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Nuveen AMT-Free Quality Municipal Income Fund
NEA

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: 256 → 237 (-19)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-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
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$36.2M
2
BI
Bramshill Investments
Florida
+$17.4M
3
BlackRock
BlackRock
New York
+$17.1M
4
GC
Guggenheim Capital
Illinois
+$16.1M
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$4.73M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$30.6M
2
OA
Oxbow Advisors
Texas
-$8.14M
3
Wells Fargo
Wells Fargo
California
-$7.24M
4
Morgan Stanley
Morgan Stanley
New York
-$6.01M
5
Stifel Financial
Stifel Financial
Missouri
-$4.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAM
51
Cresset Asset Management
Illinois
$2.49M -$137K -10,165 -5%
WCMNY
52
Westchester Capital Management (New York)
New York
$2.35M – – –
1832 Asset Management
53
1832 Asset Management
Ontario, Canada
$2.32M – – –
UCFA
54
United Capital Financial Advisors
Texas
$2.31M +$169K +12,498 +8%
SC
55
Savant Capital
Illinois
$2.31M +$973 +72 +0%
PNC Financial Services Group
56
PNC Financial Services Group
Pennsylvania
$2.29M -$1.05M -77,399 -32%
SCA
57
Stonebridge Capital Advisors
Minnesota
$1.9M – – –
DLG
58
Daniel L. Goodwin
$1.88M -$203K -15,000 -10%
Cambridge Investment Research Advisors
59
Cambridge Investment Research Advisors
Iowa
$1.86M +$75.8K +5,611 +4%
WAOTB
60
Wealth Advisors of Tampa Bay
Florida
$1.85M +$1.05M +77,505 +140%
FM
61
Family Management
New York
$1.55M -$754K -55,748 -33%
JWM
62
Jupiter Wealth Management
Colorado
$1.51M +$40.5K +3,000 +3%
CIBC Private Wealth Group
63
CIBC Private Wealth Group
Georgia
$1.48M +$12.6K +929 +0.9%
SFG
64
StrategIQ Financial Group
Indiana
$1.47M -$9.73K -720 -0.7%
EW
65
Evoke Wealth
California
$1.31M +$290K +21,460 +30%
First Trust Advisors
66
First Trust Advisors
Illinois
$1.29M +$1.54K +114 +0.1%
Creative Planning
67
Creative Planning
Kansas
$1.27M -$144K -10,634 -10%
STA
68
Summit Trail Advisors
New York
$1.23M +$1.19M +88,187 New
SFWA
69
Summit Financial Wealth Advisors
Louisiana
$1.16M +$43.3K +3,200 +4%
DADC
70
D.A. Davidson & Co
Montana
$1.16M +$289K +21,391 +35%
RJT
71
Raymond James Trust
Florida
$1.09M -$17K -1,255 -2%
WTC
72
WhitTier Trust Company
Nevada
$1.06M -$57.1K -4,226 -5%
NL
73
NWAM LLC
Washington
$933K – – –
AWA
74
Arete Wealth Advisors
Illinois
$876K -$30.6K -2,261 -3%
PAS
75
Park Avenue Securities
New York
$876K +$852K +63,004 New
1 2
3
4 5

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.