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Nuveen New York AMT-Free Quality Municipal Income Fund
NRK

62 hedge funds and large institutions have $56M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 10

7% more funds holding

Funds holding: 58 → 62 (+4)

1% more capital invested

Capital invested by funds: $55.5M → $56M (+$549K)

0.45% more ownership

Funds ownership: 4.81% → 5.25% (+0.45%)

20% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 15

Holders
62
Holders Change
+4
Holders Change %
+6.9%
% of All Funds
2.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
12
Reduced
15
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FTCM
Fir Tree Capital Management
New York
+$2.54M
2
KIM
Karpus Investment Management
New York
+$2.24M
3
Goldman Sachs
Goldman Sachs
New York
+$1.77M
4
TC
TFS Capital
Pennsylvania
+$1.7M
5
U
UBS
Switzerland
+$672K

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$1.48M
2
SA
Strategic Advisors
New York
-$820K
3
Bank of America
Bank of America
North Carolina
-$552K
4
GC
Guggenheim Capital
Illinois
-$546K
5
First Trust Advisors
First Trust Advisors
Illinois
-$356K
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
26
Credit Suisse
Switzerland
$270K +$25.8K +2,093 +10%
WAM
27
Wolverine Asset Management
Illinois
$269K +$271K +21,981 New
PA
28
Pinnacle Associates
New York
$253K +$50.7K +4,119 +25%
KWMG
29
King Wealth Management Group
Florida
$244K – – –
Lazard Asset Management
30
Lazard Asset Management
New York
$244K – – –
OC
31
Oppenheimer & Co
New York
$231K – – –
RJA
32
Raymond James & Associates
Florida
$226K +$40.2K +3,268 +22%
MSL
33
Mackay Shields LLC
New York
$209K – – –
CAN
34
Cetera Advisor Networks
California
$206K – – –
TCT
35
TIAA CREF Trust
Missouri
$205K +$207K +16,777 New
WJA
36
Williams Jones & Associates
New York
$191K – – –
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$189K +$190K +15,466 New
Bank of New York Mellon
38
Bank of New York Mellon
New York
$177K -$13.7K -1,112 -7%
DAC
39
Dividend Assets Capital
South Carolina
$154K – – –
Janney Montgomery Scott
40
Janney Montgomery Scott
Pennsylvania
$149K +$150K +12,162 New
PP
41
Paloma Partners
Connecticut
$142K -$13.6K -1,105 -9%
DD
42
Dominick & Dominick
New York
$130K – – –
HCA
43
Harbour Capital Advisors
Virginia
$127K – – –
FAAS
44
First Allied Advisory Services
California
$126K -$27.3K -2,219 -18%
TFCP
45
Twin Focus Capital Partners
Massachusetts
$125K – – –
MFS
46
MSI Financial Services
Massachusetts
$87K +$18.5K +1,500 +27%
Deutsche Bank
47
Deutsche Bank
Germany
$31K -$92.3K -7,495 -74%
HR
48
Howe & Rusling
New York
$25K -$265K -21,562 -91%
AIG
49
American International Group
New York
$23.9K – – –
Fifth Third Bancorp
50
Fifth Third Bancorp
Ohio
$22K – – –
1
2
3

NRK Hedge Fund Activity: Q3 2013 in Review

62 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q3 2013, worth a combined $56M — up 0.99% from $55.5M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NRK positions and 10 closed out — a net gain of 4 holders — while 12 added to existing stakes and 15 trimmed.

The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $2.54M. The largest seller was Invesco, cutting an estimated $1.48M.

  • 62 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q3 2013, up from 58 in Q2 2013.
  • Funds reported $56M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q3 2013, up 0.99% quarter-over-quarter.
  • 14 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q3 2013 and 10 closed out, a net change of +4 holders.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q3 2013 was Fir Tree Capital Management, an estimated $2.54M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q3 2013 was Invesco, an estimated $1.48M sold.

Based on aggregated 13F filings for Q3 2013.