Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
82 hedge funds and large institutions have $143M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2018 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 29 increasing their positions, 17 reducing their positions, and 8 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 17
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
7% more capital invested
Capital invested by funds: $133M → $143M (+$9.82M)
3% more funds holding
Funds holding: 80 → 82 (+2)
1.69% more ownership
Funds ownership: 11.67% → 13.36% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.56M |
| 2 |
EWM
Edge Wealth Management
New York
|
+$2.11M |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.97M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.69M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
STA
Summit Trail Advisors
New York
|
-$393K |
| 2 |
Squarepoint
New York
|
-$352K |
| 3 |
NGA
Naples Global Advisors
Naples,
Florida
|
-$332K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$324K |
| 5 |
Millennium Management
New York
|
-$288K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WT
76
Whittier Trust
South Pasadena,
California
| $22K | – | – | – |
|
|
APA
77
American Portfolios Advisors
Holbrook,
New York
| $19.2K | -$24.9K | -2,000 | -56% |
|
|
TF
78
Tompkins Financial
Ithaca,
New York
| $16K | – | – | – |
|
|
ASN
79
Advisory Services Network
Atlanta,
Georgia
| $15K | – | – | – |
|
|
BAM
80
Barrett Asset Management
New York
| $15K | – | – | – |
|
81
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $15K | – | – | – |
|
82
First Manhattan
New York
| $12K | -$35K | -2,811 | -73% |
|
83
Fifth Third Bancorp
Cincinnati,
Ohio
| $11K | – | – | – |
|
|
STA
84
Summit Trail Advisors
New York
| – | -$393K | -30,913 | Closed |
|
|
85
Squarepoint
New York
| – | -$352K | -27,187 | Closed |
|
86
Bank of New York Mellon
New York
| – | -$204K | -15,721 | Closed |
|
|
IH
87
IFC Holdings
Tampa,
Florida
| – | -$199K | -15,559 | Closed |
|
|
CAN
88
Cetera Advisor Networks
El Segundo,
California
| – | -$178K | -13,745 | Closed |
|
|
VF
89
Virtu Financial
New York
| – | -$153K | -11,799 | Closed |
|
|
WA
90
Winfield Associates
Cleveland,
Ohio
| – | -$19K | -1,400 | Closed |
|
NRK Hedge Fund Activity: Q1 2018 in Review
82 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q1 2018, worth a combined $143M — up 7.4% from $133M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NRK positions and 8 closed out — a net gain of 2 holders — while 29 added to existing stakes and 17 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $8.56M. The largest seller was Summit Trail Advisors, exiting entirely with an estimated $393K sold.
- 82 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q1 2018, up from 80 in Q4 2017.
- Funds reported $143M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q1 2018, up 7.4% quarter-over-quarter.
- 10 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q1 2018 and 8 closed out, a net change of +2 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q1 2018 was Karpus Investment Management, an estimated $8.56M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q1 2018 was Summit Trail Advisors, an estimated $393K sold.
Based on aggregated 13F filings for Q1 2018.