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Nuveen AMT-Free Quality Municipal Income Fund
NEA

318 hedge funds and large institutions have $1.14B invested in Nuveen AMT-Free Quality Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 101 increasing their positions, 86 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 28

17% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 86

3% more funds holding

Funds holding: 308 → 318 (+10)

2.53% less ownership

Funds ownership: 36.89% → 34.36% (-2.5%)

6% less capital invested

Capital invested by funds: $1.22B → $1.14B (-$76.3M)

20% less funds holding in top 10

Funds holding in top 10: 10 → 8 (-2)

Holders
318
Holders Change
+10
Holders Change %
+3.25%
% of All Funds
4.58%
Holding in Top 10
8
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-20%
% of All Funds
0.12%
New
41
Increased
101
Reduced
86
Closed
28
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$12.4M
2
MSL
Mackay Shields LLC
New York
+$9.83M
3
SIA
Sit Investment Associates
Minnesota
+$9.2M
4
PCM
Penserra Capital Management
California
+$7.71M
5
Wells Fargo
Wells Fargo
California
+$4.32M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$116M
2
BI
Bramshill Investments
Florida
-$12.8M
3
RCM
Rivernorth Capital Management
Florida
-$6.08M
4
PCM
PenderFund Capital Management
British Columbia, Canada
-$5.16M
5
LSC
Logan Stone Capital
Illinois
-$4.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Pathstone Holdings
51
Pathstone Holdings
New Jersey
$2.95M +$2.93M +266,656 New
Northwestern Mutual Wealth Management
52
Northwestern Mutual Wealth Management
Wisconsin
$2.82M -$149K -13,568 -5%
Cohen & Steers
53
Cohen & Steers
New York
$2.76M -$921K -83,887 -25%
Baird Financial Group
54
Baird Financial Group
Wisconsin
$2.74M -$182K -16,540 -6%
FSI
55
Flow State Investments
Illinois
$2.73M +$2.71M +246,853 New
Lido Advisors
56
Lido Advisors
California
$2.7M -$99.5K -9,070 -4%
PAS
57
Park Avenue Securities
New York
$2.44M +$80K +7,287 +3%
Janney Montgomery Scott
58
Janney Montgomery Scott
Pennsylvania
$2.36M +$245K +22,305 +12%
ITIM
59
Indiana Trust & Investment Management
Indiana
$2.36M – – –
CA
60
Cresta Advisors
Texas
$2.34M – – –
JWM
61
Jupiter Wealth Management
Colorado
$2.26M +$549K +50,000 +32%
MPW
62
Melone Private Wealth
Michigan
$2.26M +$17K +1,546 +0.8%
KAS
63
Kestra Advisory Services
Texas
$2.15M +$29.1K +2,655 +1%
RC
64
Rareview Capital
Nevada
$2.07M +$2.05M +186,873 New
Cambridge Investment Research Advisors
65
Cambridge Investment Research Advisors
Iowa
$2.03M +$314K +28,655 +19%
FPCP
66
Fort Point Capital Partners
California
$1.95M +$1.94M +176,592 New
GP
67
Gridiron Partners
Pennsylvania
$1.94M – – –
RIL
68
Rothschild Investment LLC
Illinois
$1.89M +$49K +4,467 +3%
MFG
69
Merit Financial Group
Georgia
$1.84M -$149K -13,613 -7%
SC
70
Savant Capital
Illinois
$1.83M +$77 +7 +0%
Invesco
71
Invesco
Georgia
$1.81M +$372K +33,870 +26%
Cetera Investment Advisers
72
Cetera Investment Advisers
Illinois
$1.77M +$1.37M +125,019 +361%
WAM
73
Wakefield Asset Management
Colorado
$1.76M +$59.5K +5,421 +4%
TWP
74
Tyche Wealth Partners
Texas
$1.75M +$118K +10,762 +7%
NA
75
NewEdge Advisors
Louisiana
$1.71M -$3.82K -348 -0.2%
1 2
3
4 5

NEA Hedge Fund Activity: Q1 2024 in Review

318 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2024, worth a combined $1.14B — down 6.3% from $1.22B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new NEA positions and 28 closed out — a net gain of 13 holders — while 101 added to existing stakes and 86 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $12.4M. The largest seller was Morgan Stanley, cutting an estimated $116M.

  • 318 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2024, up from 308 in Q4 2023.
  • Funds reported $1.14B of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2024, down 6.3% quarter-over-quarter.
  • 41 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2024 and 28 closed out, a net change of +13 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2024 was Karpus Investment Management, an estimated $12.4M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $116M sold.

Based on aggregated 13F filings for Q1 2024.