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Nuveen New York AMT-Free Quality Municipal Income Fund

60 hedge funds and large institutions have $66M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2014 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

7% more capital invested

Capital invested by funds: $61.5M → $66M (+$4.49M)

2% more funds holding

Funds holding: 5960 (+1)

0.11% more ownership

Funds ownership: 5.73%5.85% (+0.11%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

35% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 17

Holders
60
Holders Change
+1
Holders Change %
+1.69%
% of All Funds
1.73%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
7
Increased
11
Reduced
17
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
6CM
1
683 Capital Management
New York
$17.5M -$6.29K -500 -0%
GC
2
Guggenheim Capital
Illinois
$8.19M -$673K -53,452 -8%
Morgan Stanley
3
Morgan Stanley
New York
$6.34M -$113 -9 -0%
U
4
UBS
Switzerland
$4.99M -$265K -21,079 -5%
KIM
5
Karpus Investment Management
New York
$3.72M -$127K -10,100 -3%
Wells Fargo
6
Wells Fargo
California
$2.6M +$1.09M +86,506 +74%
Bank of America
7
Bank of America
North Carolina
$2.59M -$70.1K -5,568 -3%
Citigroup
8
Citigroup
New York
$1.83M +$2.69K +214 +0.1%
Goldman Sachs
9
Goldman Sachs
New York
$1.83M +$3.3K +262 +0.2%
Invesco
10
Invesco
Georgia
$1.66M -$308K -24,437 -16%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$1.5M +$62.9K +5,000 +4%
Cohen & Steers
12
Cohen & Steers
New York
$1.49M +$1.47M +116,920 New
SA
13
Strategic Advisors
New York
$1.35M +$1.33M +105,917 New
AQR Capital Management
14
AQR Capital Management
Connecticut
$1.22M +$35.5K +2,819 +3%
HK
15
Horizon Kinetics
New York
$788K -$19.3K -1,531 -2%
Lazard Asset Management
16
Lazard Asset Management
New York
$729K
LPL Financial
17
LPL Financial
California
$720K -$7.41K -589 -1%
HCM
18
Highbridge Capital Management
New York
$703K
HighTower Advisors
19
HighTower Advisors
Illinois
$564K +$6.86K +545 +1%
RJA
20
Raymond James & Associates
Florida
$529K
Deutsche Bank
21
Deutsche Bank
Germany
$468K +$54.5K +4,335 +13%
Jane Street
22
Jane Street
New York
$336K +$29K +2,304 +10%
ACM
23
Argentus Capital Management
Texas
$316K -$67.5K -5,366 -18%
NRS
24
Neville Rodie & Shaw
New York
$283K
CS
25
Credit Suisse
Switzerland
$275K +$271K +21,555 New

NRK Hedge Fund Activity: Q1 2014 in Review

60 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q1 2014, worth a combined $66M — up 7.3% from $61.5M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new NRK positions and 6 closed out — a net gain of 1 holder — while 11 added to existing stakes and 17 trimmed.

The largest buyer was Cohen & Steers, opening a new position worth an estimated $1.47M. The largest seller was SG Americas Securities, exiting entirely with an estimated $771K sold.

  • 60 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q1 2014, up from 59 in Q4 2013.
  • Funds reported $66M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q1 2014, up 7.3% quarter-over-quarter.
  • 7 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q1 2014 and 6 closed out, a net change of +1 holder.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q1 2014 was Cohen & Steers, an estimated $1.47M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q1 2014 was SG Americas Securities, an estimated $771K sold.

Based on aggregated 13F filings for Q1 2014.