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Nuveen AMT-Free Quality Municipal Income Fund
NEA

256 hedge funds and large institutions have $887M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 81 increasing their positions, 61 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 27

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

33% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 61

4% more funds holding

Funds holding: 247 → 256 (+9)

1.48% more ownership

Funds ownership: 22.06% → 23.54% (+1.5%)

0% more capital invested

Capital invested by funds: $885M → $887M (+$2.13M)

Holders
256
Holders Change
+9
Holders Change %
+3.64%
% of All Funds
5.64%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.15%
New
39
Increased
81
Reduced
61
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
Bramshill Investments
Florida
+$22.9M
2
KIM
Karpus Investment Management
New York
+$19.3M
3
Wells Fargo
Wells Fargo
California
+$18.3M
4
JP Morgan Chase
JP Morgan Chase
New York
+$5.78M
5
SW
SlateStone Wealth
Florida
+$5.02M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$20.2M
2
RCM
Robinson Capital Management
Michigan
-$6.56M
3
1CP
1607 Capital Partners
Virginia
-$5.44M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$4.51M
5
UBS Group
UBS Group
Switzerland
-$4.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCM
26
PenderFund Capital Management
British Columbia, Canada
$5.72M +$4.27M +300,000 New
JP Morgan Chase
27
JP Morgan Chase
New York
$5.56M +$5.78M +406,148 +9,441%
GCP
28
Gill Capital Partners
Colorado
$5.49M +$5.76M +405,083 New
RJFSA
29
Raymond James Financial Services Advisors
Florida
$5.39M -$357K -25,096 -6%
Truist Financial
30
Truist Financial
North Carolina
$5.35M +$397K +27,898 +8%
VCM
31
Vivaldi Capital Management
Illinois
$5.02M +$2.68M +188,415 +103%
DWM
32
Dakota Wealth Management
Florida
$5M +$1.15M +80,650 +28%
Osaic Holdings
33
Osaic Holdings
Arizona
$4.98M +$5.82M +408,782 New
SW
34
SlateStone Wealth
Florida
$4.78M +$5.02M +352,942 New
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$4.75M -$155K -10,866 -3%
JWA
36
JFS Wealth Advisors
Pennsylvania
$4.56M +$8.89K +625 +0.2%
LPL Financial
37
LPL Financial
California
$3.82M +$1.26M +88,255 +45%
Ameriprise
38
Ameriprise
Minnesota
$3.52M +$101K +7,078 +3%
IWA
39
IBEX Wealth Advisors
New Jersey
$3.45M +$722K +50,720 +25%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$3.28M -$174K -12,239 -5%
AAM
41
Advisors Asset Management
Colorado
$3.27M -$96.4K -6,773 -3%
TW
42
TrinityPoint Wealth
Connecticut
$3.21M +$74.6K +5,243 +2%
CIA
43
Capital Investment Advisors
Georgia
$2.82M -$43.8K -3,076 -1%
CAM
44
Cresset Asset Management
Illinois
$2.56M +$1.27M +89,455 +90%
EWM
45
Edge Wealth Management
New York
$2.51M +$2.62M +184,155 New
CC
46
Claybrook Capital
Massachusetts
$2.5M – – –
6M
47
6 Meridian
Kansas
$2.4M -$1.43M -100,755 -36%
1832 Asset Management
48
1832 Asset Management
Ontario, Canada
$2.3M – – –
WCMNY
49
Westchester Capital Management (New York)
New York
$2.28M – – –
Invesco
50
Invesco
Georgia
$2.27M +$653K +45,892 +38%
1
2
3 4 5

NEA Hedge Fund Activity: Q1 2020 in Review

256 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2020, worth a combined $887M — up 0.24% from $885M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new NEA positions and 27 closed out — a net gain of 12 holders — while 81 added to existing stakes and 61 trimmed.

The largest buyer was Bramshill Investments, opening a new position worth an estimated $22.9M. The largest seller was Rivernorth Capital Management, cutting an estimated $20.2M.

  • 256 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2020, up from 247 in Q4 2019.
  • Funds reported $887M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2020, up 0.24% quarter-over-quarter.
  • 39 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2020 and 27 closed out, a net change of +12 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2020 was Bramshill Investments, an estimated $22.9M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2020 was Rivernorth Capital Management, an estimated $20.2M sold.

Based on aggregated 13F filings for Q1 2020.