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Nuveen AMT-Free Quality Municipal Income Fund
NEA

318 hedge funds and large institutions have $1.14B invested in Nuveen AMT-Free Quality Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 101 increasing their positions, 86 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 28

17% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 86

3% more funds holding

Funds holding: 308 → 318 (+10)

2.53% less ownership

Funds ownership: 36.89% → 34.36% (-2.5%)

6% less capital invested

Capital invested by funds: $1.22B → $1.14B (-$76.3M)

20% less funds holding in top 10

Funds holding in top 10: 10 → 8 (-2)

Holders
318
Holders Change
+10
Holders Change %
+3.25%
% of All Funds
4.58%
Holding in Top 10
8
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-20%
% of All Funds
0.12%
New
41
Increased
101
Reduced
86
Closed
28
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$12.4M
2
MSL
Mackay Shields LLC
New York
+$9.83M
3
SIA
Sit Investment Associates
Minnesota
+$9.2M
4
PCM
Penserra Capital Management
California
+$7.71M
5
Wells Fargo
Wells Fargo
California
+$4.32M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$116M
2
BI
Bramshill Investments
Florida
-$12.8M
3
RCM
Rivernorth Capital Management
Florida
-$6.08M
4
PCM
PenderFund Capital Management
British Columbia, Canada
-$5.16M
5
LSC
Logan Stone Capital
Illinois
-$4.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
RP
76
Riverbridge Partners
Minnesota
$1.69M +$41.2K +3,750 +3%
EW
77
Evoke Wealth
California
$1.63M +$1.21M +110,689 +307%
CCWA
78
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$1.51M – – –
PFA
79
Petra Financial Advisors
Colorado
$1.45M – – –
TW
80
TrinityPoint Wealth
Connecticut
$1.33M +$1.51K +138 +0.1%
PVM
81
Palogic Value Management
Texas
$1.26M +$54.3K +4,950 +5%
CCA
82
Childress Capital Advisors
Texas
$1.2M – – –
HCC
83
Hirtle Callaghan & Co
Pennsylvania
$1.19M -$1.18M -107,671 Closed
CAM
84
Cresset Asset Management
Illinois
$1.17M -$248K -22,577 -18%
Mariner
85
Mariner
Kansas
$1.15M +$176K +16,002 +18%
CAN
86
Cetera Advisor Networks
California
$1.15M +$107K +9,714 +10%
SWP
87
Stratos Wealth Partners
Ohio
$1.11M -$206K -18,782 -16%
KL
88
KIM LLC
Kansas
$1.11M +$110K +10,000 +11%
PFS
89
Prospera Financial Services
Texas
$1.1M +$95.8K +8,726 +10%
WB
90
WesBanco Bank
West Virginia
$1.09M – – –
NGA
91
Naples Global Advisors
Florida
$1.04M -$119K -10,875 -10%
MGAM
92
McGowan Group Asset Management
Texas
$1.04M +$1.03M +94,213 New
EDRIA
93
Edmonds Duncan Registered Investment Advisors
Kansas
$982K +$17K +1,550 +2%
TA
94
Tectonic Advisors
Texas
$970K +$11K +1,005 +1%
GAA
95
Global Assets Advisory
Florida
$928K +$112K +10,167 New
Corient Private Wealth
96
Corient Private Wealth
Florida
$843K +$1.81K +165 +0.2%
AWM
97
Avior Wealth Management
Nebraska
$841K +$56.2K +5,117 +7%
AGA
98
Arkos Global Advisors
Texas
$840K – – –
WA
99
Waverly Advisors
Alabama
$831K +$824K +75,096 New
Mercer Global Advisors
100
Mercer Global Advisors
Colorado
$822K -$32.8K -2,987 -4%
2 3
4
5 6

NEA Hedge Fund Activity: Q1 2024 in Review

318 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2024, worth a combined $1.14B — down 6.3% from $1.22B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new NEA positions and 28 closed out — a net gain of 13 holders — while 101 added to existing stakes and 86 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $12.4M. The largest seller was Morgan Stanley, cutting an estimated $116M.

  • 318 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2024, up from 308 in Q4 2023.
  • Funds reported $1.14B of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2024, down 6.3% quarter-over-quarter.
  • 41 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2024 and 28 closed out, a net change of +13 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2024 was Karpus Investment Management, an estimated $12.4M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $116M sold.

Based on aggregated 13F filings for Q1 2024.