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Nuveen AMT-Free Quality Municipal Income Fund
NEA

76 hedge funds and large institutions have $90.8M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2014 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 3

17% more funds holding

Funds holding: 65 → 76 (+11)

0.3% less ownership

Funds ownership: 8.45% → 8.15% (-0.3%)

2% less capital invested

Capital invested by funds: $92.7M → $90.8M (-$1.89M)

5% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 19

Holders
76
Holders Change
+11
Holders Change %
+16.92%
% of All Funds
2.03%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
18
Reduced
19
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$920K
2
JWA
JFS Wealth Advisors
Pennsylvania
+$751K
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$746K
4
OA
Oxbow Advisors
Texas
+$625K
5
Wells Fargo
Wells Fargo
California
+$347K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$11.8M
2
HK
Horizon Kinetics
New York
-$441K
3
HighTower Advisors
HighTower Advisors
Illinois
-$211K
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$194K
5
LPL Financial
LPL Financial
California
-$189K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
26
Karpus Investment Management
New York
$569K -$11.8M -865,420 -95%
B
27
Baird
Wisconsin
$551K +$30.7K +2,247 +6%
PAG
28
Private Advisor Group
New Jersey
$459K -$9.95K -728 -2%
ACM
29
Alethea Capital Management
Washington
$458K +$453K +33,163 New
Creative Planning
30
Creative Planning
Kansas
$412K +$12.1K +883 +3%
IAA
31
Ironsides Asset Advisors
North Carolina
$401K – – –
Lazard Asset Management
32
Lazard Asset Management
New York
$375K – – –
VFS
33
VSR Financial Services
Kansas
$364K -$61.1K -4,473 -15%
LCM
34
Landscape Capital Management
New Jersey
$353K -$98.8K -7,233 -22%
GBA
35
Garrison Bradford & Associates
New York
$345K – – –
HK
36
Horizon Kinetics
New York
$327K -$441K -32,264 -58%
SPC
37
Sigma Planning Corp
Michigan
$312K +$309K +22,581 New
CWM
38
Concert Wealth Management
California
$308K +$60.3K +4,414 +25%
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$302K -$194K -14,231 -39%
RJT
40
Raymond James Trust
Florida
$251K -$63.6K -4,655 -20%
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$227K +$99.7K +7,294 +80%
ACM
42
Argentus Capital Management
Texas
$188K – – –
ICAS
43
Investors Capital Advisory Services
Massachusetts
$186K – – –
Fifth Third Bancorp
44
Fifth Third Bancorp
Ohio
$176K – – –
FUBT
45
First United Bank & Trust
Maryland
$176K – – –
SS
46
Sunbelt Securities
Texas
$167K +$166K +12,114 New
Stifel Financial
47
Stifel Financial
Missouri
$162K +$160K +11,693 New
HCM
48
Hollencrest Capital Management
California
$150K – – –
MFS
49
MSI Financial Services
Massachusetts
$149K +$75.2K +5,502 +104%
DCM
50
Donaldson Capital Management
Indiana
$138K +$137K +10,000 New
1
2
3 4

NEA Hedge Fund Activity: Q4 2014 in Review

76 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2014, worth a combined $90.8M — down 2% from $92.7M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new NEA positions and 3 closed out — a net gain of 12 holders — while 18 added to existing stakes and 19 trimmed.

The largest buyer was Ameriprise, adding an estimated $920K. The largest seller was Karpus Investment Management, cutting an estimated $11.8M.

  • 76 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2014, up from 65 in Q3 2014.
  • Funds reported $90.8M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2014, down 2% quarter-over-quarter.
  • 15 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2014 and 3 closed out, a net change of +12 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2014 was Ameriprise, an estimated $920K added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2014 was Karpus Investment Management, an estimated $11.8M sold.

Based on aggregated 13F filings for Q4 2014.