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Nuveen AMT-Free Quality Municipal Income Fund
NEA

296 hedge funds and large institutions have $839M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 80 increasing their positions, 86 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 38

29% more funds holding in top 10

Funds holding in top 10: 7 → 9 (+2)

21% more capital invested

Capital invested by funds: $692M → $839M (+$147M)

2.85% more ownership

Funds ownership: 21.86% → 24.71% (+2.8%)

2% more funds holding

Funds holding: 290 → 296 (+6)

7% less repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 86

Holders
296
Holders Change
+6
Holders Change %
+2.07%
% of All Funds
4.76%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.14%
New
50
Increased
80
Reduced
86
Closed
38
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$65.4M
2
RCM
Rivernorth Capital Management
Florida
+$34.7M
3
HighTower Advisors
HighTower Advisors
Illinois
+$5.12M
4
LSC
Logan Stone Capital
Illinois
+$2.51M
5
BI
Bramshill Investments
Florida
+$2.37M

Top Sellers

1
V
Veritable
Delaware
-$11.6M
2
Morgan Stanley
Morgan Stanley
New York
-$5.98M
3
UBS Group
UBS Group
Switzerland
-$5.79M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$4.17M
5
OA
Oxbow Advisors
Texas
-$4.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
LJAC
126
L.J. Altfest & Co
New York
$377K +$295 +27 +0.1%
VF
127
Virtu Financial
New York
$376K +$208K +19,058 +136%
CNBTD
128
Citizens National Bank Trust Department
Mississippi
$375K – – –
MIM
129
Meixler Investment Management
Arizona
$363K -$103K -9,400 -23%
CIAS
130
Capital Investment Advisory Services
North Carolina
$361K -$14K -1,288 -4%
CA
131
Claro Advisors
Massachusetts
$351K -$139K -12,772 -29%
CFG
132
Carr Financial Group
Massachusetts
$349K +$335K +30,705 New
FCM
133
Family Capital Management
Michigan
$334K +$321K +29,407 New
Fifth Third Bancorp
134
Fifth Third Bancorp
Ohio
$330K -$966K -88,564 -75%
PCM
135
Pointe Capital Management
Michigan
$323K -$91.8K -8,412 -23%
WS
136
Wedbush Securities
California
$323K -$55.2K -5,062 -15%
IWM
137
IHT Wealth Management
Illinois
$318K – – –
GLA
138
Good Life Advisors
Pennsylvania
$317K +$33.4K +3,065 +12%
MA
139
MBA Advisors
Pennsylvania
$317K – – –
WT
140
Whittier Trust
California
$313K -$97.1K -8,902 -24%
LA
141
LexAurum Advisors
Kansas
$313K -$183K -16,759 -38%
AllianceBernstein
142
AllianceBernstein
Tennessee
$312K – – –
Susquehanna International Group
143
Susquehanna International Group
Pennsylvania
$310K +$297K +27,265 New
Invesco
144
Invesco
Georgia
$304K -$21.3K -1,955 -7%
MRI
145
Mad River Investors
Massachusetts
$301K – – –
FFA
146
First Foundation Advisors
California
$291K -$7.64K -700 -3%
US Bancorp
147
US Bancorp
Minnesota
$288K -$137K -12,600 -33%
IFG
148
Independent Financial Group
California
$287K -$611K -56,023 -69%
HCM
149
Hollencrest Capital Management
California
$278K -$192K -17,630 -42%
FAM
150
Family Asset Management
South Carolina
$276K +$265K +24,292 New
4 5
6
7 8

NEA Hedge Fund Activity: Q4 2022 in Review

296 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2022, worth a combined $839M — up 21% from $692M a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new NEA positions and 38 closed out — a net gain of 12 holders — while 80 added to existing stakes and 86 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $65.4M. The largest seller was Veritable, exiting entirely with an estimated $11.6M sold.

  • 296 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2022, up from 290 in Q3 2022.
  • Funds reported $839M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2022, up 21% quarter-over-quarter.
  • 50 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2022 and 38 closed out, a net change of +12 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2022 was Karpus Investment Management, an estimated $65.4M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2022 was Veritable, an estimated $11.6M sold.

Based on aggregated 13F filings for Q4 2022.