,
California
|
-$337K |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$139K |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$120K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$69.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of Montreal
Toronto,
Ontario, Canada
| $4K | – | – | – |
|
|
DSC
27
Duncker Streett & Co
St. Louis,
Missouri
| $4K | – | – | – |
|
|
THWM
28
Taylor Hoffman Wealth Management
Richmond,
Virginia
| $4K | – | – | – |
|
|
FIA
29
FNY Investment Advisers
New York
| $1K | +$221 | +20 | +14% |
|
|
LHC
30
Little House Capital
Braintree,
Massachusetts
| $126 | +$122K | +11,000 | New |
|
|
1CP
31
1607 Capital Partners
Richmond,
Virginia
| – | -$1.54M | -141,151 | Closed |
|
|
MIG
32
Mariner Investment Group
Harrison,
New York
| – | -$139K | -12,798 | Closed |
|
|
EVM
33
Eaton Vance Management
Boston,
Massachusetts
| – | -$120K | -11,000 | Closed |
|
|
HS
34
Horan Securities
Cincinnati,
United States
| – | -$54K | -4,970 | Closed |
|
NMI Hedge Fund Activity: Q2 2019 in Review
30 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Income (NMI) for Q2 2019, worth a combined $5.1M — down 23% from $6.64M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NMI and 3 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 7 added.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $289K. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $1.54M sold.
- 30 institutional investors held Nuveen Municipal Income (NMI) as of Q2 2019, down from 31 in Q1 2019.
- Funds reported $5.1M of Nuveen Municipal Income stock for Q2 2019, down 23% quarter-over-quarter.
- 3 funds opened new Nuveen Municipal Income positions in Q2 2019 and 4 closed out, a net change of -1 holder.
- The largest Nuveen Municipal Income buyer in Q2 2019 was Guggenheim Capital, an estimated $289K added.
- The largest Nuveen Municipal Income seller in Q2 2019 was 1607 Capital Partners, an estimated $1.54M sold.
Based on aggregated 13F filings for Q2 2019.