Nuveen AMT-Free Quality Municipal Income Fund
281 hedge funds and large institutions have $893M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 91 increasing their positions, 46 reducing their positions, and 15 closing their positions.
220% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 15
98% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 46
12% more funds holding
Funds holding: 251 → 281 (+30)
0% more capital invested
Capital invested by funds: $891M → $893M (+$1.6M)
0.83% less ownership
Funds ownership: 22.24% → 21.41% (-0.83%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$17M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$9.29M |
| 3 |
V
Veritable
Wilmington,
Delaware
|
+$4.25M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.3M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$3.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$51.2M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$8.69M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$6.46M |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$3.82M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$3.65M |
NEA Hedge Fund Activity: Q4 2020 in Review
281 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2020, worth a combined $893M — up 0.18% from $891M a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new NEA positions and 15 closed out — a net gain of 33 holders — while 91 added to existing stakes and 46 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $17M. The largest seller was Karpus Investment Management, cutting an estimated $51.2M.
- 281 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2020, up from 251 in Q3 2020.
- Funds reported $893M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2020, up 0.18% quarter-over-quarter.
- 48 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2020 and 15 closed out, a net change of +33 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2020 was Rivernorth Capital Management, an estimated $17M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2020 was Karpus Investment Management, an estimated $51.2M sold.
Based on aggregated 13F filings for Q4 2020.