Robert Young L has made a significant investment by acquiring 22,848 shares of the Nuveen Select Tax Free Income Portfolio. This transaction, reported in a recent SEC filing, underscores Young's confidence in the closed-end fund sector.

The filing, dated October 27, 2026, reveals that the transaction took place on October 23, 2026, at a price of $13.1492 per share. Following this purchase, Young now holds 22,848 shares in the fund, indicating a direct ownership stake.

Background

Robert Young L is an individual investor and trustee based in Chicago, Illinois. He is associated with the Nuveen Select Tax Free Income Portfolio, which is part of the broader investment management industry. The company operates under the SEC file number 811-06548, focusing on closed-end funds.

What the Filing Says

The filing states, "Transaction Date: 2026-10-23, Shares Acquired: 22,848, Price per Share: 13.1492."

Impact

This acquisition may affect investor perceptions of the Nuveen Select Tax Free Income Portfolio and could influence similar investment strategies among peers in the industry. Young's actions may encourage other investors to consider similar investments in closed-end funds.

What's Next

The filing does not say what happens next.

Additional Details

According to the filing, Robert Young L's transaction is categorized under the code 'P', indicating a purchase of shares. The shares acquired are classified as common stock, a common investment vehicle for individuals looking to participate in the growth of a company.

The SEC filing also notes that Young's ownership is direct, meaning he has full control over the shares and their associated voting rights. Following this transaction, he maintains a total of 22,848 shares in the Nuveen Select Tax Free Income Portfolio.

Trustee Role

In addition to being an individual investor, Robert Young L is identified as a trustee in the filing. This role may imply a fiduciary responsibility to manage assets for the benefit of another party, which could influence his investment decisions and strategies.

Company Information

The Nuveen Select Tax Free Income Portfolio, the entity involved in this transaction, is registered under SEC file number 811-06548 and has a fiscal year-end of March 31. The fund is based in Chicago, Illinois, with its business address listed as 333 W Wacker Drive.

Power of Attorney

The filing includes a Power of Attorney document, which designates individuals authorized to execute and file Forms 3, 4, and 5 on behalf of Robert Young L. This delegation of authority indicates a structured approach to compliance with SEC regulations, ensuring timely and accurate reporting of his investment activities.

What the Filing Does Not Include

The filing does not provide details about Young's overall investment strategy, other holdings, or future intentions regarding the Nuveen Select Tax Free Income Portfolio. There is also no information on how this acquisition fits into broader market trends or Young's historical investment performance.