Nuveen AMT-Free Quality Municipal Income Fund
308 hedge funds and large institutions have $1.22B invested in Nuveen AMT-Free Quality Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 83 increasing their positions, 91 reducing their positions, and 27 closing their positions.
111% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 27
33% more capital invested
Capital invested by funds: $913M → $1.22B (+$304M)
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
9% more funds holding
Funds holding: 283 → 308 (+25)
5.48% more ownership
Funds ownership: 31.41% → 36.89% (+5.5%)
9% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 91
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$117M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$30.7M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$9.18M |
| 4 |
SCM
Saba Capital Management
New York
|
+$9.01M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$6.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$28.5M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$6.67M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.28M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$2.65M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$2.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SA
326
Strategic Advisors
New York
| – | -$105K | -10,884 | Closed |
|
|
PWPS
327
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| – | -$102K | -10,516 | Closed |
|
|
LCM
328
Leisure Capital Management
Costa Mesa,
California
| – | -$99.2K | -10,248 | Closed |
|
|
S
329
SignatureFD
Atlanta,
Georgia
| – | -$92.8K | -9,582 | Closed |
|
|
CFB
330
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$74.2K | -7,668 | Closed |
|
|
FIA
331
FNY Investment Advisers
New York
| – | -$42K | -4,400 | Closed |
|
|
CSPIA
332
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$33.7K | -3,481 | Closed |
|
|
RAM
333
Riggs Asset Management
Dallas,
Pennsylvania
| – | -$28.1K | -2,906 | Closed |
|
|
PFA
334
Pathway Financial Advisers
Auburn,
Indiana
| – | -$18K | -1,858 | Closed |
|
|
MM
335
Main Management
San Francisco,
California
| – | -$10K | -1,000 | Closed |
|
336
JP Morgan Chase
New York
| – | -$6.09K | -629 | Closed |
|
|
WT
337
Whittier Trust
South Pasadena,
California
| – | -$968 | -100 | Closed |
|
NEA Hedge Fund Activity: Q4 2023 in Review
308 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2023, worth a combined $1.22B — up 33% from $913M a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new NEA positions and 27 closed out — a net gain of 30 holders — while 83 added to existing stakes and 91 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $117M. The largest seller was Rivernorth Capital Management, cutting an estimated $28.5M.
- 308 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2023, up from 283 in Q3 2023.
- Funds reported $1.22B of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2023, up 33% quarter-over-quarter.
- 57 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2023 and 27 closed out, a net change of +30 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $117M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $28.5M sold.
Based on aggregated 13F filings for Q4 2023.