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Nuveen AMT-Free Quality Municipal Income Fund
NEA

281 hedge funds and large institutions have $893M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 91 increasing their positions, 46 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 15

98% more repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 46

12% more funds holding

Funds holding: 251 → 281 (+30)

0% more capital invested

Capital invested by funds: $891M → $893M (+$1.6M)

0.83% less ownership

Funds ownership: 22.24% → 21.41% (-0.83%)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
281
Holders Change
+30
Holders Change %
+11.95%
% of All Funds
4.97%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.07%
New
48
Increased
91
Reduced
46
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$17M
2
BI
Bramshill Investments
Florida
+$9.29M
3
V
Veritable
Delaware
+$4.25M
4
UBS Group
UBS Group
Switzerland
+$3.3M
5
HighTower Advisors
HighTower Advisors
Illinois
+$3.08M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$51.2M
2
PPA
Parametric Portfolio Associates
Washington
-$8.69M
3
1CP
1607 Capital Partners
Virginia
-$6.46M
4
PCM
PenderFund Capital Management
British Columbia, Canada
-$3.82M
5
Wells Fargo
Wells Fargo
California
-$3.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
DC
101
Davenport & Co
Virginia
$644K – – –
NCM
102
Next Capital Management
New York
$639K – – –
BFA
103
Bragg Financial Advisors
North Carolina
$566K – – –
EW
104
Element Wealth
Mississippi
$559K +$2.03K +139 +0.4%
CIAS
105
Capital Investment Advisory Services
North Carolina
$542K +$163K +11,192 +45%
AllianceBernstein
106
AllianceBernstein
Tennessee
$535K – – –
KM
107
Kalos Management
Georgia
$528K -$977 -67 -0.2%
RCA
108
Ranch Capital Advisors
Florida
$527K – – –
SMH
109
Sanders Morris Harris
Texas
$527K +$102K +7,007 +25%
BF
110
BOK Financial
Oklahoma
$521K +$117K +8,000 +30%
SI
111
Stephens Inc
Arkansas
$518K +$38.7K +2,654 +8%
FFA
112
First Foundation Advisors
California
$503K – – –
MRI
113
Mad River Investors
Massachusetts
$500K – – –
MM
114
Main Management
California
$498K – – –
LJAC
115
L.J. Altfest & Co
New York
$484K +$131 +9 +0%
SP
116
Successful Portfolios
Florida
$478K – – –
LB
117
Leo Brokerage
Texas
$463K +$446K +30,631 New
IFG
118
Independent Financial Group
California
$459K +$78.7K +5,400 +22%
BCM
119
Breiter Capital Management
Florida
$459K – – –
EM
120
Excalibur Management
Massachusetts
$421K +$62.2K +4,266 +18%
US Bancorp
121
US Bancorp
Minnesota
$419K – – –
AWM
122
AE Wealth Management
Kansas
$416K +$26.3K +1,804 +7%
GWM
123
Geneos Wealth Management
Colorado
$392K +$161K +11,073 +43%
RIG
124
Roosevelt Investment Group
New York
$386K – – –
LCM
125
Landscape Capital Management
New Jersey
$384K +$371K +25,455 New
3 4
5
6 7

NEA Hedge Fund Activity: Q4 2020 in Review

281 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2020, worth a combined $893M — up 0.18% from $891M a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new NEA positions and 15 closed out — a net gain of 33 holders — while 91 added to existing stakes and 46 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $17M. The largest seller was Karpus Investment Management, cutting an estimated $51.2M.

  • 281 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2020, up from 251 in Q3 2020.
  • Funds reported $893M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2020, up 0.18% quarter-over-quarter.
  • 48 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2020 and 15 closed out, a net change of +33 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2020 was Rivernorth Capital Management, an estimated $17M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2020 was Karpus Investment Management, an estimated $51.2M sold.

Based on aggregated 13F filings for Q4 2020.