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Nuveen AMT-Free Quality Municipal Income Fund
NEA

203 hedge funds and large institutions have $564M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2017 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 56 increasing their positions, 41 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 18

37% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 41

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

13% more funds holding

Funds holding: 180 → 203 (+23)

9% more capital invested

Capital invested by funds: $518M → $564M (+$45.6M)

1.39% more ownership

Funds ownership: 14.22% → 15.61% (+1.4%)

Holders
203
Holders Change
+23
Holders Change %
+12.78%
% of All Funds
4.6%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
42
Increased
56
Reduced
41
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$13.9M
2
Morgan Stanley
Morgan Stanley
New York
+$11.1M
3
PPA
Parametric Portfolio Associates
Washington
+$4.51M
4
Wells Fargo
Wells Fargo
California
+$3.72M
5
VCM
Vivaldi Capital Management
Illinois
+$1.66M

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.26M
2
GC
Guggenheim Capital
Illinois
-$1.93M
3
NPC
National Planning Corporation
California
-$1.63M
4
Invesco
Invesco
Georgia
-$1.46M
5
SA
Strategic Advisors
New York
-$908K
Name Holding Trade Value Shares
Change 		Change in
Stake
KeyBank National Association
126
KeyBank National Association
Ohio
$212K +$50.4K +3,675 +31%
CAN
127
Claraphi Advisory Network
United States
$204K +$203K +14,818 New
SWP
128
Stratos Wealth Partners
Ohio
$202K -$151K -11,000 -43%
FAAS
129
First Allied Advisory Services
California
$201K -$34K -2,479 -15%
NEPWA
130
New England Private Wealth Advisors
Massachusetts
$201K -$20.9K -1,527 -9%
Truist Financial
131
Truist Financial
North Carolina
$197K – – –
BHWM
132
Bar Harbor Wealth Management
New Hampshire
$192K +$192K +13,960 New
RBC
133
Roble Belko & Company
Pennsylvania
$181K – – –
LNWWM
134
Laird Norton Wetherby Wealth Management
California
$175K +$13.3K +967 +8%
Millennium Management
135
Millennium Management
New York
$167K -$31.3K -2,279 -16%
NSIM
136
North Star Investment Management
Illinois
$167K – – –
DHFB
137
Dixon Hubard Feinour & Brown
Virginia
$160K – – –
RFC
138
Regions Financial Corp
Alabama
$160K +$10.9K +796 +7%
CWM
139
Cabot Wealth Management
Massachusetts
$157K -$47.9K -3,490 -23%
VF
140
Virtu Financial
New York
$156K +$156K +11,336 New
CBTWT
141
Community Bank & Trust (Waco, Texas)
Texas
$153K – – –
AF
142
Advisornet Financial
Minnesota
$153K +$152K +11,112 New
Baird Financial Group
143
Baird Financial Group
Wisconsin
$150K – – –
TW
144
Transform Wealth
Colorado
$149K +$1.26K +92 +0.9%
CAG
145
Crestwood Advisors Group
Massachusetts
$148K – – –
SCA
146
Snowden Capital Advisors
New York
$145K – – –
TA
147
Townsend & Associates
Colorado
$144K +$143K +10,452 New
OLA
148
Oliver Luxxe Assets
New Jersey
$140K – – –
SSWM
149
Sheets Smith Wealth Management
North Carolina
$140K – – –
THWM
150
Taylor Hoffman Wealth Management
Virginia
$138K +$138K +10,045 New
4 5
6
7 8

NEA Hedge Fund Activity: Q4 2017 in Review

203 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2017, worth a combined $564M — up 8.8% from $518M a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new NEA positions and 18 closed out — a net gain of 24 holders — while 56 added to existing stakes and 41 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $13.9M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $2.26M sold.

  • 203 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2017, up from 180 in Q3 2017.
  • Funds reported $564M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2017, up 8.8% quarter-over-quarter.
  • 42 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2017 and 18 closed out, a net change of +24 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2017 was Karpus Investment Management, an estimated $13.9M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2017 was Raymond James Financial Services Advisors, an estimated $2.26M sold.

Based on aggregated 13F filings for Q4 2017.