Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
76 hedge funds and large institutions have $182M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 11 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
35% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 17
8% more capital invested
Capital invested by funds: $169M → $182M (+$13.2M)
1.72% more ownership
Funds ownership: 15.7% → 17.42% (+1.7%)
5% less funds holding
Funds holding: 80 → 76 (-4)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$11.4M |
| 2 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$2.24M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.84M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.73M |
| 5 |
EWM
Edge Wealth Management
New York
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$501K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$446K |
| 3 |
Citigroup
New York
|
-$381K |
| 4 |
SCA
STALEY CAPITAL ADVISERS
Pittsburgh,
Pennsylvania
|
-$367K |
| 5 |
ICM
Ionic Capital Management
New York
|
-$332K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
76
Steward Partners Investment Advisory
New York
| $8K | – | – | – |
|
|
TF
77
Tompkins Financial
Ithaca,
New York
| $4K | -$11.8K | -974 | -74% |
|
|
SCA
78
STALEY CAPITAL ADVISERS
Pittsburgh,
Pennsylvania
| – | -$367K | -30,000 | Closed |
|
|
ICM
79
Ionic Capital Management
New York
| – | -$332K | -27,153 | Closed |
|
80
Millennium Management
New York
| – | -$251K | -20,560 | Closed |
|
|
DA
81
Doliver Advisors
Houston,
Texas
| – | -$234K | -19,109 | Closed |
|
82
Neuberger Berman Group
New York
| – | -$186K | -15,207 | Closed |
|
|
TSS
83
Two Sigma Securities
New York
| – | -$165K | -13,499 | Closed |
|
|
BIAS
84
Beacon Investment Advisory Services
Morristown,
New Jersey
| – | -$141K | -11,563 | Closed |
|
|
TJHA
85
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$122K | -10,000 | Closed |
|
86
SG Americas Securities
New York
| – | -$109K | -8,953 | Closed |
|
|
RWP
87
RWA Wealth Partners
Newton,
Massachusetts
| – | -$51K | -4,130 | Closed |
|
88
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$16K | -1,292 | Closed |
|
NRK Hedge Fund Activity: Q3 2018 in Review
76 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q3 2018, worth a combined $182M — up 7.8% from $169M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NRK and 7 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 23 added.
The largest buyer was Karpus Investment Management, adding an estimated $11.4M. The largest seller was Tortoise Investment Management, cutting an estimated $501K.
- 76 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q3 2018, down from 80 in Q2 2018.
- Funds reported $182M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q3 2018, up 7.8% quarter-over-quarter.
- 7 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q3 2018 and 11 closed out, a net change of -4 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q3 2018 was Karpus Investment Management, an estimated $11.4M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q3 2018 was Tortoise Investment Management, an estimated $501K sold.
Based on aggregated 13F filings for Q3 2018.