Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
69 hedge funds and large institutions have $90.3M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 26 increasing their positions, 12 reducing their positions, and 6 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 12
1% less ownership
Funds ownership: 8.54% → 7.54% (-1%)
1% less funds holding
Funds holding: 70 → 69 (-1)
9% less capital invested
Capital invested by funds: $98.8M → $90.3M (-$8.49M)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.15M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$2.74M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$1.32M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$652K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$368K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
6CM
683 Capital Management
New York
|
-$20.5M |
| 2 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$1.13M |
| 3 |
Cohen & Steers
New York
|
-$648K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$646K |
| 5 |
SG Americas Securities
New York
|
-$489K |
NRK Hedge Fund Activity: Q1 2016 in Review
69 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q1 2016, worth a combined $90.3M — down 8.6% from $98.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NRK and 5 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 26 added.
The largest buyer was Karpus Investment Management, adding an estimated $6.15M. The largest seller was 683 Capital Management, cutting an estimated $20.5M.
- 69 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q1 2016, down from 70 in Q4 2015.
- Funds reported $90.3M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q1 2016, down 8.6% quarter-over-quarter.
- 5 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q1 2016 and 6 closed out, a net change of -1 holder.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q1 2016 was Karpus Investment Management, an estimated $6.15M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q1 2016 was 683 Capital Management, an estimated $20.5M sold.
Based on aggregated 13F filings for Q1 2016.