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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
KM
101
Kalos Management
Georgia
$379K
GIA
102
Guyasuta Investment Advisors
Pennsylvania
$369K +$368K +30,000 New
DC
103
Davenport & Co
Virginia
$366K +$23.7K +1,936 +7%
Baird Financial Group
104
Baird Financial Group
Wisconsin
$344K -$224K -18,281 -40%
OC
105
Oppenheimer & Co
New York
$306K -$62.3K -5,082 -17%
Bank of New York Mellon
106
Bank of New York Mellon
New York
$301K -$6K -489 -2%
Mariner
107
Mariner
Kansas
$277K
HVIA
108
Hudson Valley Investment Advisors
New York
$271K
SPC
109
Sigma Planning Corp
Michigan
$254K -$5.69K -464 -2%
GBA
110
Garrison Bradford & Associates
New York
$246K
SSB
111
Sandy Spring Bank
Maryland
$241K
SFG
112
SevenBridge Financial Group
Pennsylvania
$240K
MWM
113
Merriman Wealth Management
Washington
$239K +$233K +19,000 New
DAS
114
Dynamic Advisor Solutions
Arizona
$236K +$37.1K +3,027 +20%
BWCS
115
Beirne Wealth Consulting Services
Connecticut
$236K +$235K +19,198 New
PMG
116
ProVise Management Group
Florida
$231K -$17.6K -1,439 -7%
GWM
117
Geneos Wealth Management
Colorado
$227K +$12.3K +1,000 +6%
LWAC
118
Laurel Wealth Advisors (California)
California
$221K
CFB
119
Cullen/Frost Bankers
Texas
$219K +$32.7K +2,664 +18%
LNWWM
120
Laird Norton Wetherby Wealth Management
California
$210K +$6.53K +532 +3%
SBIA
121
Sheaff Brock Investment Advisors
Indiana
$199K
VF
122
Virtu Financial
New York
$199K +$198K +16,174 New
FM
123
Family Management
New York
$194K +$194K +15,800 New
WMA
124
Wealth Management Associates
New Jersey
$192K +$191K +15,588 New
SI
125
Stephens Inc
Arkansas
$186K +$797 +65 +0.4%

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.