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Nuveen AMT-Free Quality Municipal Income Fund
NEA

308 hedge funds and large institutions have $1.22B invested in Nuveen AMT-Free Quality Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 83 increasing their positions, 91 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 27

33% more capital invested

Capital invested by funds: $913M → $1.22B (+$304M)

25% more funds holding in top 10

Funds holding in top 10: 8 → 10 (+2)

9% more funds holding

Funds holding: 283 → 308 (+25)

5.48% more ownership

Funds ownership: 31.41% → 36.89% (+5.5%)

9% less repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 91

Holders
308
Holders Change
+25
Holders Change %
+8.83%
% of All Funds
4.49%
Holding in Top 10
10
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+25%
% of All Funds
0.15%
New
57
Increased
83
Reduced
91
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$117M
2
KIM
Karpus Investment Management
New York
+$30.7M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$9.18M
4
SCM
Saba Capital Management
New York
+$9.01M
5
LSC
Logan Stone Capital
Illinois
+$6.21M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$28.5M
2
SIA
Sit Investment Associates
Minnesota
-$6.67M
3
RJFSA
Raymond James Financial Services Advisors
Florida
-$4.28M
4
UBS Group
UBS Group
Switzerland
-$2.65M
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$2.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
FCH
51
Freestone Capital Holdings
Washington
$2.87M +$2.66M +260,960 New
Lido Advisors
52
Lido Advisors
California
$2.77M +$2.57M +252,135 New
CC
53
Centiva Capital
New York
$2.64M +$2.45M +239,798 New
PAS
54
Park Avenue Securities
New York
$2.35M +$531K +51,993 +32%
ITIM
55
Indiana Trust & Investment Management
Indiana
$2.34M – – –
CA
56
Cresta Advisors
Texas
$2.33M – – –
MPW
57
Melone Private Wealth
Michigan
$2.23M +$35.5K +3,477 +2%
KAS
58
Kestra Advisory Services
Texas
$2.11M +$185K +18,091 +10%
Janney Montgomery Scott
59
Janney Montgomery Scott
Pennsylvania
$2.1M -$222K -21,754 -10%
MFG
60
Merit Financial Group
Georgia
$2.04M +$1.89M +185,149 New
GP
61
Gridiron Partners
Pennsylvania
$1.92M +$1.78M +174,878 New
RIL
62
Rothschild Investment LLC
Illinois
$1.83M +$1.7M +166,524 New
SC
63
Savant Capital
Illinois
$1.82M +$36.9K +3,613 +2%
JWM
64
Jupiter Wealth Management
Colorado
$1.74M – – –
Cambridge Investment Research Advisors
65
Cambridge Investment Research Advisors
Iowa
$1.7M -$88.2K -8,642 -5%
NA
66
NewEdge Advisors
Louisiana
$1.7M +$360K +35,284 +30%
WAM
67
Wakefield Asset Management
Colorado
$1.69M +$3.78K +370 +0.2%
RP
68
Riverbridge Partners
Minnesota
$1.64M +$14.1K +1,377 +0.9%
TWP
69
Tyche Wealth Partners
Texas
$1.62M +$1.5M +147,188 New
CCWA
70
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$1.5M -$263K -25,785 -16%
PFA
71
Petra Financial Advisors
Colorado
$1.44M -$30.3K -2,972 -2%
Invesco
72
Invesco
Georgia
$1.43M +$229K +22,431 +21%
CAM
73
Cresset Asset Management
Illinois
$1.4M -$749K -73,422 -37%
TW
74
TrinityPoint Wealth
Connecticut
$1.32M -$200K -19,622 -14%
WAM
75
Weiss Asset Management
Massachusetts
$1.31M +$1.22M +119,066 New
1 2
3
4 5

NEA Hedge Fund Activity: Q4 2023 in Review

308 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2023, worth a combined $1.22B — up 33% from $913M a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new NEA positions and 27 closed out — a net gain of 30 holders — while 83 added to existing stakes and 91 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $117M. The largest seller was Rivernorth Capital Management, cutting an estimated $28.5M.

  • 308 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2023, up from 283 in Q3 2023.
  • Funds reported $1.22B of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2023, up 33% quarter-over-quarter.
  • 57 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2023 and 27 closed out, a net change of +30 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $117M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $28.5M sold.

Based on aggregated 13F filings for Q4 2023.