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Nuveen AMT-Free Quality Municipal Income Fund
NEA

173 hedge funds and large institutions have $436M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 45 increasing their positions, 48 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

30% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 23

3% more funds holding

Funds holding: 168 → 173 (+5)

1.32% more ownership

Funds ownership: 11.12% → 12.44% (+1.3%)

2% more capital invested

Capital invested by funds: $429M → $436M (+$7.55M)

6% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 48

Holders
173
Holders Change
+5
Holders Change %
+2.98%
% of All Funds
4.33%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.1%
New
30
Increased
45
Reduced
48
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$41.1M
2
Wells Fargo
Wells Fargo
California
+$17.7M
3
HighTower Advisors
HighTower Advisors
Illinois
+$4.66M
4
LCM
Landscape Capital Management
New Jersey
+$2.56M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$2.16M

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$8.11M
2
Morgan Stanley
Morgan Stanley
New York
-$4.57M
3
KIM
Karpus Investment Management
New York
-$3.17M
4
GC
Guggenheim Capital
Illinois
-$2.95M
5
VanEck Associates
VanEck Associates
New York
-$2.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$3.73M -$406K -30,041 -10%
LCM
27
Landscape Capital Management
New Jersey
$2.95M +$2.56M +189,742 +598%
TCM
28
Tradewinds Capital Management
Washington
$2.21M +$312K +23,089 +16%
CCWA
29
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$2.17M -$62.1K -4,597 -3%
Cohen & Steers
30
Cohen & Steers
New York
$2.13M +$1.52M +112,689 +239%
BTS
31
BB&T Securities
Virginia
$2.11M – – –
NCMW
32
Northern Capital Management (Wisconsin)
Wisconsin
$2.08M -$231K -17,056 -10%
CIA
33
Capital Investment Advisors
Georgia
$2.07M -$261K -19,280 -11%
DLG
34
Daniel L. Goodwin
$2.01M – – –
RJFSA
35
Raymond James Financial Services Advisors
Florida
$1.9M +$120K +8,874 +7%
NPC
36
National Planning Corporation
California
$1.68M -$97.3K -7,200 -5%
First Trust Advisors
37
First Trust Advisors
Illinois
$1.55M +$67.5K +4,993 +5%
Northwestern Mutual Wealth Management
38
Northwestern Mutual Wealth Management
Wisconsin
$1.55M +$1.57M +115,981 New
VC
39
Vicus Capital
Pennsylvania
$1.52M +$362K +26,793 +31%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$1.49M -$628K -46,488 -29%
SAM
41
Shamrock Asset Management
Texas
$1.35M -$25.6K -1,893 -2%
VKH
42
Virtu KCG Holdings
New York
$1.34M +$1.36M +100,650 New
Public Sector Pension Investment Board (PSP Investments)
43
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.33M +$1.35M +100,000 New
Creative Planning
44
Creative Planning
Kansas
$1.33M +$279K +20,654 +26%
Fifth Third Bancorp
45
Fifth Third Bancorp
Ohio
$1.26M +$82.8K +6,127 +7%
NL
46
NWAM LLC
Washington
$1.16M – – –
BFEC
47
Benjamin F. Edwards & Company
Missouri
$1.12M +$92.2K +6,821 +9%
Janney Montgomery Scott
48
Janney Montgomery Scott
Pennsylvania
$1.1M +$12.9K +958 +1%
RJT
49
Raymond James Trust
Florida
$1.1M +$130K +9,609 +13%
SFWA
50
Summit Financial Wealth Advisors
Louisiana
$1.06M +$250K +18,500 +30%
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NEA Hedge Fund Activity: Q4 2016 in Review

173 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2016, worth a combined $436M — up 1.8% from $429M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new NEA positions and 23 closed out — a net gain of 7 holders — while 45 added to existing stakes and 48 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $41.1M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $8.11M sold.

  • 173 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2016, up from 168 in Q3 2016.
  • Funds reported $436M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2016, up 1.8% quarter-over-quarter.
  • 30 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2016 and 23 closed out, a net change of +7 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2016 was Rivernorth Capital Management, an estimated $41.1M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2016 was Laurion Capital Management, an estimated $8.11M sold.

Based on aggregated 13F filings for Q4 2016.