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Nuveen New York AMT-Free Quality Municipal Income Fund
NRK

69 hedge funds and large institutions have $251M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 25 increasing their positions, 13 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 13

1% more ownership

Funds ownership: 21.98% → 22.98% (+1%)

3% more capital invested

Capital invested by funds: $244M → $251M (+$7.38M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

8% less funds holding

Funds holding: 75 → 69 (-6)

60% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 10

Holders
69
Holders Change
-6
Holders Change %
-8%
% of All Funds
1.51%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
4
Increased
25
Reduced
13
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$10.6M
2
KIM
Karpus Investment Management
New York
+$3.3M
3
SA
Strategic Advisors
New York
+$2.11M
4
SCM
Saba Capital Management
New York
+$777K
5
SWM
Stockman Wealth Management
Montana
+$587K

Top Sellers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
-$2.79M
2
CC
Claybrook Capital
Massachusetts
-$1.01M
3
EWM
Edge Wealth Management
New York
-$457K
4
SMH
Sanders Morris Harris
Texas
-$424K
5
ICA
Infrastructure Capital Advisors
New York
-$414K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
51
LPL Financial
California
$172K -$198K -14,795 -54%
Lazard Asset Management
52
Lazard Asset Management
New York
$158K – – –
ACP
53
Aviance Capital Partners
Florida
$155K – – –
LTFS
54
Ladenburg Thalmann Financial Services
Florida
$155K – – –
TFCP
55
Twin Focus Capital Partners
Massachusetts
$138K – – –
MC
56
Mathes Company
New York
$135K – – –
Northwestern Mutual Wealth Management
57
Northwestern Mutual Wealth Management
Wisconsin
$92K +$31.7K +2,371 +53%
NFG
58
Next Financial Group
Texas
$85K – – –
APA
59
American Portfolios Advisors
New York
$73.8K +$522 +39 +0.7%
BWL
60
Bogart Wealth LLC
Virginia
$57K – – –
Fidelity Investments
61
Fidelity Investments
Massachusetts
$54K +$53.5K +4,000 New
BFEC
62
Benjamin F. Edwards & Company
Missouri
$52K – – –
MRCM
63
M&R Capital Management
New Jersey
$49K – – –
TCOV
64
Trust Company of Vermont
Vermont
$45K +$44.9K +3,355 New
Bank of Montreal
65
Bank of Montreal
Ontario, Canada
$37K – – –
PCM
66
Princeton Capital Management
New Jersey
$37K – – –
WT
67
Whittier Trust
California
$24K – – –
RCM
68
Rivernorth Capital Management
Florida
$20.2K +$10.6M +793,689 +112%
BAM
69
Barrett Asset Management
New York
$17K – – –
Fifth Third Bancorp
70
Fifth Third Bancorp
Ohio
$12K – – –
ICA
71
Infrastructure Capital Advisors
New York
– -$414K -31,600 Closed
SLA
72
Silver Lake Advisory
Utah
– -$270K -20,611 Closed
FAAS
73
First Allied Advisory Services
California
– -$229K -17,478 Closed
EFS
74
Essex Financial Services
Connecticut
– -$152K -11,629 Closed
M&T Bank
75
M&T Bank
New York
– -$152K -11,592 Closed
1 2
3
4

NRK Hedge Fund Activity: Q3 2019 in Review

69 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q3 2019, worth a combined $251M — up 3% from $244M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NRK and 4 opened new positions — a net loss of 6 holders — while 13 trimmed existing stakes and 25 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $10.6M. The largest seller was Landscape Capital Management, cutting an estimated $2.79M.

  • 69 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q3 2019, down from 75 in Q2 2019.
  • Funds reported $251M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q3 2019, up 3% quarter-over-quarter.
  • 4 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q3 2019 and 10 closed out, a net change of -6 holders.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q3 2019 was Rivernorth Capital Management, an estimated $10.6M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q3 2019 was Landscape Capital Management, an estimated $2.79M sold.

Based on aggregated 13F filings for Q3 2019.