Nuveen AMT-Free Quality Municipal Income Fund
247 hedge funds and large institutions have $885M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 49 funds opening new positions, 89 increasing their positions, 44 reducing their positions, and 17 closing their positions.
188% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 17
102% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 44
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
15% more capital invested
Capital invested by funds: $768M → $885M (+$117M)
13% more funds holding
Funds holding: 219 → 247 (+28)
0.41% less ownership
Funds ownership: 22.47% → 22.06% (-0.41%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$17M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$12.3M |
| 3 |
Morgan Stanley
New York
|
+$5.87M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$5.55M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$5.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$18.9M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$3.33M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$3.12M |
| 4 |
EWM
Edge Wealth Management
New York
|
-$2.13M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.78M |
NEA Hedge Fund Activity: Q4 2019 in Review
247 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2019, worth a combined $885M — up 15% from $768M a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new NEA positions and 17 closed out — a net gain of 32 holders — while 89 added to existing stakes and 44 trimmed.
The largest buyer was Wells Fargo, adding an estimated $17M. The largest seller was Karpus Investment Management, cutting an estimated $18.9M.
- 247 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2019, up from 219 in Q3 2019.
- Funds reported $885M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2019, up 15% quarter-over-quarter.
- 49 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2019 and 17 closed out, a net change of +32 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2019 was Wells Fargo, an estimated $17M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2019 was Karpus Investment Management, an estimated $18.9M sold.
Based on aggregated 13F filings for Q4 2019.