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Nuveen AMT-Free Quality Municipal Income Fund
NEA

216 hedge funds and large institutions have $734M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 58 increasing their positions, 53 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 34

11% more capital invested

Capital invested by funds: $659M → $734M (+$75M)

3.45% more ownership

Funds ownership: 19.21% → 22.66% (+3.4%)

1% more funds holding

Funds holding: 213 → 216 (+3)

9% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 53

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
216
Holders Change
+3
Holders Change %
+1.41%
% of All Funds
4.81%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.11%
New
40
Increased
58
Reduced
53
Closed
34
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$76M
2
V
Veritable
Delaware
+$18.7M
3
RCM
Rivernorth Capital Management
Florida
+$16M
4
SIA
Sit Investment Associates
Minnesota
+$7.74M
5
1CP
1607 Capital Partners
Virginia
+$4.42M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$14.3M
2
PPA
Parametric Portfolio Associates
Washington
-$6.28M
3
LB
Landmark Bank
Missouri
-$5.56M
4
GC
Guggenheim Capital
Illinois
-$4.28M
5
Morgan Stanley
Morgan Stanley
New York
-$3.69M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWP
226
Stratos Wealth Partners
Ohio
– -$309K -24,445 Closed
EWA
227
EP Wealth Advisors
California
– -$296K -23,358 Closed
TWM
228
Titus Wealth Management
California
– -$228K -18,106 Closed
DWM
229
Dynasty Wealth Management
Florida
– -$218K -17,200 Closed
VC
230
Vicus Capital
Pennsylvania
– -$209K -16,474 Closed
BAM
231
Belpointe Asset Management
Nevada
– -$189K -14,958 Closed
CA
232
Cetera Advisors
Colorado
– -$185K -14,532 Closed
PWPS
233
Pinnacle Wealth Planning Services
Ohio
– -$178K -14,039 Closed
CAN
234
Claraphi Advisory Network
United States
– -$161K -12,688 Closed
EGA
235
Eagle Global Advisors
Texas
– -$143K -11,283 Closed
Millennium Management
236
Millennium Management
New York
– -$133K -10,500 Closed
FAAS
237
First Allied Advisory Services
California
– -$129K -10,185 Closed
WSTAM
238
Wilbanks Smith & Thomas Asset Management
Virginia
– -$106K -8,385 Closed
FHA
239
Flagship Harbor Advisors
Massachusetts
– -$97K -7,700 Closed
NFG
240
Next Financial Group
Texas
– -$71K -5,635 Closed
APP
241
Avantax Planning Partners
Iowa
– -$58K -4,611 Closed
AA
242
Ancora Advisors
Ohio
– -$54K -4,254 Closed
CAG
243
Csenge Advisory Group
Florida
– -$38K -3,165 Closed
GP
244
Girard Partners
Pennsylvania
– -$36K -2,866 Closed
SFM
245
Signet Financial Management
New Jersey
– -$28K -2,224 Closed
CPIG
246
Chicago Partners Investment Group
Illinois
– -$20K -1,614 Closed
CFA
247
Carroll Financial Associates
North Carolina
– -$17K -1,398 Closed
SPIA
248
Steward Partners Investment Advisory
New York
– -$16K -1,258 Closed
UBS AM
249
UBS AM
Illinois
– -$13K -1,028 Closed
CFA
250
Camarda Financial Advisors
Florida
– -$13K -1,012 Closed
7 8 9
10
11

NEA Hedge Fund Activity: Q4 2018 in Review

216 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2018, worth a combined $734M — up 11% from $659M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new NEA positions and 34 closed out — a net gain of 6 holders — while 58 added to existing stakes and 53 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $76M. The largest seller was UBS Group, cutting an estimated $14.3M.

  • 216 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2018, up from 213 in Q3 2018.
  • Funds reported $734M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2018, up 11% quarter-over-quarter.
  • 40 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2018 and 34 closed out, a net change of +6 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2018 was Karpus Investment Management, an estimated $76M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2018 was UBS Group, an estimated $14.3M sold.

Based on aggregated 13F filings for Q4 2018.