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Nuveen New York AMT-Free Quality Municipal Income Fund
NRK

85 hedge funds and large institutions have $294M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 18

1% more funds holding

Funds holding: 84 → 85 (+1)

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

1% more capital invested

Capital invested by funds: $291M → $294M (+$3.23M)

0.33% more ownership

Funds ownership: 25.77% → 26.1% (+0.33%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
85
Holders Change
+1
Holders Change %
+1.19%
% of All Funds
1.71%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
12
Increased
23
Reduced
18
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$4.63M
2
KIM
Karpus Investment Management
New York
+$3.69M
3
RWB
RMR Wealth Builders
New Jersey
+$922K
4
AAS
Avantax Advisory Services
Texas
+$756K
5
Bank of America
Bank of America
North Carolina
+$519K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$3.14M
2
AA
AQR Arbitrage
Connecticut
-$946K
3
RCM
Rivernorth Capital Management
Florida
-$837K
4
Morgan Stanley
Morgan Stanley
New York
-$735K
5
CRC
Curi RMB Capital
Illinois
-$707K
Name Holding Trade Value Shares
Change 		Change in
Stake
MC
51
Mathes Company
New York
$257K – – –
Rockefeller Capital Management
52
Rockefeller Capital Management
New York
$253K +$32.9K +2,518 +15%
NL
53
NWAM LLC
Washington
$235K – – –
CAN
54
Cetera Advisor Networks
California
$227K -$46K -3,515 -17%
LPL Financial
55
LPL Financial
California
$226K +$824 +63 +0.4%
RJFSA
56
Raymond James Financial Services Advisors
Florida
$216K +$11.4K +871 +5%
IWC
57
Integrated Wealth Concepts
Massachusetts
$212K – – –
Susquehanna International Group
58
Susquehanna International Group
Pennsylvania
$203K +$207K +15,796 New
6CM
59
683 Capital Management
New York
$185K – – –
Lazard Asset Management
60
Lazard Asset Management
New York
$151K – – –
EFS
61
Essex Financial Services
Connecticut
$150K +$152K +11,629 New
Northwestern Mutual Wealth Management
62
Northwestern Mutual Wealth Management
Wisconsin
$140K +$47.1K +3,598 +50%
V
63
Veritable
Delaware
$135K – – –
TFCP
64
Twin Focus Capital Partners
Massachusetts
$132K – – –
SMH
65
Sanders Morris Harris
Texas
$132K +$133K +10,170 New
WAM
66
Wolverine Asset Management
Illinois
$131K +$133K +10,194 New
Bank of Montreal
67
Bank of Montreal
Ontario, Canada
$123K – – –
LWA
68
Lenox Wealth Advisors
New York
$117K – – –
CHAM
69
Clear Harbor Asset Management
Connecticut
$107K +$109K +8,350 New
NFG
70
Next Financial Group
Texas
$81K +$82.2K +6,286 New
APA
71
American Portfolios Advisors
New York
$69.1K -$16.5K -1,263 -19%
SW
72
SVB Wealth
Massachusetts
$54K +$34.1K +2,610 +168%
GWM
73
Geneos Wealth Management
Colorado
$51K – – –
Bessemer Group
74
Bessemer Group
New Jersey
$51K +$52.3K +4,000 New
BFEC
75
Benjamin F. Edwards & Company
Missouri
$50K – – –
1 2
3
4

NRK Hedge Fund Activity: Q3 2020 in Review

85 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q3 2020, worth a combined $294M — up 1.1% from $291M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new NRK positions and 11 closed out — a net gain of 1 holder — while 23 added to existing stakes and 18 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $4.63M. The largest seller was Sit Investment Associates, cutting an estimated $3.14M.

  • 85 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q3 2020, up from 84 in Q2 2020.
  • Funds reported $294M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q3 2020, up 1.1% quarter-over-quarter.
  • 12 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q3 2020 and 11 closed out, a net change of +1 holder.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q3 2020 was Saba Capital Management, an estimated $4.63M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q3 2020 was Sit Investment Associates, an estimated $3.14M sold.

Based on aggregated 13F filings for Q3 2020.