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Nuveen AMT-Free Quality Municipal Income Fund
NEA

219 hedge funds and large institutions have $768M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 76 increasing their positions, 50 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 50

42% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 19

3% more funds holding

Funds holding: 212 → 219 (+7)

0.04% less ownership

Funds ownership: 22.51% → 22.47% (-0.04%)

1% less capital invested

Capital invested by funds: $773M → $768M (-$5.1M)

50% less funds holding in top 10

Funds holding in top 10: 6 → 3 (-3)

Holders
219
Holders Change
+7
Holders Change %
+3.3%
% of All Funds
4.8%
Holding in Top 10
3
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-50%
% of All Funds
0.07%
New
27
Increased
76
Reduced
50
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$36.3M
2
RCM
Rivernorth Capital Management
Florida
+$29.4M
3
UBS Group
UBS Group
Switzerland
+$8.22M
4
Morgan Stanley
Morgan Stanley
New York
+$5.89M
5
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$2.01M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$69.1M
2
Wells Fargo
Wells Fargo
California
-$17.9M
3
RCM
Robinson Capital Management
Michigan
-$3.75M
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$3.09M
5
SIA
Sit Investment Associates
Minnesota
-$3.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
LNWWM
226
Laird Norton Wetherby Wealth Management
California
– -$142K -10,250 Closed
OLA
227
Oliver Luxxe Assets
New Jersey
– -$141K -10,171 Closed
TNBTD
228
Trustmark National Bank Trust Department
Mississippi
– -$78K -5,671 Closed
WAM
229
Wolverine Asset Management
Illinois
– -$75K -5,434 Closed
HS
230
Horan Securities
United States
– -$56K -4,056 Closed
OIA
231
OneDigital Investment Advisors
Kansas
– -$44K -3,205 Closed
FEG
232
Financial Enhancement Group
Indiana
– -$16K -1,132 Closed
AOWM
233
Alpha Omega Wealth Management
Virginia
– -$14K -1,000 Closed
CFGS
234
Concourse Financial Group Securities
Alabama
– -$10.6K -750 Closed
POIA
235
Pin Oak Investment Advisors
Texas
– -$10K -707 Closed
DWM
236
Doyle Wealth Management
Florida
– -$7K -482 Closed
FCB
237
First Command Bank
Texas
– -$3K -237 Closed
FCFS
238
First Command Financial Services
Texas
– -$3K -237 Closed
6 7 8 9
10

NEA Hedge Fund Activity: Q3 2019 in Review

219 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2019, worth a combined $768M — down 0.66% from $773M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new NEA positions and 19 closed out — a net gain of 8 holders — while 76 added to existing stakes and 50 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $36.3M. The largest seller was Karpus Investment Management, cutting an estimated $69.1M.

  • 219 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2019, up from 212 in Q2 2019.
  • Funds reported $768M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2019, down 0.66% quarter-over-quarter.
  • 27 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2019 and 19 closed out, a net change of +8 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2019 was Guggenheim Capital, an estimated $36.3M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2019 was Karpus Investment Management, an estimated $69.1M sold.

Based on aggregated 13F filings for Q3 2019.