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Nuveen AMT-Free Quality Municipal Income Fund

237 hedge funds and large institutions have $941M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 75 increasing their positions, 58 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 58

6% more capital invested

Capital invested by funds: $887M → $941M (+$53.5M)

0.74% more ownership

Funds ownership: 23.54%24.29% (+0.74%)

7% less funds holding

Funds holding: 256237 (-19)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

44% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 34

Holders
237
Holders Change
-19
Holders Change %
-7.42%
% of All Funds
4.86%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.12%
New
19
Increased
75
Reduced
58
Closed
34
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
ICM
251
Ionic Capital Management
New York
-$188K -13,872 Closed
ACI
252
Alpha Cubed Investments
California
-$168K -12,421 Closed
FIA
253
FNY Investment Advisers
New York
-$162K -12,000 Closed
Bank of New York Mellon
254
Bank of New York Mellon
New York
-$161K -11,857 Closed
CIAS
255
Capital Investment Advisory Services
North Carolina
-$156K -11,500 Closed
TSWM
256
Triangle Securities Wealth Management
North Carolina
-$152K -11,255 Closed
PWM
257
Peterson Wealth Management
Nevada
-$146K -10,818 Closed
CWM
258
Cabot Wealth Management
Massachusetts
-$146K -10,800 Closed
APW
259
Aurora Private Wealth
New Jersey
-$144K -10,643 Closed
RFM
260
Royal Fund Management
Florida
-$87K -6,436 Closed
WAP
261
Wealthcare Advisory Partners
Pennsylvania
-$73K -5,401 Closed
1IA
262
1834 Investment Advisors
Wisconsin
-$51K -3,767 Closed
AA
263
Ancora Advisors
Ohio
-$37K -2,741 Closed
AIS
264
Accurate Investment Solutions
Pennsylvania
-$30K -2,218 Closed
AIC
265
Ameritas Investment Company
Nebraska
-$27K -2,095 Closed
AF
266
Allworth Financial
California
-$12K -917 Closed
TWA
267
TCI Wealth Advisors
Arizona
-$9K -683 Closed
EWM
268
EPG Wealth Management
Georgia
-$9K -638 Closed
SBL
269
Sargent Bickham Lagudis
Colorado
-$7K -500 Closed
SF
270
Synovus Financial
Georgia
-$4K -324 Closed
GI
271
Gradient Investments
Minnesota
-$1K -37 Closed

NEA Hedge Fund Activity: Q2 2020 in Review

237 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q2 2020, worth a combined $941M — up 6% from $887M a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of NEA and 19 opened new positions — a net loss of 15 holders — while 58 trimmed existing stakes and 75 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $36.2M. The largest seller was Karpus Investment Management, cutting an estimated $30.6M.

  • 237 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q2 2020, down from 256 in Q1 2020.
  • Funds reported $941M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q2 2020, up 6% quarter-over-quarter.
  • 19 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q2 2020 and 34 closed out, a net change of -15 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $36.2M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q2 2020 was Karpus Investment Management, an estimated $30.6M sold.

Based on aggregated 13F filings for Q2 2020.