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Nuveen AMT-Free Quality Municipal Income Fund
NEA

251 hedge funds and large institutions have $891M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 79 increasing their positions, 49 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 12

61% more repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 49

6% more funds holding

Funds holding: 237 → 251 (+14)

2.05% less ownership

Funds ownership: 24.29% → 22.24% (-2%)

5% less capital invested

Capital invested by funds: $941M → $891M (-$49.4M)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
251
Holders Change
+14
Holders Change %
+5.91%
% of All Funds
5.06%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.1%
New
27
Increased
79
Reduced
49
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
Bramshill Investments
Florida
+$23.1M
2
JP Morgan Chase
JP Morgan Chase
New York
+$3.57M
3
V
Veritable
Delaware
+$3.29M
4
UBS Group
UBS Group
Switzerland
+$2.42M
5
Stifel Financial
Stifel Financial
Missouri
+$1.68M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$45.9M
2
RCM
Rivernorth Capital Management
Florida
-$26M
3
KIM
Karpus Investment Management
New York
-$24.5M
4
BlackRock
BlackRock
New York
-$17.6M
5
SIA
Sit Investment Associates
Minnesota
-$8.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
DC
101
Davenport & Co
Virginia
$612K +$151K +10,500 +33%
NCM
102
Next Capital Management
New York
$607K – – –
KOMWMG
103
Kerntke Otto McGlone Wealth Management Group
Wisconsin
$599K +$140K +9,760 +31%
JWCA
104
J.W. Cole Advisors
Florida
$584K +$584K +40,701 New
KP
105
Keel Point
Alabama
$582K – – –
BFA
106
Bragg Financial Advisors
North Carolina
$537K – – –
EW
107
Element Wealth
Mississippi
$529K +$1.48K +103 +0.3%
AllianceBernstein
108
AllianceBernstein
Tennessee
$508K – – –
KM
109
Kalos Management
Georgia
$505K +$76.1K +5,305 +18%
RCA
110
Ranch Capital Advisors
Florida
$500K – – –
CAN
111
Claraphi Advisory Network
United States
$492K -$241K -16,800 -33%
FFA
112
First Foundation Advisors
California
$478K -$19.9K -1,388 -4%
MRI
113
Mad River Investors
Massachusetts
$475K – – –
MM
114
Main Management
California
$473K -$50.2K -3,500 -10%
Cetera Investment Advisers
115
Cetera Investment Advisers
Illinois
$471K +$1.74K +121 +0.4%
LJAC
116
L.J. Altfest & Co
New York
$459K +$460K +32,036 New
AAS
117
Avantax Advisory Services
Texas
$457K +$458K +31,902 New
SP
118
Successful Portfolios
Florida
$454K – – –
SI
119
Stephens Inc
Arkansas
$454K +$3.08K +215 +0.7%
BCM
120
Breiter Capital Management
Florida
$436K – – –
SMH
121
Sanders Morris Harris
Texas
$403K +$402K +28,000 New
US Bancorp
122
US Bancorp
Minnesota
$397K +$32.2K +2,247 +9%
BF
123
BOK Financial
Oklahoma
$380K – – –
CCT
124
Capital City Trust
Florida
$379K +$379K +26,419 New
GWM
125
Geneos Wealth Management
Colorado
$371K -$15.1K -1,051 -4%
3 4
5
6 7

NEA Hedge Fund Activity: Q3 2020 in Review

251 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2020, worth a combined $891M — down 5.3% from $941M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new NEA positions and 12 closed out — a net gain of 15 holders — while 79 added to existing stakes and 49 trimmed.

The largest buyer was Bramshill Investments, adding an estimated $23.1M. The largest seller was Wells Fargo, cutting an estimated $45.9M.

  • 251 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2020, up from 237 in Q2 2020.
  • Funds reported $891M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2020, down 5.3% quarter-over-quarter.
  • 27 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2020 and 12 closed out, a net change of +15 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2020 was Bramshill Investments, an estimated $23.1M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2020 was Wells Fargo, an estimated $45.9M sold.

Based on aggregated 13F filings for Q3 2020.