Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
86 hedge funds and large institutions have $275M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 25 increasing their positions, 25 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
2% more funds holding
Funds holding: 84 → 86 (+2)
2.15% more ownership
Funds ownership: 22.96% → 25.11% (+2.1%)
1% more capital invested
Capital invested by funds: $273M → $275M (+$1.42M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$33M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$3.76M |
| 3 |
JP Morgan Chase
New York
|
+$2.85M |
| 4 |
AWS
AJ Wealth Strategies
New York
|
+$1.53M |
| 5 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.84M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.44M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$4.3M |
| 4 |
SA
Strategic Advisors
New York
|
-$2.19M |
| 5 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
-$2.04M |
NRK Hedge Fund Activity: Q1 2020 in Review
86 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q1 2020, worth a combined $275M — up 0.52% from $273M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NRK positions and 7 closed out — a net gain of 4 holders — while 25 added to existing stakes and 25 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $33M. The largest seller was Saba Capital Management, cutting an estimated $4.84M.
- 86 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q1 2020, up from 84 in Q4 2019.
- Funds reported $275M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q1 2020, up 0.52% quarter-over-quarter.
- 11 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q1 2020 and 7 closed out, a net change of +4 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $33M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q1 2020 was Saba Capital Management, an estimated $4.84M sold.
Based on aggregated 13F filings for Q1 2020.