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Nuveen New York AMT-Free Quality Municipal Income Fund

76 hedge funds and large institutions have $182M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

35% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 17

8% more capital invested

Capital invested by funds: $169M → $182M (+$13.2M)

1.72% more ownership

Funds ownership: 15.7%17.42% (+1.7%)

5% less funds holding

Funds holding: 8076 (-4)

36% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 11

Holders
76
Holders Change
-4
Holders Change %
-5%
% of All Funds
1.74%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
7
Increased
23
Reduced
17
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$67.1M +$11.4M +943,530 +20%
Morgan Stanley
2
Morgan Stanley
New York
$12.3M +$336K +27,739 +3%
CC
3
Claybrook Capital
Massachusetts
$12.1M +$9.75K +804 +0.1%
EWM
4
Edge Wealth Management
New York
$7.96M +$1.34M +110,720 +20%
MSL
5
Mackay Shields LLC
New York
$7.72M
Fiera Capital (Canada)
6
Fiera Capital (Canada)
Quebec, Canada
$7.03M +$1.84M +151,847 +35%
COLIM
7
City of London Investment Management
United Kingdom
$6.05M +$1.73M +142,617 +39%
HighTower Advisors
8
HighTower Advisors
Illinois
$5.92M +$127K +10,437 +2%
GC
9
Guggenheim Capital
Illinois
$5.47M -$63.6K -5,248 -1%
1832 Asset Management
10
1832 Asset Management
Ontario, Canada
$4.76M
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$4.33M +$501K +41,366 +13%
LCM
12
Landscape Capital Management
New Jersey
$3.41M +$390K +32,166 +13%
UBS Group
13
UBS Group
Switzerland
$3.31M -$446K -36,806 -12%
Bank of America
14
Bank of America
North Carolina
$2.92M -$197K -16,280 -6%
Wells Fargo
15
Wells Fargo
California
$2.51M -$8.61K -710 -0.3%
NGA
16
Naples Global Advisors
Florida
$2.26M -$141K -11,650 -6%
DWM
17
Dakota Wealth Management
Florida
$2.2M +$2.24M +185,013 New
Citigroup
18
Citigroup
New York
$1.8M -$381K -31,463 -17%
TIM
19
Tortoise Investment Management
New York
$1.76M -$501K -41,315 -22%
CRC
20
Curi RMB Capital
Illinois
$1.59M +$103K +8,485 +7%
Invesco
21
Invesco
Georgia
$1.54M +$65.8K +5,425 +4%
RJA
22
Raymond James & Associates
Florida
$1.4M -$2.36K -195 -0.2%
MIG
23
Mariner Investment Group
New York
$1.29M +$54.3K +4,477 +4%
RCM
24
Robinson Capital Management
Michigan
$1.22M -$28.5K -2,355 -2%
AG
25
Advisor Group
Arizona
$895K +$2.06K +170 +0.2%

NRK Hedge Fund Activity: Q3 2018 in Review

76 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q3 2018, worth a combined $182M — up 7.8% from $169M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of NRK and 7 opened new positions — a net loss of 4 holders — while 17 trimmed existing stakes and 23 added.

The largest buyer was Karpus Investment Management, adding an estimated $11.4M. The largest seller was Tortoise Investment Management, cutting an estimated $501K.

  • 76 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q3 2018, down from 80 in Q2 2018.
  • Funds reported $182M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q3 2018, up 7.8% quarter-over-quarter.
  • 7 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q3 2018 and 11 closed out, a net change of -4 holders.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q3 2018 was Karpus Investment Management, an estimated $11.4M added.
  • The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q3 2018 was Tortoise Investment Management, an estimated $501K sold.

Based on aggregated 13F filings for Q3 2018.