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Nuveen Municipal Income
NMI

18 hedge funds and large institutions have $3.02M invested in Nuveen Municipal Income in 2013 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more capital invested

Capital invested by funds: $2.77M → $3.02M (+$256K)

0.53% more ownership

Funds ownership: 3.12% → 3.65% (+0.53%)

22% less funds holding

Funds holding: 23 → 18 (-5)

83% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 6

Holders
18
Holders Change
-5
Holders Change %
-21.74%
% of All Funds
0.58%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
8
Reduced
–
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$259K
2
Bank of America
Bank of America
North Carolina
+$215K
3
WAM
Wolverine Asset Management
Illinois
+$196K
4
LPL Financial
LPL Financial
California
+$94.2K
5
DA
Doliver Advisors
Texas
+$79.1K

Top Sellers

Rank Fund Capital Flow
1
CC
Courier Capital
New York
-$346K
2
UCFA
United Capital Financial Advisors
Texas
-$120K
3
VCM
Vigilant Capital Management
Maine
-$46K
4
BFEC
Benjamin F. Edwards & Company
Missouri
-$10K
5
Deutsche Bank
Deutsche Bank
Germany
-$10K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$574K +$55.3K +5,491 +11%
LPL Financial
2
LPL Financial
California
$419K +$94.2K +9,353 +28%
Bank of America
3
Bank of America
North Carolina
$355K +$215K +21,303 +152%
Goldman Sachs
4
Goldman Sachs
New York
$258K +$259K +25,699 New
WAM
5
Wolverine Asset Management
Illinois
$217K +$196K +19,469 +885%
DA
6
Doliver Advisors
Texas
$205K +$79.1K +7,851 +62%
FAAS
7
First Allied Advisory Services
California
$201K – – –
Morgan Stanley
8
Morgan Stanley
New York
$193K +$8.9K +884 +5%
Citigroup
9
Citigroup
New York
$166K +$967 +96 +0.6%
SSWM
10
Sheets Smith Wealth Management
North Carolina
$136K – – –
LNB
11
Ledyard National Bank
$108K – – –
U
12
UBS
Switzerland
$58K – – –
Barclays
13
Barclays
United Kingdom
$55K +$46.4K +4,605 +544%
M&T Bank
14
M&T Bank
New York
$23K – – –
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$20K – – –
US Bancorp
16
US Bancorp
Minnesota
$20K – – –
DSC
17
Duncker Streett & Co
Missouri
$10K – – –
LTFS
18
Ladenburg Thalmann Financial Services
Florida
$5K – – –
CC
19
Courier Capital
New York
– -$346K -32,115 Closed
UCFA
20
United Capital Financial Advisors
Texas
– -$120K -11,167 Closed
VCM
21
Vigilant Capital Management
Maine
– -$46K -4,300 Closed
Deutsche Bank
22
Deutsche Bank
Germany
– -$10K -1,000 Closed
BFEC
23
Benjamin F. Edwards & Company
Missouri
– -$10K -900 Closed
FANJ
24
Financial Architects (New Jersey)
New Jersey
– -$7K -663 Closed

NMI Hedge Fund Activity: Q3 2013 in Review

18 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Income (NMI) for Q3 2013, worth a combined $3.02M — up 9.3% from $2.77M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of NMI and 1 opened new positions — a net loss of 5 holders — while 0 trimmed existing stakes and 8 added.

The largest buyer was Goldman Sachs, opening a new position worth an estimated $259K. The largest seller was Courier Capital, exiting entirely with an estimated $346K sold.

  • 18 institutional investors held Nuveen Municipal Income (NMI) as of Q3 2013, down from 23 in Q2 2013.
  • Funds reported $3.02M of Nuveen Municipal Income stock for Q3 2013, up 9.3% quarter-over-quarter.
  • 1 fund opened new Nuveen Municipal Income positions in Q3 2013 and 6 closed out, a net change of -5 holders.
  • The largest Nuveen Municipal Income buyer in Q3 2013 was Goldman Sachs, an estimated $259K added.
  • The largest Nuveen Municipal Income seller in Q3 2013 was Courier Capital, an estimated $346K sold.

Based on aggregated 13F filings for Q3 2013.