We are live on ! Find out more
NEA icon

Nuveen AMT-Free Quality Municipal Income Fund
NEA

213 hedge funds and large institutions have $659M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 54 increasing their positions, 55 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 18

3% more funds holding

Funds holding: 206 → 213 (+7)

4% more capital invested

Capital invested by funds: $631M → $659M (+$27.7M)

0.8% more ownership

Funds ownership: 18.41% → 19.21% (+0.8%)

2% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 55

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

Holders
213
Holders Change
+7
Holders Change %
+3.4%
% of All Funds
4.87%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.14%
New
25
Increased
54
Reduced
55
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$8.76M
2
Morgan Stanley
Morgan Stanley
New York
+$7.92M
3
DWM
Dakota Wealth Management
Florida
+$3.26M
4
Wells Fargo
Wells Fargo
California
+$3.13M
5
NMC
Nine Masts Capital
Hong Kong
+$2.34M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$3.26M
2
UBS Group
UBS Group
Switzerland
-$1.19M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$885K
4
ICM
Ionic Capital Management
New York
-$881K
5
OA
Oxbow Advisors
Texas
-$590K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cetera Investment Advisers
76
Cetera Investment Advisers
Illinois
$585K +$170K +13,158 +40%
Baird Financial Group
77
Baird Financial Group
Wisconsin
$584K +$141K +10,894 +31%
US Bancorp
78
US Bancorp
Minnesota
$547K +$69.9K +5,403 +14%
Susquehanna International Group
79
Susquehanna International Group
Pennsylvania
$543K +$66.3K +5,125 +14%
TBA
80
Tower Bridge Advisors
Pennsylvania
$528K – – –
SLA
81
Silver Lake Advisory
Utah
$505K -$1.75K -135 -0.3%
WS
82
Wedbush Securities
California
$495K -$52.6K -4,066 -9%
WB
83
WesBanco Bank
West Virginia
$485K – – –
TC
84
Truvestments Capital
Florida
$478K – – –
BAM
85
Brave Asset Management
New Jersey
$472K +$483K +37,315 New
WT
86
Whittier Trust
California
$471K -$568K -43,930 -54%
AllianceBernstein
87
AllianceBernstein
Tennessee
$448K – – –
SP
88
Successful Portfolios
Florida
$430K +$55K +4,250 +14%
MRI
89
Mad River Investors
Massachusetts
$419K – – –
RFC
90
Regions Financial Corp
Alabama
$387K – – –
OC
91
Oppenheimer & Co
New York
$379K +$46.5K +3,594 +14%
KM
92
Kalos Management
Georgia
$378K – – –
DC
93
Davenport & Co
Virginia
$352K +$1.36K +105 +0.4%
AA
94
AQR Arbitrage
Connecticut
$318K – – –
Bank of New York Mellon
95
Bank of New York Mellon
New York
$316K +$108K +8,336 +50%
IWM
96
IHT Wealth Management
Illinois
$312K – – –
SWP
97
Stratos Wealth Partners
Ohio
$309K – – –
IWA
98
IBEX Wealth Advisors
New Jersey
$299K +$1.51K +117 +0.5%
EWA
99
EP Wealth Advisors
California
$296K -$41.7K -3,223 -12%
Mariner
100
Mariner
Kansas
$285K – – –
2 3
4
5 6

NEA Hedge Fund Activity: Q3 2018 in Review

213 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2018, worth a combined $659M — up 4.4% from $631M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new NEA positions and 18 closed out — a net gain of 7 holders — while 54 added to existing stakes and 55 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $8.76M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.26M.

  • 213 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2018, up from 206 in Q2 2018.
  • Funds reported $659M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2018, up 4.4% quarter-over-quarter.
  • 25 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2018 and 18 closed out, a net change of +7 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2018 was Karpus Investment Management, an estimated $8.76M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2018 was Rivernorth Capital Management, an estimated $3.26M sold.

Based on aggregated 13F filings for Q3 2018.