NUVEEN DIV ADV MUNI FD-2
NXZ
NXZ was delisted on the 8th of April, 2016.
53 hedge funds and large institutions have $62.2M invested in NUVEEN DIV ADV MUNI FD-2 in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 12 reducing their positions, and 8 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 12
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
11% more capital invested
Capital invested by funds: $55.9M → $62.2M (+$6.3M)
6% more funds holding
Funds holding: 50 → 53 (+3)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
V
Veritable
Wilmington,
Delaware
|
+$3.9M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$2.38M |
| 3 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$2.38M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.49M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRAM
Claren Road Asset Management
New York
|
-$2.86M |
| 2 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$2.13M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.75M |
| 4 |
TCM
Texan Capital Management
Houston,
Texas
|
-$1.29M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$900K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
51
Ladenburg Thalmann Financial Services
Miami,
Florida
| $17K | – | – | – |
|
|
WA
52
Winfield Associates
Cleveland,
Ohio
| $4K | +$4.26K | +333 | New |
|
|
MA
53
MUFG Americas
New York
| $2K | +$2.31K | +181 | New |
|
|
CRAM
54
Claren Road Asset Management
New York
| – | -$2.86M | -220,459 | Closed |
|
|
TCM
55
Texan Capital Management
Houston,
Texas
| – | -$1.29M | -99,490 | Closed |
|
|
VAM
56
Visium Asset Management
New York
| – | -$393K | -30,370 | Closed |
|
|
PP
57
Paloma Partners
Greenwich,
Connecticut
| – | -$140K | -10,800 | Closed |
|
|
PFO
58
Pathstone Family Office
Englewood,
New Jersey
| – | -$72K | -5,672 | Closed |
|
59
US Bancorp
Minneapolis,
Minnesota
| – | -$60K | -4,625 | Closed |
|
60
Nomura Holdings
Tokyo,
Japan
| – | -$3K | -200 | Closed |
|
|
AIG
61
American International Group
New York
| – | -$519 | -40 | Closed |
|
NXZ Hedge Fund Activity: Q4 2013 in Review
53 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in NUVEEN DIV ADV MUNI FD-2 (NXZ) for Q4 2013, worth a combined $62.2M — up 11% from $55.9M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NXZ positions and 8 closed out — a net gain of 5 holders — while 21 added to existing stakes and 12 trimmed.
The largest buyer was Veritable, adding an estimated $3.9M. The largest seller was Claren Road Asset Management, exiting entirely with an estimated $2.86M sold.
- 53 institutional investors held NUVEEN DIV ADV MUNI FD-2 (NXZ) as of Q4 2013, up from 50 in Q3 2013.
- Funds reported $62.2M of NUVEEN DIV ADV MUNI FD-2 stock for Q4 2013, up 11% quarter-over-quarter.
- 13 funds opened new NUVEEN DIV ADV MUNI FD-2 positions in Q4 2013 and 8 closed out, a net change of +5 holders.
- The largest NUVEEN DIV ADV MUNI FD-2 buyer in Q4 2013 was Veritable, an estimated $3.9M added.
- The largest NUVEEN DIV ADV MUNI FD-2 seller in Q4 2013 was Claren Road Asset Management, an estimated $2.86M sold.
Based on aggregated 13F filings for Q4 2013.