Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
76 hedge funds and large institutions have $196M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 27 reducing their positions, and 13 closing their positions.
8% more capital invested
Capital invested by funds: $182M → $196M (+$14.2M)
1.76% more ownership
Funds ownership: 17.42% → 19.18% (+1.8%)
0% more funds holding
Funds holding: 76 → 76 (0)
0% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 13
44% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 27
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$16.4M |
| 2 |
SCM
Saba Capital Management
New York
|
+$13.6M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.09M |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$2.8M |
| 5 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$1.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
-$12.1M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$7.03M |
| 3 |
Morgan Stanley
New York
|
-$3.23M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.02M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$932K |
NRK Hedge Fund Activity: Q4 2018 in Review
76 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q4 2018, worth a combined $196M — up 7.8% from $182M a quarter earlier.
Fund positioning in NRK was balanced in Q4 2018: 13 funds opened new positions, 13 closed out, 15 added to existing stakes and 27 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $16.4M. The largest seller was Claybrook Capital, exiting entirely with an estimated $12.1M sold.
- 76 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q4 2018, unchanged from Q3 2018.
- Funds reported $196M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q4 2018, up 7.8% quarter-over-quarter.
- 13 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q4 2018 and 13 closed out, a net change of 0 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q4 2018 was Karpus Investment Management, an estimated $16.4M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q4 2018 was Claybrook Capital, an estimated $12.1M sold.
Based on aggregated 13F filings for Q4 2018.