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Nuveen New York AMT-Free Quality Municipal Income Fund
NRK

86 hedge funds and large institutions have $275M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 25 increasing their positions, 25 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 7

2% more funds holding

Funds holding: 84 → 86 (+2)

2.15% more ownership

Funds ownership: 22.96% → 25.11% (+2.1%)

1% more capital invested

Capital invested by funds: $273M → $275M (+$1.42M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 25

Holders
86
Holders Change
+2
Holders Change %
+2.38%
% of All Funds
1.89%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
11
Increased
25
Reduced
25
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$33M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$3.76M
3
JP Morgan Chase
JP Morgan Chase
New York
+$2.85M
4
AWS
AJ Wealth Strategies
New York
+$1.53M
5
DWM
Dakota Wealth Management
Florida
+$1.02M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$4.84M
2
RCM
Rivernorth Capital Management
Florida
-$4.44M
3
COLIM
City of London Investment Management
United Kingdom
-$4.3M
4
SA
Strategic Advisors
New York
-$2.19M
5
CC
Claybrook Capital
Massachusetts
-$2.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
51
Raymond James Financial Services Advisors
Florida
$245K +$19.1K +1,427 +8%
LCM
52
Landscape Capital Management
New Jersey
$224K +$31.7K +2,371 +15%
MC
53
Mathes Company
New York
$219K +$234K +17,500 New
WFA
54
Wellspring Financial Advisors
Ohio
$214K +$229K +17,100 New
FIA
55
FNY Investment Advisers
New York
$208K +$161K +12,050 +261%
IWC
56
Integrated Wealth Concepts
Massachusetts
$206K – – –
Truist Financial
57
Truist Financial
North Carolina
$193K +$4.02K +300 +2%
GWM
58
Greenwich Wealth Management
Connecticut
$180K +$18.9K +1,412 +11%
6CM
59
683 Capital Management
New York
$180K +$193K +14,400 New
MAFM
60
Mid Atlantic Financial Management
Pennsylvania
$173K – – –
OC
61
Oppenheimer & Co
New York
$172K -$104K -7,788 -36%
LPL Financial
62
LPL Financial
California
$172K +$402 +30 +0.2%
SMH
63
Sanders Morris Harris
Texas
$157K -$13.4K -1,000 -5%
Lazard Asset Management
64
Lazard Asset Management
New York
$147K – – –
EFS
65
Essex Financial Services
Connecticut
$145K – – –
ACP
66
Aviance Capital Partners
Florida
$144K – – –
Rockefeller Capital Management
67
Rockefeller Capital Management
New York
$137K +$147K +10,996 New
V
68
Veritable
Delaware
$131K +$141K +10,500 New
TFCP
69
Twin Focus Capital Partners
Massachusetts
$128K – – –
Bank of Montreal
70
Bank of Montreal
Ontario, Canada
$121K +$98.9K +7,386 +269%
BAM
71
Belpointe Asset Management
Nevada
$105K -$1.34K -100 -1%
Northwestern Mutual Wealth Management
72
Northwestern Mutual Wealth Management
Wisconsin
$91K -$65.1K -4,862 -40%
NFG
73
Next Financial Group
Texas
$79K – – –
KPW
74
Kore Private Wealth
New York
$63K – – –
APA
75
American Portfolios Advisors
New York
$49.7K -$20.7K -1,544 -28%
1 2
3
4

NRK Hedge Fund Activity: Q1 2020 in Review

86 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q1 2020, worth a combined $275M — up 0.52% from $273M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NRK positions and 7 closed out — a net gain of 4 holders — while 25 added to existing stakes and 25 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $33M. The largest seller was Saba Capital Management, cutting an estimated $4.84M.

  • 86 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q1 2020, up from 84 in Q4 2019.
  • Funds reported $275M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q1 2020, up 0.52% quarter-over-quarter.
  • 11 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q1 2020 and 7 closed out, a net change of +4 holders.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $33M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q1 2020 was Saba Capital Management, an estimated $4.84M sold.

Based on aggregated 13F filings for Q1 2020.