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Nuveen AMT-Free Quality Municipal Income Fund

237 hedge funds and large institutions have $941M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 75 increasing their positions, 58 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 58

6% more capital invested

Capital invested by funds: $887M → $941M (+$53.5M)

0.74% more ownership

Funds ownership: 23.54%24.29% (+0.74%)

7% less funds holding

Funds holding: 256237 (-19)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

44% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 34

Holders
237
Holders Change
-19
Holders Change %
-7.42%
% of All Funds
4.86%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.12%
New
19
Increased
75
Reduced
58
Closed
34
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
VCM
26
Vivaldi Capital Management
Illinois
$6.02M +$529K +39,155 +11%
Rockefeller Capital Management
27
Rockefeller Capital Management
New York
$5.86M +$4.73M +350,206 +492%
Cohen & Steers
28
Cohen & Steers
New York
$5.85M -$687K -50,832 -11%
Northwestern Mutual Wealth Management
29
Northwestern Mutual Wealth Management
Wisconsin
$5.83M +$920K +68,050 +19%
GCP
30
Gill Capital Partners
Colorado
$5.71M +$107K +7,919 +2%
JP Morgan Chase
31
JP Morgan Chase
New York
$5.71M
LPL Financial
32
LPL Financial
California
$5.7M +$1.72M +127,364 +45%
CPC
33
Congress Park Capital
New York
$5.63M -$1.18M -86,981 -18%
SW
34
SlateStone Wealth
Florida
$5.54M +$620K +45,845 +13%
JWA
35
JFS Wealth Advisors
Pennsylvania
$5.14M +$445K +32,903 +10%
Osaic Holdings
36
Osaic Holdings
Arizona
$4.55M -$1.1M -81,334 -20%
DWM
37
Dakota Wealth Management
Florida
$4.41M -$705K -52,141 -14%
Ameriprise
38
Ameriprise
Minnesota
$4.19M +$558K +41,316 +16%
Truist Financial
39
Truist Financial
North Carolina
$3.93M -$1.52M -112,461 -28%
PCM
40
PenderFund Capital Management
British Columbia, Canada
$3.77M -$1.35M -100,000 -33%
IWA
41
IBEX Wealth Advisors
New Jersey
$3.72M +$182K +13,446 +5%
TW
42
TrinityPoint Wealth
Connecticut
$3.65M +$337K +24,920 +10%
6M
43
6 Meridian
Kansas
$3.44M +$956K +70,747 +40%
AAM
44
Advisors Asset Management
Colorado
$3.37M +$3.69K +273 +0.1%
CCWA
45
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$3.24M +$3.15M +233,022 New
CIA
46
Capital Investment Advisors
Georgia
$2.88M -$7.2K -533 -0.3%
Invesco
47
Invesco
Georgia
$2.65M +$313K +23,185 +14%
Baird Financial Group
48
Baird Financial Group
Wisconsin
$2.61M +$1.26M +93,131 +98%
Janney Montgomery Scott
49
Janney Montgomery Scott
Pennsylvania
$2.58M +$272K +20,119 +12%
CC
50
Claybrook Capital
Massachusetts
$2.56M

NEA Hedge Fund Activity: Q2 2020 in Review

237 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q2 2020, worth a combined $941M — up 6% from $887M a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of NEA and 19 opened new positions — a net loss of 15 holders — while 58 trimmed existing stakes and 75 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $36.2M. The largest seller was Karpus Investment Management, cutting an estimated $30.6M.

  • 237 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q2 2020, down from 256 in Q1 2020.
  • Funds reported $941M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q2 2020, up 6% quarter-over-quarter.
  • 19 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q2 2020 and 34 closed out, a net change of -15 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $36.2M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q2 2020 was Karpus Investment Management, an estimated $30.6M sold.

Based on aggregated 13F filings for Q2 2020.