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Nuveen AMT-Free Quality Municipal Income Fund

85 hedge funds and large institutions have $94.9M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 25 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.42% less ownership

Funds ownership: 9.79%8.37% (-1.4%)

10% less funds holding

Funds holding: 9485 (-9)

12% less capital invested

Capital invested by funds: $108M → $94.9M (-$12.8M)

16% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 25

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
85
Holders Change
-9
Holders Change %
-9.57%
% of All Funds
2.26%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
6
Increased
21
Reduced
25
Closed
14
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
TCM
26
Tradewinds Capital Management
Washington
$647K
Northwestern Mutual Wealth Management
27
Northwestern Mutual Wealth Management
Wisconsin
$631K -$8.77K -629 -1%
BTS
28
BB&T Securities
Virginia
$630K -$71.1K -5,100 -10%
SFWA
29
Summit Financial Wealth Advisors
Louisiana
$630K +$76.7K +5,500 +14%
CCWA
30
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$578K -$21.1K -1,516 -4%
NL
31
NWAM LLC
Washington
$571K +$124K +8,900 +28%
RJA
32
Raymond James & Associates
Florida
$562K +$158K +11,360 +40%
KIM
33
Karpus Investment Management
New York
$539K -$16.7K -1,200 -3%
GEM
34
Global Endowment Management
North Carolina
$495K -$162K -11,623 -25%
VFS
35
VSR Financial Services
Kansas
$443K +$42.7K +3,059 +11%
LCM
36
Landscape Capital Management
New Jersey
$426K -$987K -70,757 -70%
SPC
37
Sigma Planning Corp
Michigan
$409K -$6.08K -436 -1%
Lazard Asset Management
38
Lazard Asset Management
New York
$386K
IAA
39
Ironsides Asset Advisors
North Carolina
$369K -$41.8K -3,000 -10%
Ameriprise
40
Ameriprise
Minnesota
$335K +$11.6K +832 +4%
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$289K -$2.3M -165,209 -89%
RBC
42
Roble Belko & Company
Pennsylvania
$275K
RCM
43
Robinson Capital Management
Michigan
$254K -$71.1K -5,100 -22%
CWM
44
Concert Wealth Management
California
$254K
RJT
45
Raymond James Trust
Florida
$246K
OIA
46
Optimum Investment Advisors
Illinois
$242K
NFG
47
Nations Financial Group
Iowa
$190K +$1.66K +119 +0.9%
FUBT
48
First United Bank & Trust
Maryland
$181K
BRF
49
B. Riley Financial
California
$178K
Fifth Third Bancorp
50
Fifth Third Bancorp
Ohio
$175K

NEA Hedge Fund Activity: Q1 2016 in Review

85 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2016, worth a combined $94.9M — down 12% from $108M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of NEA and 6 opened new positions — a net loss of 8 holders — while 25 trimmed existing stakes and 21 added.

The largest buyer was VanEck Associates, adding an estimated $711K. The largest seller was McGowan Group Asset Management, exiting entirely with an estimated $4.85M sold.

  • 85 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2016, down from 94 in Q4 2015.
  • Funds reported $94.9M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2016, down 12% quarter-over-quarter.
  • 6 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2016 and 14 closed out, a net change of -8 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2016 was VanEck Associates, an estimated $711K added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2016 was McGowan Group Asset Management, an estimated $4.85M sold.

Based on aggregated 13F filings for Q1 2016.