Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
69 hedge funds and large institutions have $271M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 25 increasing their positions, 13 reducing their positions, and 10 closing their positions.
92% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 13
7% more capital invested
Capital invested by funds: $253M → $271M (+$18.3M)
1% more ownership
Funds ownership: 21.98% → 22.98% (+1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less funds holding
Funds holding: 75 → 69 (-6)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.6M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.3M |
| 3 |
SA
Strategic Advisors
New York
|
+$2.11M |
| 4 |
SCM
Saba Capital Management
New York
|
+$777K |
| 5 |
SWM
Stockman Wealth Management
Billings,
Montana
|
+$587K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.79M |
| 2 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
-$1.01M |
| 3 |
EWM
Edge Wealth Management
New York
|
-$457K |
| 4 |
SMH
Sanders Morris Harris
Houston,
Texas
|
-$424K |
| 5 |
ICA
Infrastructure Capital Advisors
New York
|
-$414K |
NRK Hedge Fund Activity: Q3 2019 in Review
69 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q3 2019, worth a combined $271M — up 7.2% from $253M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NRK and 4 opened new positions — a net loss of 6 holders — while 13 trimmed existing stakes and 25 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $10.6M. The largest seller was Landscape Capital Management, cutting an estimated $2.79M.
- 69 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q3 2019, down from 75 in Q2 2019.
- Funds reported $271M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q3 2019, up 7.2% quarter-over-quarter.
- 4 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q3 2019 and 10 closed out, a net change of -6 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q3 2019 was Rivernorth Capital Management, an estimated $10.6M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q3 2019 was Landscape Capital Management, an estimated $2.79M sold.
Based on aggregated 13F filings for Q3 2019.