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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
NGA
176
Naples Global Advisors
Florida
$149K – – –
WQ
177
Wealth Quarterback
New Jersey
$149K +$1.74K +129 +1%
THWM
178
Taylor Hoffman Wealth Management
Virginia
$149K +$145K +10,729 New
CCFM
179
Clear Creek Financial Management
Washington
$147K +$143K +10,543 New
SCA
180
SMH Capital Advisors
Texas
$143K +$852 +63 +0.6%
EM
181
Excalibur Management
Massachusetts
$139K +$135K +10,000 New
BFEC
182
Benjamin F. Edwards & Company
Missouri
$116K -$140K -10,367 -55%
WB
183
Webster Bank
Connecticut
$105K – – –
EWM
184
Edge Wealth Management
New York
$87K -$2.4M -177,905 -97%
KPW
185
Kore Private Wealth
New York
$84K – – –
BFC
186
Bedel Financial Consulting
Indiana
$79K – – –
AF
187
Advisornet Financial
Minnesota
$75K +$541 +40 +0.7%
BWA
188
BDO Wealth Advisors
Florida
$70K +$67.6K +5,000 New
TCM
189
Tradewinds Capital Management
Washington
$68K – – –
SIC
190
Salem Investment Counselors
North Carolina
$56K – – –
PFSC
191
Peoples Financial Services Corp
Pennsylvania
$47K – – –
HFM
192
Hartford Financial Management
Connecticut
$42K – – –
APA
193
American Portfolios Advisors
New York
$42K – – –
WT
194
Washington Trust
Rhode Island
$41K – – –
SFS
195
Sowell Financial Services
Arkansas
$41K +$487 +36 +1%
S
196
SignatureFD
Georgia
$41K +$39.9K +2,955 New
RAM
197
Riggs Asset Management
Pennsylvania
$40K – – –
FMP
198
Financial Management Professionals
Texas
$36K – – –
HIA
199
Harbor Investment Advisory
Maryland
$35K – – –
PFGIA
200
Patriot Financial Group Insurance Agency
Massachusetts
$33K – – –
6 7
8
9 10

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.