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Nuveen AMT-Free Quality Municipal Income Fund
NEA

215 hedge funds and large institutions have $786M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 63 increasing their positions, 41 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 41

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

12% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 26

7% more capital invested

Capital invested by funds: $734M → $786M (+$51.7M)

0.22% less ownership

Funds ownership: 22.66% → 22.44% (-0.22%)

0% less funds holding

Funds holding: 216 → 215 (-1)

Holders
215
Holders Change
-1
Holders Change %
-0.46%
% of All Funds
4.65%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.13%
New
29
Increased
63
Reduced
41
Closed
26
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$10.5M
2
SIA
Sit Investment Associates
Minnesota
+$3.43M
3
PCP
Proficio Capital Partners
Massachusetts
+$2.47M
4
CC
Claybrook Capital
Massachusetts
+$2.38M
5
COLIM
City of London Investment Management
United Kingdom
+$2.04M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$14.8M
2
KIM
Karpus Investment Management
New York
-$6.72M
3
Wells Fargo
Wells Fargo
California
-$6.22M
4
LCM
Landscape Capital Management
New Jersey
-$3.08M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$2.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
JWA
26
JFS Wealth Advisors
Pennsylvania
$4.43M +$53.4K +4,105 +1%
DWM
27
Dakota Wealth Management
Florida
$4.32M -$215K -16,523 -5%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$4.14M +$253K +19,454 +7%
1832 Asset Management
29
1832 Asset Management
Ontario, Canada
$4.02M – – –
VCM
30
Vivaldi Capital Management
Illinois
$3.91M +$784K +60,291 +26%
DFG
31
Delphi Financial Group
Delaware
$3.69M +$1.64M +126,000 +84%
6M
32
6 Meridian
Kansas
$3.56M +$456K +35,115 +15%
BTS
33
BB&T Securities
Virginia
$3.44M +$124K +9,564 +4%
TW
34
TrinityPoint Wealth
Connecticut
$3.21M +$2.3K +177 +0.1%
AAM
35
Advisors Asset Management
Colorado
$2.93M -$138K -10,624 -5%
LCM
36
Landscape Capital Management
New Jersey
$2.93M -$3.08M -237,015 -52%
CIA
37
Capital Investment Advisors
Georgia
$2.85M +$853K +65,617 +44%
AG
38
Advisor Group
Arizona
$2.65M +$212K +16,289 +9%
PCP
39
Proficio Capital Partners
Massachusetts
$2.54M +$2.47M +190,218 New
CC
40
Claybrook Capital
Massachusetts
$2.46M +$2.38M +182,871 +12,594%
LPL Financial
41
LPL Financial
California
$2.42M +$328K +25,225 +16%
Ameriprise
42
Ameriprise
Minnesota
$2.4M +$108K +8,314 +5%
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$2.35M +$794K +61,090 +53%
HFA
44
Huber Financial Advisors
Illinois
$2.21M +$897 +69 +0%
IWA
45
IBEX Wealth Advisors
New Jersey
$2.2M +$1.51M +116,274 +240%
DLG
46
Daniel L. Goodwin
$2.01M – – –
EWM
47
Edge Wealth Management
New York
$1.94M – – –
Kovitz Investment Group Partners
48
Kovitz Investment Group Partners
Illinois
$1.85M +$1.8M +138,855 New
UCFA
49
United Capital Financial Advisors
Texas
$1.76M – – –
LTFS
50
Ladenburg Thalmann Financial Services
Florida
$1.7M +$167K +12,824 +11%
1
2
3 4 5

NEA Hedge Fund Activity: Q1 2019 in Review

215 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2019, worth a combined $786M — up 7% from $734M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new NEA positions and 26 closed out — a net gain of 3 holders — while 63 added to existing stakes and 41 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $10.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $14.8M.

  • 215 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2019, down from 216 in Q4 2018.
  • Funds reported $786M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2019, up 7% quarter-over-quarter.
  • 29 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2019 and 26 closed out, a net change of +3 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $10.5M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $14.8M sold.

Based on aggregated 13F filings for Q1 2019.