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Nuveen New York AMT-Free Quality Municipal Income Fund
NRK

76 hedge funds and large institutions have $182M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

35% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 17

8% more capital invested

Capital invested by funds: $169M → $182M (+$13.2M)

1.72% more ownership

Funds ownership: 15.7% → 17.42% (+1.7%)

5% less funds holding

Funds holding: 80 → 76 (-4)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
76
Holders Change
-4
Holders Change %
-5%
% of All Funds
1.74%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
7
Increased
23
Reduced
17
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$11.4M
2
DWM
Dakota Wealth Management
Florida
+$2.24M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$1.84M
4
COLIM
City of London Investment Management
United Kingdom
+$1.73M
5
EWM
Edge Wealth Management
New York
+$1.34M

Top Sellers

Rank Fund Capital Flow
1
TIM
Tortoise Investment Management
New York
-$501K
2
UBS Group
UBS Group
Switzerland
-$446K
3
Citigroup
Citigroup
New York
-$381K
4
SCA
STALEY CAPITAL ADVISERS
Pennsylvania
-$367K
5
ICM
Ionic Capital Management
New York
-$332K
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
51
Mathes Company
New York
$202K – – –
Stifel Financial
52
Stifel Financial
Missouri
$173K – – –
KWMG
53
King Wealth Management Group
Florida
$158K – – –
Creative Planning
54
Creative Planning
Kansas
$141K -$436 -36 -0.3%
Lazard Asset Management
55
Lazard Asset Management
New York
$140K – – –
EFS
56
Essex Financial Services
Connecticut
$138K – – –
ISL
57
Ingalls & Snyder LLC
New York
$137K – – –
ACP
58
Aviance Capital Partners
Florida
$137K +$139K +11,500 New
CBA
59
Coastal Bridge Advisors
Connecticut
$127K +$129K +10,650 New
TFCP
60
Twin Focus Capital Partners
Massachusetts
$122K – – –
IDBONY
61
Israel Discount Bank of New York
New York
$105K – – –
NFG
62
Next Financial Group
Texas
$88K +$89.7K +7,402 New
LTFS
63
Ladenburg Thalmann Financial Services
Florida
$87K +$12.2K +1,010 +16%
First Manhattan
64
First Manhattan
New York
$57K +$46.1K +3,800 +368%
Northwestern Mutual Wealth Management
65
Northwestern Mutual Wealth Management
Wisconsin
$53K -$436 -36 -0.8%
BWL
66
Bogart Wealth LLC
Virginia
$50K – – –
BAM
67
Bruderman Asset Management
New York
$48K – – –
MRCM
68
M&R Capital Management
New Jersey
$43K – – –
Bank of Montreal
69
Bank of Montreal
Ontario, Canada
$33K – – –
PCM
70
Princeton Capital Management
New Jersey
$33K – – –
PS
71
Portfolio Strategies
New York
$25K – – –
WT
72
Whittier Trust
California
$21K – – –
APA
73
American Portfolios Advisors
New York
$18.8K – – –
BAM
74
Barrett Asset Management
New York
$15K – – –
Fifth Third Bancorp
75
Fifth Third Bancorp
Ohio
$11K – – –
1 2
3
4

NRK Hedge Fund Activity: Q3 2018 in Review

76 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q3 2018, worth a combined $182M — up 7.8% from $169M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of NRK and 7 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 23 added.

The largest buyer was Karpus Investment Management, adding an estimated $11.4M. The largest seller was Tortoise Investment Management, cutting an estimated $501K.

  • 76 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q3 2018, down from 80 in Q2 2018.
  • Funds reported $182M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q3 2018, up 7.8% quarter-over-quarter.
  • 7 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q3 2018 and 11 closed out, a net change of -4 holders.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q3 2018 was Karpus Investment Management, an estimated $11.4M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q3 2018 was Tortoise Investment Management, an estimated $501K sold.

Based on aggregated 13F filings for Q3 2018.