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Nuveen New York AMT-Free Quality Municipal Income Fund

76 hedge funds and large institutions have $182M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

35% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 17

8% more capital invested

Capital invested by funds: $169M → $182M (+$13.2M)

1.72% more ownership

Funds ownership: 15.7%17.42% (+1.7%)

5% less funds holding

Funds holding: 8076 (-4)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
76
Holders Change
-4
Holders Change %
-5%
% of All Funds
1.74%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
7
Increased
23
Reduced
17
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
HK
26
Horizon Kinetics
New York
$869K
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$758K -$101K -8,324 -12%
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
$755K -$283K -23,377 -27%
LPL Financial
29
LPL Financial
California
$664K -$59.9K -4,945 -8%
NMC
30
Nine Masts Capital
Hong Kong
$616K +$628K +51,800 New
ICA
31
Infrastructure Capital Advisors
New York
$602K
SWM
32
Stockman Wealth Management
Montana
$522K
KFA
33
Kelleher Financial Advisors
New York
$517K -$51K -4,208 -9%
MML Investors Services
34
MML Investors Services
Massachusetts
$509K +$236K +19,435 +83%
NL
35
NWAM LLC
Washington
$482K
CS
36
Credit Suisse
Switzerland
$475K +$242K +19,973 +100%
Mariner
37
Mariner
Kansas
$472K
PA
38
Pinnacle Associates
New York
$453K
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$412K +$420K +34,619 New
SLA
40
Silver Lake Advisory
Utah
$391K +$18.2K +1,501 +5%
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$370K +$3.59K +296 +1%
AA
42
AQR Arbitrage
Connecticut
$322K +$9.7K +800 +3%
Janney Montgomery Scott
43
Janney Montgomery Scott
Pennsylvania
$292K +$25.4K +2,096 +9%
WAM
44
Wolverine Asset Management
Illinois
$277K +$282K +23,279 New
Ameriprise
45
Ameriprise
Minnesota
$275K +$27.5K +2,266 +11%
FAAS
46
First Allied Advisory Services
California
$253K
CAN
47
Cetera Advisor Networks
California
$252K +$108K +8,921 +73%
RJFSA
48
Raymond James Financial Services Advisors
Florida
$244K -$77K -6,350 -24%
SWM
49
SeaCrest Wealth Management
New York
$233K
LNWWM
50
Laird Norton Wetherby Wealth Management
California
$206K

NRK Hedge Fund Activity: Q3 2018 in Review

76 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q3 2018, worth a combined $182M — up 7.8% from $169M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of NRK and 7 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 23 added.

The largest buyer was Karpus Investment Management, adding an estimated $11.4M. The largest seller was Tortoise Investment Management, cutting an estimated $501K.

  • 76 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q3 2018, down from 80 in Q2 2018.
  • Funds reported $182M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q3 2018, up 7.8% quarter-over-quarter.
  • 7 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q3 2018 and 11 closed out, a net change of -4 holders.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q3 2018 was Karpus Investment Management, an estimated $11.4M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q3 2018 was Tortoise Investment Management, an estimated $501K sold.

Based on aggregated 13F filings for Q3 2018.