Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
75 hedge funds and large institutions have $233M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 7 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
19% more capital invested
Capital invested by funds: $196M → $233M (+$36.4M)
16% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 19
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
1.42% more ownership
Funds ownership: 19.18% → 20.6% (+1.4%)
1% less funds holding
Funds holding: 76 → 75 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$12.5M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.81M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.51M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.32M |
| 5 |
NCM
Next Capital Management
New York
|
+$744K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$1.6M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.03M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$957K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$954K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$597K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BAM
76
Barrett Asset Management
New York
| $16K | – | – | – |
|
77
Fifth Third Bancorp
Cincinnati,
Ohio
| $12K | – | – | – |
|
|
BAM
78
Bruderman Asset Management
Locust Valley,
New York
| $4K | – | – | – |
|
|
WAM
79
Weiss Asset Management
Boston,
Massachusetts
| – | -$597K | -51,240 | Closed |
|
|
CRC
80
Curi RMB Capital
Chicago,
Illinois
| – | -$536K | -46,040 | Closed |
|
81
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$219K | -18,792 | Closed |
|
82
Citadel Advisors
Miami,
Florida
| – | -$139K | -11,939 | Closed |
|
NRK Hedge Fund Activity: Q1 2019 in Review
75 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q1 2019, worth a combined $233M — up 19% from $196M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NRK positions and 7 closed out — a net gain of 1 holder — while 22 added to existing stakes and 19 trimmed.
The largest buyer was Claybrook Capital, opening a new position worth an estimated $12.5M. The largest seller was PenderFund Capital Management, exiting entirely with an estimated $1.6M sold.
- 75 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q1 2019, down from 76 in Q4 2018.
- Funds reported $233M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q1 2019, up 19% quarter-over-quarter.
- 8 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q1 2019 and 7 closed out, a net change of +1 holder.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q1 2019 was Claybrook Capital, an estimated $12.5M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q1 2019 was PenderFund Capital Management, an estimated $1.6M sold.
Based on aggregated 13F filings for Q1 2019.