Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
59 hedge funds and large institutions have $61.5M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 11 increasing their positions, 17 reducing their positions, and 13 closing their positions.
10% more capital invested
Capital invested by funds: $56M → $61.5M (+$5.45M)
0.48% more ownership
Funds ownership: 5.25% → 5.73% (+0.48%)
5% less funds holding
Funds holding: 62 → 59 (-3)
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
35% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
6CM
683 Capital Management
New York
|
+$16.5M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.44M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$761K |
| 4 |
SG Americas Securities
New York
|
+$755K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$494K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.98M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$2.53M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.69M |
| 4 |
ACM
Argentus Capital Management
Dallas,
Texas
|
-$1.53M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.39M |
NRK Hedge Fund Activity: Q4 2013 in Review
59 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q4 2013, worth a combined $61.5M — up 9.7% from $56M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NRK and 10 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 11 added.
The largest buyer was 683 Capital Management, opening a new position worth an estimated $16.5M. The largest seller was Guggenheim Capital, cutting an estimated $3.98M.
- 59 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q4 2013, down from 62 in Q3 2013.
- Funds reported $61.5M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q4 2013, up 9.7% quarter-over-quarter.
- 10 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q4 2013 and 13 closed out, a net change of -3 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q4 2013 was 683 Capital Management, an estimated $16.5M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q4 2013 was Guggenheim Capital, an estimated $3.98M sold.
Based on aggregated 13F filings for Q4 2013.