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Nuveen AMT-Free Quality Municipal Income Fund

216 hedge funds and large institutions have $734M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 58 increasing their positions, 53 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 34

11% more capital invested

Capital invested by funds: $659M → $734M (+$75M)

3.45% more ownership

Funds ownership: 19.21%22.66% (+3.4%)

1% more funds holding

Funds holding: 213216 (+3)

9% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 53

17% less funds holding in top 10

Funds holding in top 10: 65 (-1)

Holders
216
Holders Change
+3
Holders Change %
+1.41%
% of All Funds
4.81%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.11%
New
40
Increased
58
Reduced
53
Closed
34
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BFEC
76
Benjamin F. Edwards & Company
Missouri
$704K -$128K -10,467 -15%
WAOTB
77
Wealth Advisors of Tampa Bay
Florida
$704K
MML Investors Services
78
MML Investors Services
Massachusetts
$652K -$213K -17,373 -25%
Truist Financial
79
Truist Financial
North Carolina
$633K -$163K -13,288 -21%
M&T Bank
80
M&T Bank
New York
$609K +$607K +49,461 New
HCM
81
Hollencrest Capital Management
California
$602K
CRC
82
Curi RMB Capital
Illinois
$599K +$14.2K +1,156 +2%
IWA
83
IBEX Wealth Advisors
New Jersey
$596K +$303K +24,730 +104%
First Trust Advisors
84
First Trust Advisors
Illinois
$561K -$203K -16,573 -27%
Cetera Investment Advisers
85
Cetera Investment Advisers
Illinois
$545K -$25.7K -2,092 -5%
TBA
86
Tower Bridge Advisors
Pennsylvania
$514K
Jane Street
87
Jane Street
New York
$480K +$478K +38,977 New
WB
88
WesBanco Bank
West Virginia
$472K
BAM
89
Brave Asset Management
New Jersey
$459K
WT
90
Whittier Trust
California
$458K
SP
91
Successful Portfolios
Florida
$448K +$29.4K +2,400 +7%
SFS
92
Sowell Financial Services
Arkansas
$444K +$217K +17,709 +97%
AllianceBernstein
93
AllianceBernstein
Tennessee
$436K
WAM
94
Wolverine Asset Management
Illinois
$429K +$428K +34,919 New
NCM
95
Next Capital Management
New York
$427K +$425K +34,684 New
RIG
96
Roosevelt Investment Group
New York
$426K +$425K +34,627 New
TSS
97
Two Sigma Securities
New York
$421K +$208K +16,933 +98%
WS
98
Wedbush Securities
California
$414K -$67.7K -5,524 -14%
US Bancorp
99
US Bancorp
Minnesota
$407K -$124K -10,078 -23%
MRI
100
Mad River Investors
Massachusetts
$407K

NEA Hedge Fund Activity: Q4 2018 in Review

216 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2018, worth a combined $734M — up 11% from $659M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new NEA positions and 34 closed out — a net gain of 6 holders — while 58 added to existing stakes and 53 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $76M. The largest seller was UBS Group, cutting an estimated $14.3M.

  • 216 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2018, up from 213 in Q3 2018.
  • Funds reported $734M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2018, up 11% quarter-over-quarter.
  • 40 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2018 and 34 closed out, a net change of +6 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2018 was Karpus Investment Management, an estimated $76M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2018 was UBS Group, an estimated $14.3M sold.

Based on aggregated 13F filings for Q4 2018.