Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
107 hedge funds and large institutions have $229M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2022 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 24 reducing their positions, and 11 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 24
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.75% less ownership
Funds ownership: 27.48% → 26.74% (-0.75%)
2% less funds holding
Funds holding: 109 → 107 (-2)
14% less capital invested
Capital invested by funds: $265M → $229M (-$35.9M)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.27M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.19M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$921K |
| 4 |
Bank of New York Mellon
New York
|
+$726K |
| 5 |
Morgan Stanley
New York
|
+$632K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$11.1M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$772K |
| 3 |
SMH
Sanders Morris Harris
Houston,
Texas
|
-$510K |
| 4 |
BP
BBR Partners
New York
|
-$450K |
| 5 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
-$411K |
NRK Hedge Fund Activity: Q3 2022 in Review
107 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q3 2022, worth a combined $229M — down 14% from $265M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NRK and 9 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 32 added.
The largest buyer was Karpus Investment Management, adding an estimated $1.27M. The largest seller was Rivernorth Capital Management, cutting an estimated $11.1M.
- 107 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q3 2022, down from 109 in Q2 2022.
- Funds reported $229M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q3 2022, down 14% quarter-over-quarter.
- 9 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q3 2022 and 11 closed out, a net change of -2 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q3 2022 was Karpus Investment Management, an estimated $1.27M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q3 2022 was Rivernorth Capital Management, an estimated $11.1M sold.
Based on aggregated 13F filings for Q3 2022.