Nuveen North Carolina Quality Municipal Income Fund
NNC
NNC was delisted on the 15th of November, 2019.
37 hedge funds and large institutions have $28.6M invested in Nuveen North Carolina Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
22% more capital invested
Capital invested by funds: $23.5M → $28.6M (+$5.1M)
9% more funds holding
Funds holding: 34 → 37 (+3)
2.85% more ownership
Funds ownership: 11.91% → 14.76% (+2.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
15% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.31M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.54M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$432K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$401K |
| 5 |
HCM
Hilton Capital Management
Garden City,
New York
|
+$351K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.28M |
| 2 |
Morgan Stanley
New York
|
-$630K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$364K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$337K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$210K |
NNC Hedge Fund Activity: Q4 2018 in Review
37 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Nuveen North Carolina Quality Municipal Income Fund (NNC) for Q4 2018, worth a combined $28.6M — up 22% from $23.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NNC positions and 6 closed out — a net gain of 3 holders — while 11 added to existing stakes and 13 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $6.31M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $3.28M sold.
- 37 institutional investors held Nuveen North Carolina Quality Municipal Income Fund (NNC) as of Q4 2018, up from 34 in Q3 2018.
- Funds reported $28.6M of Nuveen North Carolina Quality Municipal Income Fund stock for Q4 2018, up 22% quarter-over-quarter.
- 9 funds opened new Nuveen North Carolina Quality Municipal Income Fund positions in Q4 2018 and 6 closed out, a net change of +3 holders.
- The largest Nuveen North Carolina Quality Municipal Income Fund buyer in Q4 2018 was Saba Capital Management, an estimated $6.31M added.
- The largest Nuveen North Carolina Quality Municipal Income Fund seller in Q4 2018 was Fiera Capital (Canada), an estimated $3.28M sold.
Based on aggregated 13F filings for Q4 2018.