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Nuveen New York AMT-Free Quality Municipal Income Fund
NRK

90 hedge funds and large institutions have $314M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 9

7% more capital invested

Capital invested by funds: $294M → $314M (+$20M)

6% more funds holding

Funds holding: 85 → 90 (+5)

0.4% more ownership

Funds ownership: 26.1% → 26.49% (+0.4%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

15% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 26

Holders
90
Holders Change
+5
Holders Change %
+5.88%
% of All Funds
1.59%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
14
Increased
22
Reduced
26
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$11.8M
2
RCM
Robinson Capital Management
Michigan
+$2.09M
3
KIM
Karpus Investment Management
New York
+$1.59M
4
Wells Fargo
Wells Fargo
California
+$1.17M
5
LCM
Landscape Capital Management
New Jersey
+$591K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$5.03M
2
AWS
AJ Wealth Strategies
New York
-$1.81M
3
COLIM
City of London Investment Management
United Kingdom
-$1.72M
4
WCMNY
Westchester Capital Management (New York)
New York
-$1.17M
5
RWB
RMR Wealth Builders
New Jersey
-$906K
Name Holding Trade Value Shares
Change 		Change in
Stake
GWM
76
Geneos Wealth Management
Colorado
$53K – – –
BFEC
77
Benjamin F. Edwards & Company
Missouri
$52K – – –
TCOV
78
Trust Company of Vermont
Vermont
$45K – – –
MRCM
79
M&R Capital Management
New Jersey
$39K – – –
BWL
80
Bogart Wealth LLC
Virginia
$38K – – –
CHA
81
Carmichael Hill & Associates
Maryland
$36K – – –
EP
82
Eudaimonia Partners
Tennessee
$33K +$249 +19 +0.8%
LGA
83
Lebenthal Global Advisors
New York
$33K +$32.4K +2,469 New
WT
84
Washington Trust
Rhode Island
$28K – – –
RIM
85
Rockbridge Investment Management
New York
$24K -$22.9K -1,750 -49%
PWPS
86
Pinnacle Wealth Planning Services
Ohio
$19K +$18.3K +1,398 New
BAM
87
Barrett Asset Management
New York
$17K – – –
FIA
88
FNY Investment Advisers
New York
$13K +$13.1K +1,000 New
CB
89
Community Bank
New York
$10K +$10.1K +770 New
KFI
90
Key Financial Inc
Pennsylvania
$7K +$6.41K +489 New
PFO
91
Pathstone Family Office
New Jersey
$7K +$6.86K +523 New
RWB
92
RMR Wealth Builders
New Jersey
– -$906K -70,479 Closed
IWC
93
Integrated Wealth Concepts
Massachusetts
– -$212K -16,464 Closed
Susquehanna International Group
94
Susquehanna International Group
Pennsylvania
– -$203K -15,796 Closed
WAM
95
Wolverine Asset Management
Illinois
– -$131K -10,194 Closed
CHAM
96
Clear Harbor Asset Management
Connecticut
– -$107K -8,350 Closed
Bessemer Group
97
Bessemer Group
New Jersey
– -$51K -4,000 Closed
APWM
98
Atlas Private Wealth Management
New York
– -$26K -2,022 Closed
WT
99
Whittier Trust
California
– -$23K -1,802 Closed
TRCT
100
Tower Research Capital (TRC)
New York
– -$10K -785 Closed
1 2 3
4

NRK Hedge Fund Activity: Q4 2020 in Review

90 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q4 2020, worth a combined $314M — up 6.8% from $294M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NRK positions and 9 closed out — a net gain of 5 holders — while 22 added to existing stakes and 26 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $11.8M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.03M.

  • 90 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q4 2020, up from 85 in Q3 2020.
  • Funds reported $314M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q4 2020, up 6.8% quarter-over-quarter.
  • 14 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q4 2020 and 9 closed out, a net change of +5 holders.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q4 2020 was Saba Capital Management, an estimated $11.8M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q4 2020 was Rivernorth Capital Management, an estimated $5.03M sold.

Based on aggregated 13F filings for Q4 2020.