Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
80 hedge funds and large institutions have $169M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2018 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 21 reducing their positions, and 8 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
18% more capital invested
Capital invested by funds: $143M → $169M (+$26.1M)
2.34% more ownership
Funds ownership: 13.36% → 15.7% (+2.3%)
5% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 21
2% less funds holding
Funds holding: 82 → 80 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$19.9M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.78M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.65M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$1.59M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$2.36M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$555K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$339K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$317K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$284K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $16K | – | – | – |
|
|
TF
77
Tompkins Financial
Ithaca,
New York
| $16K | – | – | – |
|
|
BAM
78
Barrett Asset Management
New York
| $15K | – | – | – |
|
79
First Manhattan
New York
| $12K | – | – | – |
|
80
Fifth Third Bancorp
Cincinnati,
Ohio
| $11K | – | – | – |
|
|
SPIA
81
Steward Partners Investment Advisory
New York
| $8K | +$8.34K | +690 | New |
|
|
CWM
82
Circle Wealth Management
Summit,
New Jersey
| – | -$240K | -19,699 | Closed |
|
|
WAM
83
Weiss Asset Management
Boston,
Massachusetts
| – | -$234K | -19,274 | Closed |
|
|
DAC
84
Dividend Assets Capital
Ridgeland,
South Carolina
| – | -$153K | -12,542 | Closed |
|
|
MC
85
Matisse Capital
Portland,
Oregon
| – | -$147K | -12,100 | Closed |
|
86
Citadel Advisors
Miami,
Florida
| – | -$142K | -11,650 | Closed |
|
|
CA
87
Calton & Associates
Tampa,
Florida
| – | -$122K | -10,048 | Closed |
|
88
SEI Investments
Oaks,
Pennsylvania
| – | -$27K | -2,243 | Closed |
|
|
ASN
89
Advisory Services Network
Atlanta,
Georgia
| – | -$15K | -1,200 | Closed |
|
NRK Hedge Fund Activity: Q2 2018 in Review
80 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q2 2018, worth a combined $169M — up 18% from $143M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NRK and 6 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 22 added.
The largest buyer was Karpus Investment Management, adding an estimated $19.9M. The largest seller was Tortoise Investment Management, cutting an estimated $2.36M.
- 80 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q2 2018, down from 82 in Q1 2018.
- Funds reported $169M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q2 2018, up 18% quarter-over-quarter.
- 6 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q2 2018 and 8 closed out, a net change of -2 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q2 2018 was Karpus Investment Management, an estimated $19.9M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q2 2018 was Tortoise Investment Management, an estimated $2.36M sold.
Based on aggregated 13F filings for Q2 2018.