Nuveen Select Tax-Free Income Portfolio
NXP
40 hedge funds and large institutions have $18.4M invested in Nuveen Select Tax-Free Income Portfolio in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 8 closing their positions.
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
40% more capital invested
Capital invested by funds: $13.2M → $18.4M (+$5.23M)
11% more funds holding
Funds holding: 36 → 40 (+4)
2.51% more ownership
Funds ownership: 6.09% → 8.6% (+2.5%)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.22M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.3M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$750K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$361K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$276K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$269K |
| 2 |
B
Baird
Milwaukee,
Wisconsin
|
-$178K |
| 3 |
CWM
Concert Wealth Management
San Jose,
California
|
-$166K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$148K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$141K |
NXP Hedge Fund Activity: Q4 2013 in Review
40 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Nuveen Select Tax-Free Income Portfolio (NXP) for Q4 2013, worth a combined $18.4M — up 40% from $13.2M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NXP positions and 8 closed out — a net gain of 4 holders — while 9 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.22M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $269K sold.
- 40 institutional investors held Nuveen Select Tax-Free Income Portfolio (NXP) as of Q4 2013, up from 36 in Q3 2013.
- Funds reported $18.4M of Nuveen Select Tax-Free Income Portfolio stock for Q4 2013, up 40% quarter-over-quarter.
- 12 funds opened new Nuveen Select Tax-Free Income Portfolio positions in Q4 2013 and 8 closed out, a net change of +4 holders.
- The largest Nuveen Select Tax-Free Income Portfolio buyer in Q4 2013 was Morgan Stanley, an estimated $2.22M added.
- The largest Nuveen Select Tax-Free Income Portfolio seller in Q4 2013 was Wolverine Asset Management, an estimated $269K sold.
Based on aggregated 13F filings for Q4 2013.