Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
85 hedge funds and large institutions have $294M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 11 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 18
1% more funds holding
Funds holding: 84 → 85 (+1)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
1% more capital invested
Capital invested by funds: $291M → $294M (+$3.23M)
0.33% more ownership
Funds ownership: 25.77% → 26.1% (+0.33%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.63M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.69M |
| 3 |
RWB
RMR Wealth Builders
Montclair,
New Jersey
|
+$922K |
| 4 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$756K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$519K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.14M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$946K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$837K |
| 4 |
Morgan Stanley
New York
|
-$735K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$707K |
NRK Hedge Fund Activity: Q3 2020 in Review
85 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q3 2020, worth a combined $294M — up 1.1% from $291M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NRK positions and 11 closed out — a net gain of 1 holder — while 23 added to existing stakes and 18 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $4.63M. The largest seller was Sit Investment Associates, cutting an estimated $3.14M.
- 85 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q3 2020, up from 84 in Q2 2020.
- Funds reported $294M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q3 2020, up 1.1% quarter-over-quarter.
- 12 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q3 2020 and 11 closed out, a net change of +1 holder.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q3 2020 was Saba Capital Management, an estimated $4.63M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q3 2020 was Sit Investment Associates, an estimated $3.14M sold.
Based on aggregated 13F filings for Q3 2020.