Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
109 hedge funds and large institutions have $265M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2022 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 30 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
3% more funds holding
Funds holding: 106 → 109 (+3)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.74% less ownership
Funds ownership: 28.23% → 27.48% (-0.74%)
7% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 30
11% less capital invested
Capital invested by funds: $299M → $265M (-$34.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$20.5M |
| 2 |
Morgan Stanley
New York
|
+$1.21M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.17M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$1.05M |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$694K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$21.5M |
| 2 |
SCM
Saba Capital Management
New York
|
-$8.4M |
| 3 |
Bank of New York Mellon
New York
|
-$1.1M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$701K |
| 5 |
NCM
Next Capital Management
New York
|
-$619K |
NRK Hedge Fund Activity: Q2 2022 in Review
109 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q2 2022, worth a combined $265M — down 11% from $299M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NRK positions and 9 closed out — a net gain of 4 holders — while 28 added to existing stakes and 30 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $20.5M. The largest seller was Karpus Investment Management, cutting an estimated $21.5M.
- 109 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q2 2022, up from 106 in Q1 2022.
- Funds reported $265M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q2 2022, down 11% quarter-over-quarter.
- 13 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q2 2022 and 9 closed out, a net change of +4 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q2 2022 was Rivernorth Capital Management, an estimated $20.5M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q2 2022 was Karpus Investment Management, an estimated $21.5M sold.
Based on aggregated 13F filings for Q2 2022.