Nuveen AMT-Free Quality Municipal Income Fund
168 hedge funds and large institutions have $429M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2016 Q3 according to their latest regulatory filings, with 79 funds opening new positions, 64 increasing their positions, 9 reducing their positions, and 9 closing their positions.
778% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 9
611% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 9
358% more capital invested
Capital invested by funds: $93.5M → $429M (+$335M)
68% more funds holding
Funds holding: 100 → 168 (+68)
3.25% more ownership
Funds ownership: 7.87% → 11.12% (+3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$43.6M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$38.1M |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$26.7M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$24.6M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$20.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.37M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$938K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$633K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$399K |
| 5 |
IAA
Ironsides Asset Advisors
Rocky Mount,
North Carolina
|
-$390K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
176
Cornerstone Advisors
Asheville,
North Carolina
| – | -$155K | -10,300 | Closed |
|
177
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$58K | -3,917 | Closed |
|
|
EWM
178
Evercore Wealth Management
New York
| – | -$22K | -1,450 | Closed |
|
179
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$9K | -605 | Closed |
|
|
TWA
180
TCI Wealth Advisors
Tucson,
Arizona
| – | -$9K | -590 | Closed |
|
NEA Hedge Fund Activity: Q3 2016 in Review
168 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2016, worth a combined $429M — up 358% from $93.5M a quarter earlier.
Buyers outnumbered sellers: 79 funds opened new NEA positions and 9 closed out — a net gain of 70 holders — while 64 added to existing stakes and 9 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $43.6M. The largest seller was Curi RMB Capital, cutting an estimated $2.37M.
- 168 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2016, up from 100 in Q2 2016.
- Funds reported $429M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2016, up 358% quarter-over-quarter.
- 79 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2016 and 9 closed out, a net change of +70 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2016 was Morgan Stanley, an estimated $43.6M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2016 was Curi RMB Capital, an estimated $2.37M sold.
Based on aggregated 13F filings for Q3 2016.