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Nuveen AMT-Free Quality Municipal Income Fund
NEA

318 hedge funds and large institutions have $832M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2025 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 112 increasing their positions, 92 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 112 | Existing positions reduced: 92

6% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 35

2% less funds holding

Funds holding: 324 → 318 (-6)

3.19% less ownership

Funds ownership: 28.03% → 24.84% (-3.2%)

12% less capital invested

Capital invested by funds: $947M → $832M (-$115M)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

Holders
318
Holders Change
-6
Holders Change %
-1.85%
% of All Funds
4.26%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.08%
New
33
Increased
112
Reduced
92
Closed
35
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$7.34M
2
Wells Fargo
Wells Fargo
California
+$6.89M
3
Citadel Advisors
Citadel Advisors
Florida
+$4.05M
4
Bank of America
Bank of America
North Carolina
+$2.85M
5
LPL Financial
LPL Financial
California
+$1.72M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$52.6M
2
RCM
Rivernorth Capital Management
Florida
-$18.1M
3
Pathstone Holdings
Pathstone Holdings
New Jersey
-$15.7M
4
SIA
Sit Investment Associates
Minnesota
-$8.14M
5
RCM
Robinson Capital Management
Michigan
-$6.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
RPA
126
Rock Point Advisors
Vermont
$447K – – –
Cerity Partners
127
Cerity Partners
New York
$413K +$137K +12,058 +49%
Northern Trust
128
Northern Trust
Illinois
$411K -$57.2K -5,024 -12%
HAM
129
Harmony Asset Management
Arizona
$400K +$51.3K +4,500 +14%
Comerica Bank
130
Comerica Bank
Texas
$396K +$18.4K +1,618 +5%
HF
131
HRT Financial
New York
$391K +$398K +34,928 New
RIA
132
Realta Investment Advisors
Delaware
$378K – – –
MSAM
133
Moloney Securities Asset Management
Missouri
$374K +$39.3K +3,450 +12%
AC
134
AlphaCore Capital
California
$373K +$377K +33,122 New
GEA
135
Glen Eagle Advisors
New Jersey
$373K +$342 +30 +0.1%
Bank of Montreal
136
Bank of Montreal
Ontario, Canada
$369K – – –
MFA
137
Mayflower Financial Advisors
Massachusetts
$366K – – –
SA
138
Sanctuary Advisors
Indiana
$363K -$216K -18,928 -37%
KWM
139
Kingsview Wealth Management
Oregon
$361K +$367K +32,236 New
MAM
140
Mystic Asset Management
Rhode Island
$355K +$79.7K +7,000 +28%
HI
141
Harbour Investments
Wisconsin
$354K +$120K +10,539 +50%
MG
142
Marex Group
$345K -$1.26M -110,593 -78%
VVP
143
Venture Visionary Partners
Ohio
$335K – – –
AAS
144
Avantax Advisory Services
Texas
$326K +$29.6K +2,602 +10%
P
145
&Partners
Tennessee
$326K +$52K +4,566 +18%
SP
146
Successful Portfolios
Florida
$325K – – –
US Bancorp
147
US Bancorp
Minnesota
$324K -$178K -15,596 -35%
Financial Engines Advisors
148
Financial Engines Advisors
California
$323K – – –
Goldman Sachs
149
Goldman Sachs
New York
$319K +$325K +28,492 New
IFG
150
Independent Financial Group
California
$315K +$13K +1,144 +4%
4 5
6
7 8

NEA Hedge Fund Activity: Q1 2025 in Review

318 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2025, worth a combined $832M — down 12% from $947M a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of NEA and 33 opened new positions — a net loss of 2 holders — while 92 trimmed existing stakes and 112 added.

The largest buyer was Morgan Stanley, adding an estimated $7.34M. The largest seller was Karpus Investment Management, cutting an estimated $52.6M.

  • 318 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2025, down from 324 in Q4 2024.
  • Funds reported $832M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2025, down 12% quarter-over-quarter.
  • 33 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2025 and 35 closed out, a net change of -2 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2025 was Morgan Stanley, an estimated $7.34M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2025 was Karpus Investment Management, an estimated $52.6M sold.

Based on aggregated 13F filings for Q1 2025.