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Nuveen New York AMT-Free Quality Municipal Income Fund

80 hedge funds and large institutions have $169M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2018 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

18% more capital invested

Capital invested by funds: $143M → $169M (+$26.1M)

2.34% more ownership

Funds ownership: 13.36%15.7% (+2.3%)

5% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 21

2% less funds holding

Funds holding: 8280 (-2)

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

Holders
80
Holders Change
-2
Holders Change %
-2.44%
% of All Funds
1.83%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
6
Increased
22
Reduced
21
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
HK
26
Horizon Kinetics
New York
$893K
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$881K +$75.9K +6,283 +10%
LPL Financial
28
LPL Financial
California
$743K -$15.6K -1,294 -2%
ICA
29
Infrastructure Capital Advisors
New York
$619K
KFA
30
Kelleher Financial Advisors
New York
$582K
SWM
31
Stockman Wealth Management
Montana
$536K
NL
32
NWAM LLC
Washington
$495K
Mariner
33
Mariner
Kansas
$485K
PA
34
Pinnacle Associates
New York
$466K -$16.9K -1,400 -4%
SLA
35
Silver Lake Advisory
Utah
$412K -$11.6K -962 -3%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$377K -$317K -26,215 -46%
SCA
37
STALEY CAPITAL ADVISERS
Pennsylvania
$367K
ICM
38
Ionic Capital Management
New York
$332K +$86.4K +7,153 +36%
RJFSA
39
Raymond James Financial Services Advisors
Florida
$329K -$7.54K -624 -2%
AA
40
AQR Arbitrage
Connecticut
$321K
MML Investors Services
41
MML Investors Services
Massachusetts
$286K -$6.07K -502 -2%
Janney Montgomery Scott
42
Janney Montgomery Scott
Pennsylvania
$274K -$124K -10,298 -31%
FAAS
43
First Allied Advisory Services
California
$261K
Ameriprise
44
Ameriprise
Minnesota
$255K +$58K +4,796 +30%
Millennium Management
45
Millennium Management
New York
$251K +$42.1K +3,482 +20%
CS
46
Credit Suisse
Switzerland
$244K
SWM
47
SeaCrest Wealth Management
New York
$239K
DA
48
Doliver Advisors
Texas
$234K -$17K -1,405 -7%
LNWWM
49
Laird Norton Wetherby Wealth Management
California
$212K +$8.48K +702 +4%
MC
50
Mathes Company
New York
$208K +$80.8K +6,690 +65%

NRK Hedge Fund Activity: Q2 2018 in Review

80 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q2 2018, worth a combined $169M — up 18% from $143M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of NRK and 6 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 22 added.

The largest buyer was Karpus Investment Management, adding an estimated $19.9M. The largest seller was Tortoise Investment Management, cutting an estimated $2.36M.

  • 80 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q2 2018, down from 82 in Q1 2018.
  • Funds reported $169M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q2 2018, up 18% quarter-over-quarter.
  • 6 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q2 2018 and 8 closed out, a net change of -2 holders.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q2 2018 was Karpus Investment Management, an estimated $19.9M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q2 2018 was Tortoise Investment Management, an estimated $2.36M sold.

Based on aggregated 13F filings for Q2 2018.