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Nuveen AMT-Free Quality Municipal Income Fund
NEA

176 hedge funds and large institutions have $434M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2017 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 48 increasing their positions, 39 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 39

16% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 25

2% more funds holding

Funds holding: 173 → 176 (+3)

0.06% less ownership

Funds ownership: 12.44% → 12.38% (-0.06%)

1% less capital invested

Capital invested by funds: $436M → $434M (-$2.43M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
176
Holders Change
+3
Holders Change %
+1.73%
% of All Funds
4.38%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
29
Increased
48
Reduced
39
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$10.2M
2
KIM
Karpus Investment Management
New York
+$7.66M
3
Stifel Financial
Stifel Financial
Missouri
+$2.24M
4
Wells Fargo
Wells Fargo
California
+$2.04M
5
Morgan Stanley
Morgan Stanley
New York
+$1.77M

Top Sellers

Rank Fund Capital Flow
1
OA
Oxbow Advisors
Texas
-$16.3M
2
LPL Financial
LPL Financial
California
-$5.77M
3
Bank of America
Bank of America
North Carolina
-$3.32M
4
AAM
Advisors Asset Management
Colorado
-$2.3M
5
Invesco
Invesco
Georgia
-$2.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
TBA
76
Tower Bridge Advisors
Pennsylvania
$417K – – –
Koshinski Asset Management
77
Koshinski Asset Management
Illinois
$397K +$394K +29,694 New
PAG
78
Private Advisor Group
New Jersey
$376K +$1.75K +132 +0.5%
EGA
79
Eagle Global Advisors
Texas
$375K – – –
Mariner
80
Mariner
Kansas
$363K – – –
MML Investors Services
81
MML Investors Services
Massachusetts
$362K +$360K +27,124 New
LCM
82
Laurion Capital Management
New York
$349K +$347K +26,088 New
IAA
83
Independent Advisor Alliance
North Carolina
$344K +$342K +25,750 New
FAAS
84
First Allied Advisory Services
California
$343K +$14.8K +1,114 +5%
TSS
85
Two Sigma Securities
New York
$336K +$334K +25,147 New
ZIC
86
ZWJ Investment Counsel
Georgia
$335K +$333K +25,038 New
GBA
87
Garrison Bradford & Associates
New York
$334K – – –
ASN
88
Advisory Services Network
Georgia
$328K +$326K +24,530 New
SG Americas Securities
89
SG Americas Securities
New York
$311K +$309K +23,274 New
LFAS
90
Level Four Advisory Services
Texas
$304K +$303K +22,780 New
HVIA
91
Hudson Valley Investment Advisors
New York
$294K – – –
SPC
92
Sigma Planning Corp
Michigan
$294K +$80.6K +6,070 +38%
CCP
93
Corient Capital Partners
California
$293K – – –
FNBT
94
FineMark National Bank & Trust
Florida
$287K +$94.1K +7,082 +49%
HSA
95
HBK Sorce Advisory
Pennsylvania
$285K – – –
STMM
96
South Texas Money Management
Texas
$275K +$274K +20,608 New
IWM
97
IHT Wealth Management
Illinois
$274K – – –
PMG
98
ProVise Management Group
Florida
$270K – – –
SCA
99
Snowden Capital Advisors
New York
$270K +$21.4K +1,613 +9%
SSB
100
Sandy Spring Bank
Maryland
$262K – – –
2 3
4
5 6

NEA Hedge Fund Activity: Q1 2017 in Review

176 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2017, worth a combined $434M — down 0.56% from $436M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new NEA positions and 25 closed out — a net gain of 4 holders — while 48 added to existing stakes and 39 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $10.2M. The largest seller was Oxbow Advisors, exiting entirely with an estimated $16.3M sold.

  • 176 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2017, up from 173 in Q4 2016.
  • Funds reported $434M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2017, down 0.56% quarter-over-quarter.
  • 29 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2017 and 25 closed out, a net change of +4 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2017 was Rivernorth Capital Management, an estimated $10.2M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2017 was Oxbow Advisors, an estimated $16.3M sold.

Based on aggregated 13F filings for Q1 2017.