Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
59 hedge funds and large institutions have $66.7M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 6 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
1% more capital invested
Capital invested by funds: $66M → $66.7M (+$704K)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.09% less ownership
Funds ownership: 5.85% → 5.76% (-0.09%)
2% less funds holding
Funds holding: 60 → 59 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.33M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$602K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$406K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$386K |
| 5 |
LPL Financial
San Diego,
California
|
+$188K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.01M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.38M |
| 3 |
SA
Strategic Advisors
New York
|
-$1.35M |
| 4 |
Jane Street
New York
|
-$336K |
| 5 |
6CM
683 Capital Management
New York
|
-$270K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
51
Winfield Associates
Cleveland,
Ohio
| $18K | – | – | – |
|
|
BAM
52
Barrett Asset Management
New York
| $16K | – | – | – |
|
|
EWM
53
Edge Wealth Management
New York
| $13K | – | – | – |
|
54
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $10K | – | – | – |
|
|
CFA
55
Carroll Financial Associates
Charlotte,
North Carolina
| $9K | – | – | – |
|
56
First Manhattan
New York
| $8K | – | – | – |
|
57
AllianceBernstein
Nashville,
Tennessee
| $7K | – | – | – |
|
|
LTFS
58
Ladenburg Thalmann Financial Services
Miami,
Florida
| $7K | – | – | – |
|
59
Northern Trust
Chicago,
Illinois
| $2K | – | – | – |
|
|
SA
60
Strategic Advisors
New York
| – | -$1.35M | -105,917 | Closed |
|
|
61
Jane Street
New York
| – | -$336K | -26,295 | Closed |
|
|
MSL
62
Mackay Shields LLC
New York
| – | -$218K | -17,036 | Closed |
|
|
IF
63
IRON Financial
Northbrook,
Illinois
| – | -$160K | -12,498 | Closed |
|
|
HCA
64
Harbour Capital Advisors
Tysons Corner,
Virginia
| – | -$132K | -10,341 | Closed |
|
|
TRCT
65
Tower Research Capital (TRC)
New York
| – | -$14K | -1,078 | Closed |
|
NRK Hedge Fund Activity: Q2 2014 in Review
59 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q2 2014, worth a combined $66.7M — up 1.1% from $66M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NRK and 5 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 15 added.
The largest buyer was Morgan Stanley, adding an estimated $2.33M. The largest seller was Guggenheim Capital, cutting an estimated $2.01M.
- 59 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q2 2014, down from 60 in Q1 2014.
- Funds reported $66.7M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q2 2014, up 1.1% quarter-over-quarter.
- 5 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q2 2014 and 6 closed out, a net change of -1 holder.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q2 2014 was Morgan Stanley, an estimated $2.33M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q2 2014 was Guggenheim Capital, an estimated $2.01M sold.
Based on aggregated 13F filings for Q2 2014.