Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
90 hedge funds and large institutions have $314M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 26 reducing their positions, and 9 closing their positions.
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
7% more capital invested
Capital invested by funds: $294M → $314M (+$20M)
6% more funds holding
Funds holding: 85 → 90 (+5)
0.4% more ownership
Funds ownership: 26.1% → 26.49% (+0.4%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
15% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.8M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.09M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.59M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.17M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$591K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.03M |
| 2 |
AWS
AJ Wealth Strategies
New York
|
-$1.81M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.72M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$1.17M |
| 5 |
RWB
RMR Wealth Builders
Montclair,
New Jersey
|
-$906K |
NRK Hedge Fund Activity: Q4 2020 in Review
90 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q4 2020, worth a combined $314M — up 6.8% from $294M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NRK positions and 9 closed out — a net gain of 5 holders — while 22 added to existing stakes and 26 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $11.8M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.03M.
- 90 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q4 2020, up from 85 in Q3 2020.
- Funds reported $314M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q4 2020, up 6.8% quarter-over-quarter.
- 14 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q4 2020 and 9 closed out, a net change of +5 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q4 2020 was Saba Capital Management, an estimated $11.8M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q4 2020 was Rivernorth Capital Management, an estimated $5.03M sold.
Based on aggregated 13F filings for Q4 2020.