Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
75 hedge funds and large institutions have $244M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 9 closing their positions.
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
1.38% more ownership
Funds ownership: 20.6% → 21.98% (+1.4%)
5% more capital invested
Capital invested by funds: $233M → $244M (+$10.7M)
0% more funds holding
Funds holding: 75 → 75 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
10% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$14.1M |
| 2 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$2.07M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$825K |
| 4 |
FM
Family Management
New York
|
+$720K |
| 5 |
SMH
Sanders Morris Harris
Houston,
Texas
|
+$651K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.11M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$766K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$752K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$450K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$359K |
NRK Hedge Fund Activity: Q2 2019 in Review
75 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q2 2019, worth a combined $244M — up 4.6% from $233M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NRK positions and 9 closed out — a net gain of 1 holder — while 18 added to existing stakes and 20 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $14.1M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2.11M sold.
- 75 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q2 2019, unchanged from Q1 2019.
- Funds reported $244M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q2 2019, up 4.6% quarter-over-quarter.
- 10 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q2 2019 and 9 closed out, a net change of +1 holder.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q2 2019 was Saba Capital Management, an estimated $14.1M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q2 2019 was Robinson Capital Management, an estimated $2.11M sold.
Based on aggregated 13F filings for Q2 2019.