Nuveen AMT-Free Quality Municipal Income Fund
69 hedge funds and large institutions have $95M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 16 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
0.23% more ownership
Funds ownership: 9.37% → 9.6% (+0.23%)
1% less capital invested
Capital invested by funds: $96.3M → $95M (-$1.22M)
9% less funds holding
Funds holding: 76 → 69 (-7)
44% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$8.54M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$2.52M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
+$2.44M |
| 4 |
Morgan Stanley
New York
|
+$1.67M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$4.14M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$3.25M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.46M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.36M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.01M |
NEA Hedge Fund Activity: Q3 2013 in Review
69 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2013, worth a combined $95M — down 1.3% from $96.3M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NEA and 9 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 22 added.
The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $8.54M. The largest seller was Invesco, cutting an estimated $4.14M.
- 69 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2013, down from 76 in Q2 2013.
- Funds reported $95M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2013, down 1.3% quarter-over-quarter.
- 9 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2013 and 16 closed out, a net change of -7 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2013 was Fir Tree Capital Management, an estimated $8.54M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2013 was Invesco, an estimated $4.14M sold.
Based on aggregated 13F filings for Q3 2013.