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Nuveen New York AMT-Free Quality Municipal Income Fund
NRK

95 hedge funds and large institutions have $265M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 25 increasing their positions, 22 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 22

8% more capital invested

Capital invested by funds: $245M → $265M (+$20.4M)

1.52% more ownership

Funds ownership: 27.32% → 28.84% (+1.5%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

6% less funds holding

Funds holding: 101 → 95 (-6)

31% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 16

Holders
95
Holders Change
-6
Holders Change %
-5.94%
% of All Funds
1.51%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
25
Reduced
22
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$9.69M
2
PCM
Penserra Capital Management
California
+$5.63M
3
RCM
Rivernorth Capital Management
Florida
+$2.51M
4
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$1.33M
5
HWAM
Hennion & Walsh Asset Management
New Jersey
+$968K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$1.45M
2
AC
Almitas Capital
California
-$1.3M
3
UBS Group
UBS Group
Switzerland
-$977K
4
WAM
Weiss Asset Management
Massachusetts
-$958K
5
MIG
Mariner Investment Group
New York
-$647K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
26
Sit Investment Associates
Minnesota
$1.08M – – –
Osaic Holdings
27
Osaic Holdings
Arizona
$981K -$32K -3,037 -3%
NCM
28
Next Capital Management
New York
$948K – – –
NCM
29
Narwhal Capital Management
Georgia
$760K -$3.64K -345 -0.5%
WCMNY
30
Westchester Capital Management (New York)
New York
$738K – – –
Stifel Financial
31
Stifel Financial
Missouri
$722K -$19.3K -1,833 -3%
HKAM
32
Horizon Kinetics Asset Management
New York
$707K – – –
BA
33
Bridgewater Advisors
New York
$660K – – –
SCM
34
Saba Capital Management
New York
$606K – – –
RIA
35
Realta Investment Advisors
Delaware
$582K +$105 +10 +0%
Ameriprise
36
Ameriprise
Minnesota
$576K +$21.8K +2,068 +4%
Cohen & Steers
37
Cohen & Steers
New York
$511K – – –
AWP
38
Ascent Wealth Partners
New York
$510K – – –
HA
39
Herold Advisors
New York
$435K -$8.04K -763 -2%
SWM
40
Stockman Wealth Management
Montana
$432K – – –
MML Investors Services
41
MML Investors Services
Massachusetts
$422K -$64.3K -6,101 -13%
DJYG
42
David J. Yvars Group
Florida
$392K – – –
RWB
43
RMR Wealth Builders
New Jersey
$388K +$386K +36,595 New
SPIA
44
Steward Partners Investment Advisory
New York
$376K +$5.27K +500 +1%
Janney Montgomery Scott
45
Janney Montgomery Scott
Pennsylvania
$375K +$770 +73 +0.2%
FM
46
Family Management
New York
$348K -$566K -53,711 -62%
Mariner
47
Mariner
Kansas
$327K -$91.8K -8,704 -22%
CAM
48
Cresset Asset Management
Illinois
$326K +$2.1K +199 +0.7%
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
$323K +$50.3K +4,769 +18%
ACP
50
Aviance Capital Partners
Florida
$323K +$32 +3 +0%
1
2
3 4 5

NRK Hedge Fund Activity: Q1 2023 in Review

95 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q1 2023, worth a combined $265M — up 8.4% from $245M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of NRK and 11 opened new positions — a net loss of 5 holders — while 22 trimmed existing stakes and 25 added.

The largest buyer was Karpus Investment Management, adding an estimated $9.69M. The largest seller was Mackay Shields LLC, cutting an estimated $1.45M.

  • 95 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q1 2023, down from 101 in Q4 2022.
  • Funds reported $265M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q1 2023, up 8.4% quarter-over-quarter.
  • 11 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q1 2023 and 16 closed out, a net change of -5 holders.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $9.69M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q1 2023 was Mackay Shields LLC, an estimated $1.45M sold.

Based on aggregated 13F filings for Q1 2023.