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Nuveen AMT-Free Quality Municipal Income Fund

215 hedge funds and large institutions have $786M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 63 increasing their positions, 41 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 41

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

12% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 26

7% more capital invested

Capital invested by funds: $734M → $786M (+$51.7M)

0.22% less ownership

Funds ownership: 22.66%22.44% (-0.22%)

0% less funds holding

Funds holding: 216215 (-1)

Holders
215
Holders Change
-1
Holders Change %
-0.46%
% of All Funds
4.65%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.13%
New
29
Increased
63
Reduced
41
Closed
26
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
M&T Bank
76
M&T Bank
New York
$729K +$66.8K +5,142 +10%
Truist Financial
77
Truist Financial
North Carolina
$694K +$6.68K +514 +1%
JP Morgan Chase
78
JP Morgan Chase
New York
$668K +$629K +48,421 +3,092%
First Trust Advisors
79
First Trust Advisors
Illinois
$663K +$52.8K +4,065 +9%
HCM
80
Hollencrest Capital Management
California
$654K
Cetera Investment Advisers
81
Cetera Investment Advisers
Illinois
$599K +$8.87K +682 +2%
Baird Financial Group
82
Baird Financial Group
Wisconsin
$592K +$213K +16,395 +59%
MML Investors Services
83
MML Investors Services
Massachusetts
$563K -$141K -10,810 -20%
TBA
84
Tower Bridge Advisors
Pennsylvania
$558K
SFS
85
Sowell Financial Services
Arkansas
$544K +$61.1K +4,700 +13%
FM
86
Family Management
New York
$526K +$307K +23,605 +149%
WB
87
WesBanco Bank
West Virginia
$512K
BAM
88
Brave Asset Management
New Jersey
$499K
PAS
89
Park Avenue Securities
New York
$494K +$481K +36,974 New
SP
90
Successful Portfolios
Florida
$486K
WT
91
Whittier Trust
California
$484K -$13K -1,000 -3%
AllianceBernstein
92
AllianceBernstein
Tennessee
$473K
RIG
93
Roosevelt Investment Group
New York
$463K
MRI
94
Mad River Investors
Massachusetts
$442K
WS
95
Wedbush Securities
California
$440K -$8.87K -682 -2%
SWM
96
SeaCrest Wealth Management
New York
$415K +$260K +20,000 +181%
JWM
97
Jupiter Wealth Management
Colorado
$415K +$416K +32,000 New
GIA
98
Guyasuta Investment Advisors
Pennsylvania
$401K -$390K -30,000 Closed
NCM
99
Next Capital Management
New York
$401K -$60.4K -4,646 -13%
DC
100
Davenport & Co
Virginia
$397K

NEA Hedge Fund Activity: Q1 2019 in Review

215 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2019, worth a combined $786M — up 7% from $734M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new NEA positions and 26 closed out — a net gain of 3 holders — while 63 added to existing stakes and 41 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $10.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $14.8M.

  • 215 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2019, down from 216 in Q4 2018.
  • Funds reported $786M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2019, up 7% quarter-over-quarter.
  • 29 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2019 and 26 closed out, a net change of +3 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $10.5M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $14.8M sold.

Based on aggregated 13F filings for Q1 2019.