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Nuveen AMT-Free Quality Municipal Income Fund

237 hedge funds and large institutions have $941M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 75 increasing their positions, 58 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 58

6% more capital invested

Capital invested by funds: $887M → $941M (+$53.5M)

0.74% more ownership

Funds ownership: 23.54%24.29% (+0.74%)

7% less funds holding

Funds holding: 256237 (-19)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

44% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 34

Holders
237
Holders Change
-19
Holders Change %
-7.42%
% of All Funds
4.86%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.12%
New
19
Increased
75
Reduced
58
Closed
34
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Citigroup
101
Citigroup
New York
$514K +$34.4K +2,544 +7%
EW
102
Element Wealth
Mississippi
$511K +$1.22K +90 +0.2%
MM
103
Main Management
California
$507K +$493K +36,500 New
AllianceBernstein
104
AllianceBernstein
Tennessee
$492K -$14.5K -1,076 -3%
FFA
105
First Foundation Advisors
California
$483K
MRI
106
Mad River Investors
Massachusetts
$460K
Cetera Investment Advisers
107
Cetera Investment Advisers
Illinois
$454K -$248K -18,354 -36%
DC
108
Davenport & Co
Virginia
$447K
KOMWMG
109
Kerntke Otto McGlone Wealth Management Group
Wisconsin
$445K +$202K +14,915 +87%
SP
110
Successful Portfolios
Florida
$440K -$66.2K -4,900 -13%
SI
111
Stephens Inc
Arkansas
$437K -$14.6K -1,079 -3%
BCM
112
Breiter Capital Management
Florida
$423K
KM
113
Kalos Management
Georgia
$413K
IWM
114
IHT Wealth Management
Illinois
$401K -$1.22M -90,048 -76%
RIG
115
Roosevelt Investment Group
New York
$385K -$50K -3,700 -12%
GWM
116
Geneos Wealth Management
Colorado
$375K +$18.1K +1,336 +5%
Koshinski Asset Management
117
Koshinski Asset Management
Illinois
$368K -$6.76K -500 -2%
BF
118
BOK Financial
Oklahoma
$368K -$514 -38 -0.1%
US Bancorp
119
US Bancorp
Minnesota
$354K +$76.4K +5,651 +29%
AWM
120
AE Wealth Management
Kansas
$345K -$71.5K -5,293 -18%
NWP
121
Northstar Wealth Partners
Connecticut
$328K
CRC
122
Curi RMB Capital
Illinois
$321K +$122K +9,000 +64%
BAM
123
Belpointe Asset Management
Nevada
$313K +$50K +3,700 +20%
SWP
124
Stratos Wealth Partners
Ohio
$310K +$301K +22,287 New
SCA
125
Snowden Capital Advisors
New York
$307K +$1.97K +146 +0.7%

NEA Hedge Fund Activity: Q2 2020 in Review

237 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q2 2020, worth a combined $941M — up 6% from $887M a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of NEA and 19 opened new positions — a net loss of 15 holders — while 58 trimmed existing stakes and 75 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $36.2M. The largest seller was Karpus Investment Management, cutting an estimated $30.6M.

  • 237 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q2 2020, down from 256 in Q1 2020.
  • Funds reported $941M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q2 2020, up 6% quarter-over-quarter.
  • 19 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q2 2020 and 34 closed out, a net change of -15 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $36.2M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q2 2020 was Karpus Investment Management, an estimated $30.6M sold.

Based on aggregated 13F filings for Q2 2020.