Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
106 hedge funds and large institutions have $299M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2022 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 26 increasing their positions, 33 reducing their positions, and 10 closing their positions.
60% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 10
5% more funds holding
Funds holding: 101 → 106 (+5)
0.6% more ownership
Funds ownership: 27.63% → 28.23% (+0.6%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
10% less capital invested
Capital invested by funds: $333M → $299M (-$33.6M)
21% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$11.9M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$3.44M |
| 3 |
Bank of New York Mellon
New York
|
+$1.28M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.23M |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$12.7M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$968K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$803K |
| 4 |
ARIS
Advanced Research Investment Solutions
Los Angeles,
California
|
-$800K |
| 5 |
Morgan Stanley
New York
|
-$531K |
NRK Hedge Fund Activity: Q1 2022 in Review
106 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q1 2022, worth a combined $299M — down 10% from $333M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new NRK positions and 10 closed out — a net gain of 6 holders — while 26 added to existing stakes and 33 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $11.9M. The largest seller was Karpus Investment Management, cutting an estimated $12.7M.
- 106 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q1 2022, up from 101 in Q4 2021.
- Funds reported $299M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q1 2022, down 10% quarter-over-quarter.
- 16 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q1 2022 and 10 closed out, a net change of +6 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q1 2022 was Rivernorth Capital Management, an estimated $11.9M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q1 2022 was Karpus Investment Management, an estimated $12.7M sold.
Based on aggregated 13F filings for Q1 2022.