Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
91 hedge funds and large institutions have $325M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2021 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 24 increasing their positions, 25 reducing their positions, and 11 closing their positions.
1% more funds holding
Funds holding: 90 → 91 (+1)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
4% more capital invested
Capital invested by funds: $314M → $325M (+$11.2M)
0.7% more ownership
Funds ownership: 26.49% → 27.2% (+0.7%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$28.8M |
| 2 |
FFG
Frisch Financial Group
Melville,
New York
|
+$4.86M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.64M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.55M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$14M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$7.04M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$5.42M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$2.85M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.37M |
NRK Hedge Fund Activity: Q1 2021 in Review
91 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q1 2021, worth a combined $325M — up 3.6% from $314M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NRK positions and 11 closed out — a net gain of 1 holder — while 24 added to existing stakes and 25 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $28.8M. The largest seller was Saba Capital Management, cutting an estimated $14M.
- 91 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q1 2021, up from 90 in Q4 2020.
- Funds reported $325M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q1 2021, up 3.6% quarter-over-quarter.
- 12 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q1 2021 and 11 closed out, a net change of +1 holder.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q1 2021 was Karpus Investment Management, an estimated $28.8M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q1 2021 was Saba Capital Management, an estimated $14M sold.
Based on aggregated 13F filings for Q1 2021.