Nuveen AMT-Free Quality Municipal Income Fund
219 hedge funds and large institutions have $768M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 76 increasing their positions, 50 reducing their positions, and 19 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 50
42% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 19
3% more funds holding
Funds holding: 212 → 219 (+7)
0.04% less ownership
Funds ownership: 22.51% → 22.47% (-0.04%)
1% less capital invested
Capital invested by funds: $773M → $768M (-$5.1M)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$36.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$29.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$8.22M |
| 4 |
Morgan Stanley
New York
|
+$5.89M |
| 5 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$2.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$69.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$17.9M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$3.75M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$3.09M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.07M |
NEA Hedge Fund Activity: Q3 2019 in Review
219 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2019, worth a combined $768M — down 0.66% from $773M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new NEA positions and 19 closed out — a net gain of 8 holders — while 76 added to existing stakes and 50 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $36.3M. The largest seller was Karpus Investment Management, cutting an estimated $69.1M.
- 219 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2019, up from 212 in Q2 2019.
- Funds reported $768M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2019, down 0.66% quarter-over-quarter.
- 27 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2019 and 19 closed out, a net change of +8 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2019 was Guggenheim Capital, an estimated $36.3M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2019 was Karpus Investment Management, an estimated $69.1M sold.
Based on aggregated 13F filings for Q3 2019.