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Nuveen New York AMT-Free Quality Municipal Income Fund
NRK

75 hedge funds and large institutions have $233M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

19% more capital invested

Capital invested by funds: $196M → $233M (+$36.4M)

16% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 19

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

1.42% more ownership

Funds ownership: 19.18% → 20.6% (+1.4%)

1% less funds holding

Funds holding: 76 → 75 (-1)

Holders
75
Holders Change
-1
Holders Change %
-1.32%
% of All Funds
1.62%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
8
Increased
22
Reduced
19
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CC
Claybrook Capital
Massachusetts
+$12.5M
2
SIA
Sit Investment Associates
Minnesota
+$2.81M
3
KIM
Karpus Investment Management
New York
+$2.51M
4
COLIM
City of London Investment Management
United Kingdom
+$1.32M
5
NCM
Next Capital Management
New York
+$744K

Top Sellers

Rank Fund Capital Flow
1
PCM
PenderFund Capital Management
British Columbia, Canada
-$1.6M
2
MIG
Mariner Investment Group
New York
-$1.03M
3
LCM
Landscape Capital Management
New Jersey
-$957K
4
AA
AQR Arbitrage
Connecticut
-$954K
5
WAM
Weiss Asset Management
Massachusetts
-$597K
Name Holding Trade Value Shares
Change 		Change in
Stake
MAFM
51
Mid Atlantic Financial Management
Pennsylvania
$179K – – –
KWMG
52
King Wealth Management Group
Florida
$169K – – –
AC
53
Almitas Capital
California
$166K -$513K -41,739 -76%
Lazard Asset Management
54
Lazard Asset Management
New York
$150K – – –
EFS
55
Essex Financial Services
Connecticut
$148K – – –
M&T Bank
56
M&T Bank
New York
$147K – – –
ACP
57
Aviance Capital Partners
Florida
$146K +$12 +1 +0%
LTFS
58
Ladenburg Thalmann Financial Services
Florida
$146K +$51.6K +4,200 +58%
CBA
59
Coastal Bridge Advisors
Connecticut
$135K – – –
SDAM
60
Shulman DeMeo Asset Management
New York
$135K +$131K +10,624 New
TFCP
61
Twin Focus Capital Partners
Massachusetts
$130K – – –
MC
62
Mathes Company
New York
$127K -$61.4K -5,000 -33%
NFG
63
Next Financial Group
Texas
$96K +$565 +46 +0.6%
NFH
64
NEXT Financial Holdings
Texas
$96K +$92.7K +7,543 New
SWM
65
SeaCrest Wealth Management
New York
$83K – – –
IDBONY
66
Israel Discount Bank of New York
New York
$71K -$16K -1,300 -19%
APA
67
American Portfolios Advisors
New York
$69K +$295 +24 +0.4%
KPW
68
Kore Private Wealth
New York
$64K – – –
Northwestern Mutual Wealth Management
69
Northwestern Mutual Wealth Management
Wisconsin
$57K – – –
BWL
70
Bogart Wealth LLC
Virginia
$53K – – –
MRCM
71
M&R Capital Management
New Jersey
$46K – – –
LPC
72
Loeb Partners Corp
New York
$41K – – –
Bank of Montreal
73
Bank of Montreal
Ontario, Canada
$35K – – –
PCM
74
Princeton Capital Management
New Jersey
$35K – – –
WT
75
Whittier Trust
California
$23K – – –
1 2
3
4

NRK Hedge Fund Activity: Q1 2019 in Review

75 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q1 2019, worth a combined $233M — up 19% from $196M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new NRK positions and 7 closed out — a net gain of 1 holder — while 22 added to existing stakes and 19 trimmed.

The largest buyer was Claybrook Capital, opening a new position worth an estimated $12.5M. The largest seller was PenderFund Capital Management, exiting entirely with an estimated $1.6M sold.

  • 75 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q1 2019, down from 76 in Q4 2018.
  • Funds reported $233M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q1 2019, up 19% quarter-over-quarter.
  • 8 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q1 2019 and 7 closed out, a net change of +1 holder.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q1 2019 was Claybrook Capital, an estimated $12.5M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q1 2019 was PenderFund Capital Management, an estimated $1.6M sold.

Based on aggregated 13F filings for Q1 2019.