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Nuveen AMT-Free Quality Municipal Income Fund

216 hedge funds and large institutions have $734M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 58 increasing their positions, 53 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 34

11% more capital invested

Capital invested by funds: $659M → $734M (+$75M)

3.45% more ownership

Funds ownership: 19.21%22.66% (+3.4%)

1% more funds holding

Funds holding: 213216 (+3)

9% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 53

17% less funds holding in top 10

Funds holding in top 10: 65 (-1)

Holders
216
Holders Change
+3
Holders Change %
+1.41%
% of All Funds
4.81%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.11%
New
40
Increased
58
Reduced
53
Closed
34
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Northwestern Mutual Wealth Management
51
Northwestern Mutual Wealth Management
Wisconsin
$1.41M +$509K +41,512 +57%
LTFS
52
Ladenburg Thalmann Financial Services
Florida
$1.41M +$420K +34,254 +43%
Cambridge Investment Research Advisors
53
Cambridge Investment Research Advisors
Iowa
$1.36M +$12 +1 +0%
Creative Planning
54
Creative Planning
Kansas
$1.35M +$174K +14,201 +15%
TCM
55
Tradewinds Capital Management
Washington
$1.34M -$315K -25,688 -19%
IWM
56
IHT Wealth Management
Illinois
$1.27M +$966K +78,743 +319%
AA
57
AQR Arbitrage
Connecticut
$1.25M +$940K +76,612 +305%
CCWA
58
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$1.24M
SFG
59
StrategIQ Financial Group
Indiana
$1.17M
Janney Montgomery Scott
60
Janney Montgomery Scott
Pennsylvania
$1.1M -$409K -33,382 -27%
RJT
61
Raymond James Trust
Florida
$1.06M +$28.4K +2,318 +3%
G
62
GenTrust
Florida
$1.02M +$1.02M +82,823 New
CIBC Private Wealth Group
63
CIBC Private Wealth Group
Georgia
$999K +$996K +81,171 New
WTC
64
WhitTier Trust Company
Nevada
$933K
SFWA
65
Summit Financial Wealth Advisors
Louisiana
$931K -$56.5K -4,603 -6%
BFA
66
Beaumont Financial Advisors
Massachusetts
$908K -$7.49K -611 -0.8%
Fifth Third Bancorp
67
Fifth Third Bancorp
Ohio
$866K
NL
68
NWAM LLC
Washington
$853K -$228K -18,571 -21%
UR
69
USCA RIA
Texas
$793K +$61.1K +4,980 +8%
ICA
70
Infrastructure Capital Advisors
New York
$791K
FCH
71
Freestone Capital Holdings
Washington
$790K +$787K +64,184 New
AWA
72
Arete Wealth Advisors
Illinois
$782K -$14.8K -1,210 -2%
LFPWM
73
Leicht Financial Planning & Wealth Management
New Jersey
$761K +$125K +10,189 +20%
MAFM
74
Mid Atlantic Financial Management
Pennsylvania
$725K +$723K +58,930 New
FFA
75
First Foundation Advisors
California
$708K -$964K -78,606 -58%

NEA Hedge Fund Activity: Q4 2018 in Review

216 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2018, worth a combined $734M — up 11% from $659M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new NEA positions and 34 closed out — a net gain of 6 holders — while 58 added to existing stakes and 53 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $76M. The largest seller was UBS Group, cutting an estimated $14.3M.

  • 216 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2018, up from 213 in Q3 2018.
  • Funds reported $734M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2018, up 11% quarter-over-quarter.
  • 40 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2018 and 34 closed out, a net change of +6 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2018 was Karpus Investment Management, an estimated $76M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2018 was UBS Group, an estimated $14.3M sold.

Based on aggregated 13F filings for Q4 2018.