Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
62 hedge funds and large institutions have $56M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 10 closing their positions.
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
7% more funds holding
Funds holding: 58 → 62 (+4)
1% more capital invested
Capital invested by funds: $55.5M → $56M (+$549K)
0.45% more ownership
Funds ownership: 4.81% → 5.25% (+0.45%)
20% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$2.54M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.24M |
| 3 |
Goldman Sachs
New York
|
+$1.77M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.7M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$672K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.48M |
| 2 |
SA
Strategic Advisors
New York
|
-$820K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$552K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$546K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$356K |
NRK Hedge Fund Activity: Q3 2013 in Review
62 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q3 2013, worth a combined $56M — up 0.99% from $55.5M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NRK positions and 10 closed out — a net gain of 4 holders — while 12 added to existing stakes and 15 trimmed.
The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $2.54M. The largest seller was Invesco, cutting an estimated $1.48M.
- 62 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q3 2013, up from 58 in Q2 2013.
- Funds reported $56M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q3 2013, up 0.99% quarter-over-quarter.
- 14 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q3 2013 and 10 closed out, a net change of +4 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q3 2013 was Fir Tree Capital Management, an estimated $2.54M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q3 2013 was Invesco, an estimated $1.48M sold.
Based on aggregated 13F filings for Q3 2013.