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Nuveen New York AMT-Free Quality Municipal Income Fund
NRK

84 hedge funds and large institutions have $291M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 22 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 22

6% more capital invested

Capital invested by funds: $275M → $291M (+$16.1M)

0.67% more ownership

Funds ownership: 25.11% → 25.77% (+0.67%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less funds holding

Funds holding: 86 → 84 (-2)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
84
Holders Change
-2
Holders Change %
-2.33%
% of All Funds
1.72%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
4
Increased
26
Reduced
22
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$18.3M
2
RCM
Rivernorth Capital Management
Florida
+$4.4M
3
CRC
Curi RMB Capital
Illinois
+$2.23M
4
SIA
Sit Investment Associates
Minnesota
+$1.02M
5
Bank of America
Bank of America
North Carolina
+$965K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$9.4M
2
EWM
Edge Wealth Management
New York
-$7.98M
3
FM
Family Management
New York
-$681K
4
Goldman Sachs
Goldman Sachs
New York
-$622K
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$614K
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
51
Mathes Company
New York
$258K +$31.1K +2,500 +14%
CS
52
Credit Suisse
Switzerland
$257K – – –
LCM
53
Landscape Capital Management
New Jersey
$238K +$7.38K +593 +3%
NL
54
NWAM LLC
Washington
$235K – – –
LPL Financial
55
LPL Financial
California
$225K +$45.8K +3,677 +27%
Rockefeller Capital Management
56
Rockefeller Capital Management
New York
$221K +$76.7K +6,166 +56%
IWC
57
Integrated Wealth Concepts
Massachusetts
$212K – – –
Goldman Sachs
58
Goldman Sachs
New York
$207K -$622K -49,963 -76%
RJFSA
59
Raymond James Financial Services Advisors
Florida
$205K -$44.9K -3,608 -18%
Truist Financial
60
Truist Financial
North Carolina
$195K -$3.73K -300 -2%
6CM
61
683 Capital Management
New York
$185K – – –
MAFM
62
Mid Atlantic Financial Management
Pennsylvania
$178K – – –
Lazard Asset Management
63
Lazard Asset Management
New York
$151K – – –
V
64
Veritable
Delaware
$135K – – –
TFCP
65
Twin Focus Capital Partners
Massachusetts
$132K – – –
Bank of Montreal
66
Bank of Montreal
Ontario, Canada
$125K -$6.73K -541 -5%
LWA
67
Lenox Wealth Advisors
New York
$117K +$113K +9,100 New
BAM
68
Belpointe Asset Management
Nevada
$108K – – –
Northwestern Mutual Wealth Management
69
Northwestern Mutual Wealth Management
Wisconsin
$94K +$75 +6 +0.1%
PAG
70
Private Advisor Group
New Jersey
$91K +$88.3K +7,097 New
APA
71
American Portfolios Advisors
New York
$85.5K +$33.1K +2,659 +67%
KPW
72
Kore Private Wealth
New York
$64K – – –
EWM
73
Edge Wealth Management
New York
$56K -$7.98M -641,277 -99%
GWM
74
Geneos Wealth Management
Colorado
$51K – – –
BFEC
75
Benjamin F. Edwards & Company
Missouri
$50K – – –
1 2
3
4

NRK Hedge Fund Activity: Q2 2020 in Review

84 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q2 2020, worth a combined $291M — up 5.9% from $275M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of NRK and 4 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 26 added.

The largest buyer was Karpus Investment Management, adding an estimated $18.3M. The largest seller was Saba Capital Management, cutting an estimated $9.4M.

  • 84 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q2 2020, down from 86 in Q1 2020.
  • Funds reported $291M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q2 2020, up 5.9% quarter-over-quarter.
  • 4 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q2 2020 and 6 closed out, a net change of -2 holders.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q2 2020 was Karpus Investment Management, an estimated $18.3M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q2 2020 was Saba Capital Management, an estimated $9.4M sold.

Based on aggregated 13F filings for Q2 2020.