Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
84 hedge funds and large institutions have $273M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 5 closing their positions.
300% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 5
22% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 18
22% more funds holding
Funds holding: 69 → 84 (+15)
9% more capital invested
Capital invested by funds: $251M → $273M (+$22.5M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.02% less ownership
Funds ownership: 22.98% → 22.96% (-0.02%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$8.53M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$2.39M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$655K |
| 4 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$347K |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$282K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.77M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.77M |
| 3 |
SCM
Saba Capital Management
New York
|
-$2.51M |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$2.14M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.55M |
NRK Hedge Fund Activity: Q4 2019 in Review
84 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q4 2019, worth a combined $273M — up 9% from $251M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new NRK positions and 5 closed out — a net gain of 15 holders — while 22 added to existing stakes and 18 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $8.53M. The largest seller was Karpus Investment Management, cutting an estimated $3.77M.
- 84 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q4 2019, up from 69 in Q3 2019.
- Funds reported $273M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q4 2019, up 9% quarter-over-quarter.
- 20 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q4 2019 and 5 closed out, a net change of +15 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q4 2019 was Sit Investment Associates, an estimated $8.53M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q4 2019 was Karpus Investment Management, an estimated $3.77M sold.
Based on aggregated 13F filings for Q4 2019.