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Nuveen AMT-Free Quality Municipal Income Fund
NEA

203 hedge funds and large institutions have $564M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2017 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 56 increasing their positions, 41 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 18

37% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 41

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

13% more funds holding

Funds holding: 180 → 203 (+23)

9% more capital invested

Capital invested by funds: $518M → $564M (+$45.6M)

1.39% more ownership

Funds ownership: 14.22% → 15.61% (+1.4%)

Holders
203
Holders Change
+23
Holders Change %
+12.78%
% of All Funds
4.6%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
42
Increased
56
Reduced
41
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$13.9M
2
Morgan Stanley
Morgan Stanley
New York
+$11.1M
3
PPA
Parametric Portfolio Associates
Washington
+$4.51M
4
Wells Fargo
Wells Fargo
California
+$3.72M
5
VCM
Vivaldi Capital Management
Illinois
+$1.66M

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.26M
2
GC
Guggenheim Capital
Illinois
-$1.93M
3
NPC
National Planning Corporation
California
-$1.63M
4
Invesco
Invesco
Georgia
-$1.46M
5
SA
Strategic Advisors
New York
-$908K
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
76
Wedbush Securities
California
$563K -$2.81K -205 -0.5%
Citigroup
77
Citigroup
New York
$537K +$381K +27,800 +247%
WB
78
WesBanco Bank
West Virginia
$528K – – –
Koshinski Asset Management
79
Koshinski Asset Management
Illinois
$512K +$21.7K +1,582 +4%
EWA
80
EP Wealth Advisors
California
$509K – – –
DWM
81
Dynasty Wealth Management
Florida
$499K +$498K +36,300 New
AllianceBernstein
82
AllianceBernstein
Tennessee
$495K -$12.4K -901 -2%
WAM
83
Weiss Asset Management
Massachusetts
$465K +$464K +33,789 New
MRI
84
Mad River Investors
Massachusetts
$455K – – –
MML Investors Services
85
MML Investors Services
Massachusetts
$450K -$576 -42 -0.1%
US Bancorp
86
US Bancorp
Minnesota
$448K – – –
EGA
87
Eagle Global Advisors
Texas
$420K +$6.86K +500 +2%
SP
88
Successful Portfolios
Florida
$418K +$417K +30,429 New
KM
89
Kalos Management
Georgia
$400K +$423K +30,802 New
HSA
90
HBK Sorce Advisory
Pennsylvania
$392K +$99.1K +7,226 +34%
Mariner
91
Mariner
Kansas
$374K – – –
SBIA
92
Sheaff Brock Investment Advisors
Indiana
$374K +$50K +3,647 +15%
LFAS
93
Level Four Advisory Services
Texas
$373K +$24.7K +1,800 +7%
KA
94
Kovack Advisors
Florida
$348K +$347K +25,279 New
OC
95
Oppenheimer & Co
New York
$344K -$9.51K -693 -3%
GBA
96
Garrison Bradford & Associates
New York
$344K – – –
IWM
97
IHT Wealth Management
Illinois
$342K – – –
HVIA
98
Hudson Valley Investment Advisors
New York
$302K – – –
CCP
99
Corient Capital Partners
California
$301K – – –
AA
100
AQR Arbitrage
Connecticut
$299K +$298K +21,734 New
2 3
4
5 6

NEA Hedge Fund Activity: Q4 2017 in Review

203 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2017, worth a combined $564M — up 8.8% from $518M a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new NEA positions and 18 closed out — a net gain of 24 holders — while 56 added to existing stakes and 41 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $13.9M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $2.26M sold.

  • 203 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2017, up from 180 in Q3 2017.
  • Funds reported $564M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2017, up 8.8% quarter-over-quarter.
  • 42 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2017 and 18 closed out, a net change of +24 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2017 was Karpus Investment Management, an estimated $13.9M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2017 was Raymond James Financial Services Advisors, an estimated $2.26M sold.

Based on aggregated 13F filings for Q4 2017.