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Nuveen New York AMT-Free Quality Municipal Income Fund
NRK

84 hedge funds and large institutions have $291M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 26 increasing their positions, 22 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 22

6% more capital invested

Capital invested by funds: $275M → $291M (+$16.1M)

0.67% more ownership

Funds ownership: 25.11% → 25.77% (+0.67%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less funds holding

Funds holding: 86 → 84 (-2)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
84
Holders Change
-2
Holders Change %
-2.33%
% of All Funds
1.72%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
4
Increased
26
Reduced
22
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$18.3M
2
RCM
Rivernorth Capital Management
Florida
+$4.4M
3
CRC
Curi RMB Capital
Illinois
+$2.23M
4
SIA
Sit Investment Associates
Minnesota
+$1.02M
5
Bank of America
Bank of America
North Carolina
+$965K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$9.4M
2
EWM
Edge Wealth Management
New York
-$7.98M
3
FM
Family Management
New York
-$681K
4
Goldman Sachs
Goldman Sachs
New York
-$622K
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$614K
Name Holding Trade Value Shares
Change 		Change in
Stake
RIM
76
Rockbridge Investment Management
New York
$46K +$44.1K +3,541 New
BWL
77
Bogart Wealth LLC
Virginia
$43K – – –
TCOV
78
Trust Company of Vermont
Vermont
$43K – – –
MRCM
79
M&R Capital Management
New Jersey
$37K -$9.01K -724 -20%
CHA
80
Carmichael Hill & Associates
Maryland
$34K – – –
EP
81
Eudaimonia Partners
Tennessee
$31K +$224 +18 +0.8%
APWM
82
Atlas Private Wealth Management
New York
$26K – – –
WT
83
Whittier Trust
California
$23K – – –
SW
84
SVB Wealth
Massachusetts
$19K – – –
BAM
85
Barrett Asset Management
New York
$16K – – –
SMH
86
Sanders Morris Harris
Texas
– -$157K -17,670 Closed
FIA
87
FNY Investment Advisers
New York
– -$208K -16,660 Closed
GWM
88
Greenwich Wealth Management
Connecticut
– -$180K -14,429 Closed
EFS
89
Essex Financial Services
Connecticut
– -$145K -11,629 Closed
ACP
90
Aviance Capital Partners
Florida
– -$144K -11,516 Closed
NFG
91
Next Financial Group
Texas
– -$79K -6,286 Closed
1 2 3
4

NRK Hedge Fund Activity: Q2 2020 in Review

84 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q2 2020, worth a combined $291M — up 5.9% from $275M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of NRK and 4 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 26 added.

The largest buyer was Karpus Investment Management, adding an estimated $18.3M. The largest seller was Saba Capital Management, cutting an estimated $9.4M.

  • 84 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q2 2020, down from 86 in Q1 2020.
  • Funds reported $291M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q2 2020, up 5.9% quarter-over-quarter.
  • 4 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q2 2020 and 6 closed out, a net change of -2 holders.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q2 2020 was Karpus Investment Management, an estimated $18.3M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q2 2020 was Saba Capital Management, an estimated $9.4M sold.

Based on aggregated 13F filings for Q2 2020.