Nuveen AMT-Free Quality Municipal Income Fund
318 hedge funds and large institutions have $832M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2025 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 112 increasing their positions, 92 reducing their positions, and 35 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 92
6% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 35
2% less funds holding
Funds holding: 324 → 318 (-6)
3.19% less ownership
Funds ownership: 28.03% → 24.84% (-3.2%)
12% less capital invested
Capital invested by funds: $947M → $832M (-$115M)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.34M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$6.89M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$4.05M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.85M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$52.6M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$18.1M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
-$15.7M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$8.14M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$6.49M |
NEA Hedge Fund Activity: Q1 2025 in Review
318 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2025, worth a combined $832M — down 12% from $947M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of NEA and 33 opened new positions — a net loss of 2 holders — while 92 trimmed existing stakes and 112 added.
The largest buyer was Morgan Stanley, adding an estimated $7.34M. The largest seller was Karpus Investment Management, cutting an estimated $52.6M.
- 318 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2025, down from 324 in Q4 2024.
- Funds reported $832M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2025, down 12% quarter-over-quarter.
- 33 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2025 and 35 closed out, a net change of -2 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2025 was Morgan Stanley, an estimated $7.34M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2025 was Karpus Investment Management, an estimated $52.6M sold.
Based on aggregated 13F filings for Q1 2025.