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Nuveen AMT-Free Quality Municipal Income Fund
NEA

237 hedge funds and large institutions have $941M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 75 increasing their positions, 58 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 58

6% more capital invested

Capital invested by funds: $887M → $941M (+$53.5M)

0.74% more ownership

Funds ownership: 23.54% → 24.29% (+0.74%)

7% less funds holding

Funds holding: 256 → 237 (-19)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

44% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 34

Holders
237
Holders Change
-19
Holders Change %
-7.42%
% of All Funds
4.86%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.12%
New
19
Increased
75
Reduced
58
Closed
34
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$36.2M
2
BI
Bramshill Investments
Florida
+$17.4M
3
BlackRock
BlackRock
New York
+$17.1M
4
GC
Guggenheim Capital
Illinois
+$16.1M
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$4.73M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$30.6M
2
OA
Oxbow Advisors
Texas
-$8.14M
3
Wells Fargo
Wells Fargo
California
-$7.24M
4
Morgan Stanley
Morgan Stanley
New York
-$6.01M
5
Stifel Financial
Stifel Financial
Missouri
-$4.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
BHWM
151
Bar Harbor Wealth Management
New Hampshire
$194K – – –
EP
152
Eudaimonia Partners
Tennessee
$194K – – –
SWM
153
SeaCrest Wealth Management
New York
$189K +$865 +64 +0.5%
CGFA
154
Colton Groome Financial Advisors
North Carolina
$185K +$180K +13,334 New
MOS
155
MGO One Seven
Ohio
$182K +$13K +961 +8%
CCG
156
Ceeto Capital Group
Florida
$181K – – –
PVWM
157
Point View Wealth Management
New Jersey
$181K – – –
CFB
158
Cullen/Frost Bankers
Texas
$178K – – –
NA
159
NewEdge Advisors
Louisiana
$175K -$78.6K -5,813 -32%
BAS
160
Brown Advisory Securities
Maryland
$175K – – –
PWPS
161
Pinnacle Wealth Planning Services
Ohio
$174K +$6.12K +453 +4%
SVWAG
162
Sound View Wealth Advisors Group
Georgia
$172K +$446 +33 +0.3%
NSIM
163
North Star Investment Management
Illinois
$169K – – –
MA
164
Mutual Advisors
Nebraska
$169K +$554 +41 +0.3%
TJHA
165
Thomas J. Herzfeld Advisors
Florida
$168K – – –
CB
166
Commerce Bank
Missouri
$168K +$164K +12,112 New
MCM
167
Maryland Capital Management
Maryland
$167K -$165K -12,184 -50%
CT
168
Caldwell Trust
Florida
$167K – – –
DHFB
169
Dixon Hubard Feinour & Brown
Virginia
$164K – – –
KeyBank National Association
170
KeyBank National Association
Ohio
$160K -$14.9K -1,100 -9%
UR
171
USCA RIA
Texas
$160K – – –
PTP
172
Platform Technology Partners
New York
$155K – – –
FUBT
173
First United Bank & Trust
Maryland
$153K – – –
IFG
174
Independent Financial Group
California
$151K – – –
HSA
175
HBK Sorce Advisory
Pennsylvania
$150K – – –
5 6
7
8 9

NEA Hedge Fund Activity: Q2 2020 in Review

237 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q2 2020, worth a combined $941M — up 6% from $887M a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of NEA and 19 opened new positions — a net loss of 15 holders — while 58 trimmed existing stakes and 75 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $36.2M. The largest seller was Karpus Investment Management, cutting an estimated $30.6M.

  • 237 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q2 2020, down from 256 in Q1 2020.
  • Funds reported $941M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q2 2020, up 6% quarter-over-quarter.
  • 19 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q2 2020 and 34 closed out, a net change of -15 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $36.2M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q2 2020 was Karpus Investment Management, an estimated $30.6M sold.

Based on aggregated 13F filings for Q2 2020.