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Nuveen AMT-Free Quality Municipal Income Fund
NEA

173 hedge funds and large institutions have $436M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 45 increasing their positions, 48 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

30% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 23

3% more funds holding

Funds holding: 168 → 173 (+5)

1.32% more ownership

Funds ownership: 11.12% → 12.44% (+1.3%)

2% more capital invested

Capital invested by funds: $429M → $436M (+$7.55M)

6% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 48

Holders
173
Holders Change
+5
Holders Change %
+2.98%
% of All Funds
4.33%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.1%
New
30
Increased
45
Reduced
48
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$41.1M
2
Wells Fargo
Wells Fargo
California
+$17.7M
3
HighTower Advisors
HighTower Advisors
Illinois
+$4.66M
4
LCM
Landscape Capital Management
New Jersey
+$2.56M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$2.16M

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$8.11M
2
Morgan Stanley
Morgan Stanley
New York
-$4.57M
3
KIM
Karpus Investment Management
New York
-$3.17M
4
GC
Guggenheim Capital
Illinois
-$2.95M
5
VanEck Associates
VanEck Associates
New York
-$2.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
LYV
151
Live Your Vision
Pennsylvania
$20K – – –
CFS
152
Commonwealth Financial Services
West Virginia
$19K – – –
SEI Investments
153
SEI Investments
Pennsylvania
$19K +$18.9K +1,401 New
BC
154
Bartlett & Co
Ohio
$18K – – –
CFA
155
Carroll Financial Associates
North Carolina
$18K +$18.9K +1,398 New
CCM
156
Cribstone Capital Management
Maine
$17K – – –
DADC
157
D.A. Davidson & Co
Montana
$15K -$19.4K -1,439 -55%
WA
158
Winfield Associates
Ohio
$15K – – –
WA
159
WFG Advisors
Texas
$14K +$13.9K +1,028 New
AOWM
160
Alpha Omega Wealth Management
Virginia
$13K – – –
HCM
161
Highlander Capital Management
New Jersey
$13K – – –
FMII
162
Farmers & Merchants Investments Inc
Nebraska
$12K – – –
SBL
163
Sargent Bickham Lagudis
Colorado
$12K – – –
MRCM
164
M&R Capital Management
New Jersey
$9K – – –
ACS
165
Archford Capital Strategies
Illinois
$9K +$9.96K +737 New
MPWT
166
MassMutual Private Wealth & Trust
Connecticut
$7.63K +$7.73K +572 New
PFGIA
167
Patriot Financial Group Insurance Agency
Massachusetts
$6K +$6.54K +484 New
FANJ
168
Financial Architects (New Jersey)
New Jersey
$5K – – –
JCM
169
Jacobi Capital Management
Pennsylvania
$5K – – –
Northern Trust
170
Northern Trust
Illinois
$4K +$131K +9,721 +37%
AAP
171
Arax Advisory Partners
Colorado
$3K +$2.76K +204 New
LWM
172
LBA Wealth Management
Florida
$2K – – –
KTC
173
Kistler-Tiffany Companies
Pennsylvania
$1K – – –
WAMC
174
Western Asset Management Company
California
$1K – – –
CFN
175
Cordasco Financial Network
Florida
$1K +$541 +40 New
4 5 6
7
8

NEA Hedge Fund Activity: Q4 2016 in Review

173 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2016, worth a combined $436M — up 1.8% from $429M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new NEA positions and 23 closed out — a net gain of 7 holders — while 45 added to existing stakes and 48 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $41.1M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $8.11M sold.

  • 173 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2016, up from 168 in Q3 2016.
  • Funds reported $436M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2016, up 1.8% quarter-over-quarter.
  • 30 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2016 and 23 closed out, a net change of +7 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2016 was Rivernorth Capital Management, an estimated $41.1M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2016 was Laurion Capital Management, an estimated $8.11M sold.

Based on aggregated 13F filings for Q4 2016.