Nuveen AMT-Free Quality Municipal Income Fund
290 hedge funds and large institutions have $692M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2022 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 95 increasing their positions, 74 reducing their positions, and 39 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 74
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
0.44% less ownership
Funds ownership: 22.3% → 21.86% (-0.44%)
5% less funds holding
Funds holding: 305 → 290 (-15)
12% less capital invested
Capital invested by funds: $783M → $692M (-$91.1M)
33% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$22M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.38M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$5.85M |
| 4 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$5.77M |
| 5 |
BIA
Barry Investment Advisors
New Bedford,
Massachusetts
|
+$5.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$32.8M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
-$11.6M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$10.4M |
| 4 |
V
Veritable
Wilmington,
Delaware
|
-$10.3M |
| 5 |
Goldman Sachs
New York
|
-$9.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CI
326
CX Institutional
Auburn,
Indiana
| – | -$6K | -485 | Closed |
|
327
JP Morgan Chase
New York
| – | -$5K | -424 | Closed |
|
|
BWM
328
Baystate Wealth Management
Boston,
Massachusetts
| – | -$3K | -228 | Closed |
|
329
Fidelity Investments
Boston,
Massachusetts
| – | +$12 | +1 | New |
|
NEA Hedge Fund Activity: Q3 2022 in Review
290 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2022, worth a combined $692M — down 12% from $783M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of NEA and 26 opened new positions — a net loss of 13 holders — while 74 trimmed existing stakes and 95 added.
The largest buyer was Sit Investment Associates, adding an estimated $22M. The largest seller was Rivernorth Capital Management, cutting an estimated $32.8M.
- 290 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2022, down from 305 in Q2 2022.
- Funds reported $692M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2022, down 12% quarter-over-quarter.
- 26 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2022 and 39 closed out, a net change of -13 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2022 was Sit Investment Associates, an estimated $22M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2022 was Rivernorth Capital Management, an estimated $32.8M sold.
Based on aggregated 13F filings for Q3 2022.