Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
84 hedge funds and large institutions have $291M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 22 reducing their positions, and 6 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 22
6% more capital invested
Capital invested by funds: $275M → $291M (+$16.1M)
0.67% more ownership
Funds ownership: 25.11% → 25.77% (+0.67%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less funds holding
Funds holding: 86 → 84 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$18.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.4M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$2.23M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.02M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$965K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$9.4M |
| 2 |
EWM
Edge Wealth Management
New York
|
-$7.98M |
| 3 |
FM
Family Management
New York
|
-$681K |
| 4 |
Goldman Sachs
New York
|
-$622K |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$614K |
NRK Hedge Fund Activity: Q2 2020 in Review
84 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q2 2020, worth a combined $291M — up 5.9% from $275M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NRK and 4 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 26 added.
The largest buyer was Karpus Investment Management, adding an estimated $18.3M. The largest seller was Saba Capital Management, cutting an estimated $9.4M.
- 84 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q2 2020, down from 86 in Q1 2020.
- Funds reported $291M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q2 2020, up 5.9% quarter-over-quarter.
- 4 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q2 2020 and 6 closed out, a net change of -2 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q2 2020 was Karpus Investment Management, an estimated $18.3M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q2 2020 was Saba Capital Management, an estimated $9.4M sold.
Based on aggregated 13F filings for Q2 2020.