Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
95 hedge funds and large institutions have $265M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 25 increasing their positions, 22 reducing their positions, and 16 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 22
8% more capital invested
Capital invested by funds: $245M → $265M (+$20.4M)
1.52% more ownership
Funds ownership: 27.32% → 28.84% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less funds holding
Funds holding: 101 → 95 (-6)
31% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$9.69M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
+$5.63M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.51M |
| 4 |
Rockefeller Capital Management
New York
|
+$1.33M |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$968K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$1.45M |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.3M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$977K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$958K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$647K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BAM
101
Belpointe Asset Management
Reno,
Nevada
| – | -$239K | -23,300 | Closed |
|
|
V
102
Veritable
Wilmington,
Delaware
| – | -$205K | -20,000 | Closed |
|
103
Goldman Sachs
New York
| – | -$198K | -19,336 | Closed |
|
|
IWA
104
IBEX Wealth Advisors
Bedminster,
New Jersey
| – | -$117K | -11,375 | Closed |
|
|
EAM
105
Evanson Asset Management
Carmel,
California
| – | -$113K | -11,031 | Closed |
|
|
PAG
106
Private Advisor Group
Morristown,
New Jersey
| – | -$107 | -10,414 | Closed |
|
|
IAIM
107
International Assets Investment Management
Orlando,
Florida
| – | -$105K | -10,193 | Closed |
|
108
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$103K | -10,003 | Closed |
|
|
EBA
109
Eagle Bay Advisors
New York
| – | -$39K | -3,800 | Closed |
|
|
BWL
110
Bogart Wealth LLC
Mclean,
Virginia
| – | -$29.3K | -2,853 | Closed |
|
|
TF
111
Tompkins Financial
Ithaca,
New York
| – | -$5K | -500 | Closed |
|
112
Fidelity Investments
Boston,
Massachusetts
| – | -$10 | -1 | Closed |
|
NRK Hedge Fund Activity: Q1 2023 in Review
95 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q1 2023, worth a combined $265M — up 8.4% from $245M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NRK and 11 opened new positions — a net loss of 5 holders — while 22 trimmed existing stakes and 25 added.
The largest buyer was Karpus Investment Management, adding an estimated $9.69M. The largest seller was Mackay Shields LLC, cutting an estimated $1.45M.
- 95 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q1 2023, down from 101 in Q4 2022.
- Funds reported $265M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q1 2023, up 8.4% quarter-over-quarter.
- 11 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q1 2023 and 16 closed out, a net change of -5 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $9.69M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q1 2023 was Mackay Shields LLC, an estimated $1.45M sold.
Based on aggregated 13F filings for Q1 2023.