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Nuveen AMT-Free Quality Municipal Income Fund
NEA

318 hedge funds and large institutions have $1.14B invested in Nuveen AMT-Free Quality Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 101 increasing their positions, 86 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 28

17% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 86

3% more funds holding

Funds holding: 308 → 318 (+10)

2.53% less ownership

Funds ownership: 36.89% → 34.36% (-2.5%)

6% less capital invested

Capital invested by funds: $1.22B → $1.14B (-$76.3M)

20% less funds holding in top 10

Funds holding in top 10: 10 → 8 (-2)

Holders
318
Holders Change
+10
Holders Change %
+3.25%
% of All Funds
4.58%
Holding in Top 10
8
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-20%
% of All Funds
0.12%
New
41
Increased
101
Reduced
86
Closed
28
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$12.4M
2
MSL
Mackay Shields LLC
New York
+$9.83M
3
SIA
Sit Investment Associates
Minnesota
+$9.2M
4
PCM
Penserra Capital Management
California
+$7.71M
5
Wells Fargo
Wells Fargo
California
+$4.32M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$116M
2
BI
Bramshill Investments
Florida
-$12.8M
3
RCM
Rivernorth Capital Management
Florida
-$6.08M
4
PCM
PenderFund Capital Management
British Columbia, Canada
-$5.16M
5
LSC
Logan Stone Capital
Illinois
-$4.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Financial Engines Advisors
176
Financial Engines Advisors
California
$232K – – –
BAM
177
Bayshore Asset Management
Florida
$224K +$222K +20,260 New
Susquehanna International Group
178
Susquehanna International Group
Pennsylvania
$223K -$252K -22,956 -53%
PA
179
PFG Advisors
Arizona
$223K +$44.6K +4,065 +25%
SRC
180
Shufro Rose & Co
New York
$216K – – –
Cerity Partners
181
Cerity Partners
New York
$215K – – –
Carson Wealth (CWM LLC)
182
Carson Wealth (CWM LLC)
Nebraska
$214K -$6.18K -563 -3%
IAMOG
183
Investors Asset Management of Georgia
Georgia
$211K +$77 +7 +0%
SAG
184
SageView Advisory Group
California
$210K +$11.7K +1,062 New
FAG
185
Fortitude Advisory Group
Washington
$209K – – –
IWM
186
IHT Wealth Management
Illinois
$207K -$56K -5,101 -21%
AWS
187
Atria Wealth Solutions
New York
$206K +$6.92K +631 +4%
AWM
188
AE Wealth Management
Kansas
$204K -$249K -22,732 -55%
MA
189
MBA Advisors
Pennsylvania
$204K – – –
CIA
190
Choate Investment Advisors
Massachusetts
$203K – – –
CT
191
Caldwell Trust
Florida
$201K – – –
Bank of New York Mellon
192
Bank of New York Mellon
New York
$197K -$1.09M -99,529 -85%
Neuberger Berman Group
193
Neuberger Berman Group
New York
$197K – – –
BHWM
194
Bar Harbor Wealth Management
New Hampshire
$196K – – –
BRWA
195
B. Riley Wealth Advisors
Florida
$196K -$132 -12 -0.1%
WANY
196
Wealthspire Advisors (New York)
New York
$196K – – –
Brown Advisory
197
Brown Advisory
Maryland
$195K +$193K +17,610 New
PCM
198
Pointe Capital Management
Michigan
$193K – – –
HCM
199
Hollencrest Capital Management
California
$192K – – –
VCM
200
Vivaldi Capital Management
Illinois
$187K – – –
6 7
8
9 10

NEA Hedge Fund Activity: Q1 2024 in Review

318 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2024, worth a combined $1.14B — down 6.3% from $1.22B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new NEA positions and 28 closed out — a net gain of 13 holders — while 101 added to existing stakes and 86 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $12.4M. The largest seller was Morgan Stanley, cutting an estimated $116M.

  • 318 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2024, up from 308 in Q4 2023.
  • Funds reported $1.14B of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2024, down 6.3% quarter-over-quarter.
  • 41 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2024 and 28 closed out, a net change of +13 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2024 was Karpus Investment Management, an estimated $12.4M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $116M sold.

Based on aggregated 13F filings for Q1 2024.