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Nuveen AMT-Free Quality Municipal Income Fund

85 hedge funds and large institutions have $94.9M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 25 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.42% less ownership

Funds ownership: 9.79%8.37% (-1.4%)

10% less funds holding

Funds holding: 9485 (-9)

12% less capital invested

Capital invested by funds: $108M → $94.9M (-$12.8M)

16% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 25

57% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 14

Holders
85
Holders Change
-9
Holders Change %
-9.57%
% of All Funds
2.26%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
6
Increased
21
Reduced
25
Closed
14
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
FNBT
76
FineMark National Bank & Trust
Florida
$23K
CFS
77
Commonwealth Financial Services
West Virginia
$20K
AOWM
78
Alpha Omega Wealth Management
Virginia
$14K
HCM
79
Highlander Capital Management
New Jersey
$14K
ASN
80
Advisory Services Network
Georgia
$11K
CAPTRUST Financial Advisors
81
CAPTRUST Financial Advisors
North Carolina
$9K
TWA
82
TCI Wealth Advisors
Arizona
$8K
FANJ
83
Financial Architects (New Jersey)
New Jersey
$5K +$5.4K +387 New
TRCT
84
Tower Research Capital (TRC)
New York
$3K -$2.25K -161 -40%
MGAM
85
McGowan Group Asset Management
Texas
-$4.85M -350,080 Closed
Bank of Montreal
86
Bank of Montreal
Ontario, Canada
-$633K -45,686 Closed
Baird Financial Group
87
Baird Financial Group
Wisconsin
-$551K -39,796 Closed
WAM
88
Wolverine Asset Management
Illinois
-$530K -38,300 Closed
ACM
89
Alethea Capital Management
Washington
-$442K -31,897 Closed
GBA
90
Garrison Bradford & Associates
New York
-$346K -25,000 Closed
SG Americas Securities
91
SG Americas Securities
New York
-$310K -22,357 Closed
FCH
92
Freestone Capital Holdings
Washington
-$277K -20,000 Closed
Squarepoint
93
Squarepoint
New York
-$213K -15,400 Closed
IP
94
Isthmus Partners
Wisconsin
-$55K -4,000 Closed
CCM
95
Coe Capital Management
Illinois
-$11K -774 Closed
BFEC
96
Benjamin F. Edwards & Company
Missouri
-$7K -500 Closed
MIM
97
Macroview Investment Management
Maryland
-$3K -225 Closed
AIA
98
Allegis Investment Advisors
Idaho
-$2K -164 Closed
SMH
99
Sanders Morris Harris
Texas
+$140K +10,037 New

NEA Hedge Fund Activity: Q1 2016 in Review

85 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2016, worth a combined $94.9M — down 12% from $108M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of NEA and 6 opened new positions — a net loss of 8 holders — while 25 trimmed existing stakes and 21 added.

The largest buyer was VanEck Associates, adding an estimated $711K. The largest seller was McGowan Group Asset Management, exiting entirely with an estimated $4.85M sold.

  • 85 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2016, down from 94 in Q4 2015.
  • Funds reported $94.9M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2016, down 12% quarter-over-quarter.
  • 6 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2016 and 14 closed out, a net change of -8 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2016 was VanEck Associates, an estimated $711K added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2016 was McGowan Group Asset Management, an estimated $4.85M sold.

Based on aggregated 13F filings for Q1 2016.