Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
94 hedge funds and large institutions have $327M invested in Nuveen New York AMT-Free Quality Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 32 reducing their positions, and 11 closing their positions.
24% more capital invested
Capital invested by funds: $264M → $327M (+$63.3M)
3.6% more ownership
Funds ownership: 32.01% → 35.61% (+3.6%)
4% less funds holding
Funds holding: 98 → 94 (-4)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
28% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 32
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$23.6M |
| 2 |
Lido Advisors
Los Angeles,
California
|
+$7.72M |
| 3 |
Morgan Stanley
New York
|
+$6.54M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.7M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$2.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.37M |
| 2 |
FFG
Frisch Financial Group
Melville,
New York
|
-$2.89M |
| 3 |
Rockefeller Capital Management
New York
|
-$538K |
| 4 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$520K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$482K |
NRK Hedge Fund Activity: Q4 2023 in Review
94 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) for Q4 2023, worth a combined $327M — up 24% from $264M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NRK and 8 opened new positions — a net loss of 3 holders — while 32 trimmed existing stakes and 23 added.
The largest buyer was Karpus Investment Management, adding an estimated $23.6M. The largest seller was Saba Capital Management, exiting entirely with an estimated $3.37M sold.
- 94 institutional investors held Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) as of Q4 2023, down from 98 in Q3 2023.
- Funds reported $327M of Nuveen New York AMT-Free Quality Municipal Income Fund stock for Q4 2023, up 24% quarter-over-quarter.
- 8 funds opened new Nuveen New York AMT-Free Quality Municipal Income Fund positions in Q4 2023 and 11 closed out, a net change of -3 holders.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund buyer in Q4 2023 was Karpus Investment Management, an estimated $23.6M added.
- The largest Nuveen New York AMT-Free Quality Municipal Income Fund seller in Q4 2023 was Saba Capital Management, an estimated $3.37M sold.
Based on aggregated 13F filings for Q4 2023.