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Nuveen AMT-Free Quality Municipal Income Fund
NEA

283 hedge funds and large institutions have $913M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 89 increasing their positions, 88 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.66% more ownership

Funds ownership: 28.75% → 31.41% (+2.7%)

1% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 88

3% less capital invested

Capital invested by funds: $940M → $913M (-$27.3M)

2% less funds holding

Funds holding: 290 → 283 (-7)

10% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 29

11% less funds holding in top 10

Funds holding in top 10: 9 → 8 (-1)

Holders
283
Holders Change
-7
Holders Change %
-2.41%
% of All Funds
4.49%
Holding in Top 10
8
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-11.11%
% of All Funds
0.13%
New
26
Increased
89
Reduced
88
Closed
29
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$37.9M
2
RCM
Rivernorth Capital Management
Florida
+$34.7M
3
SCM
Saba Capital Management
New York
+$29.1M
4
LSC
Logan Stone Capital
Illinois
+$10.6M
5
PCM
PenderFund Capital Management
British Columbia, Canada
+$8.93M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$35.4M
2
MGAM
McGowan Group Asset Management
Texas
-$7.16M
3
DFG
Delphi Financial Group
Delaware
-$3.29M
4
PCM
Penserra Capital Management
California
-$3.23M
5
SIA
Sit Investment Associates
Minnesota
-$2.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$6.72M +$111K +10,538 +2%
Stifel Financial
27
Stifel Financial
Missouri
$6.19M +$806K +76,771 +14%
Truist Financial
28
Truist Financial
North Carolina
$6.12M +$279K +26,581 +4%
DWM
29
Dakota Wealth Management
Florida
$5.64M +$844K +80,338 +16%
BIA
30
Barry Investment Advisors
Massachusetts
$5.43M +$194K +18,469 +3%
CPC
31
Congress Park Capital
New York
$4.7M +$1.47M +140,000 +41%
Envestnet Asset Management
32
Envestnet Asset Management
Illinois
$4.48M +$684K +65,121 +16%
CIA
33
Capital Investment Advisors
Georgia
$4.29M +$62K +5,902 +1%
Osaic Holdings
34
Osaic Holdings
Arizona
$4.27M +$484K +46,111 +12%
EBWM
35
Eagle Bluffs Wealth Management
Missouri
$4.2M -$66.2K -6,308 -1%
Ameriprise
36
Ameriprise
Minnesota
$4.18M +$69.1K +6,579 +2%
AAM
37
Advisors Asset Management
Colorado
$4.14M +$450K +42,844 +11%
HKAM
38
Horizon Kinetics Asset Management
New York
$4.1M – – –
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$4M +$171K +16,251 +4%
AWA
40
Arete Wealth Advisors
Illinois
$3.99M +$262K +24,939 +6%
TIM
41
Tortoise Investment Management
New York
$3.34M -$295K -28,052 -8%
Baird Financial Group
42
Baird Financial Group
Wisconsin
$2.97M +$69.3K +6,596 +2%
Northwestern Mutual Wealth Management
43
Northwestern Mutual Wealth Management
Wisconsin
$2.88M -$189K -17,961 -6%
Cohen & Steers
44
Cohen & Steers
New York
$2.81M -$315K -30,000 -9%
LCM
45
Landscape Capital Management
New Jersey
$2.81M +$1.09M +103,434 +55%
CC
46
Claybrook Capital
Massachusetts
$2.41M – – –
JWA
47
JFS Wealth Advisors
Pennsylvania
$2.07M -$16.1K -1,532 -0.7%
ITIM
48
Indiana Trust & Investment Management
Indiana
$2.06M +$2.24M +213,000 New
Janney Montgomery Scott
49
Janney Montgomery Scott
Pennsylvania
$2.06M -$73.7K -7,019 -3%
CA
50
Cresta Advisors
Texas
$2.05M – – –
1
2
3 4 5

NEA Hedge Fund Activity: Q3 2023 in Review

283 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2023, worth a combined $913M — down 2.9% from $940M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of NEA and 26 opened new positions — a net loss of 3 holders — while 88 trimmed existing stakes and 89 added.

The largest buyer was Karpus Investment Management, adding an estimated $37.9M. The largest seller was Morgan Stanley, cutting an estimated $35.4M.

  • 283 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2023, down from 290 in Q2 2023.
  • Funds reported $913M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2023, down 2.9% quarter-over-quarter.
  • 26 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2023 and 29 closed out, a net change of -3 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2023 was Karpus Investment Management, an estimated $37.9M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2023 was Morgan Stanley, an estimated $35.4M sold.

Based on aggregated 13F filings for Q3 2023.