Nuveen AMT-Free Quality Municipal Income Fund
79 hedge funds and large institutions have $92.4M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2013 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 11 closing their positions.
100% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 11
14% more funds holding
Funds holding: 69 → 79 (+10)
0.07% more ownership
Funds ownership: 9.6% → 9.66% (+0.07%)
3% less capital invested
Capital invested by funds: $95M → $92.4M (-$2.66M)
14% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.75M |
| 2 |
OHA
Oak Hill Advisors
New York
|
+$5.02M |
| 3 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$3.47M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$2.47M |
| 5 |
DC
Davenport & Co
Richmond,
Virginia
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$8.68M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.38M |
| 3 |
CRAM
Claren Road Asset Management
New York
|
-$5.03M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.89M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.07M |
NEA Hedge Fund Activity: Q4 2013 in Review
79 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2013, worth a combined $92.4M — down 2.8% from $95M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new NEA positions and 11 closed out — a net gain of 11 holders — while 19 added to existing stakes and 22 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $8.75M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $8.68M sold.
- 79 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2013, up from 69 in Q3 2013.
- Funds reported $92.4M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2013, down 2.8% quarter-over-quarter.
- 22 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2013 and 11 closed out, a net change of +11 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2013 was Karpus Investment Management, an estimated $8.75M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2013 was Fir Tree Capital Management, an estimated $8.68M sold.
Based on aggregated 13F filings for Q4 2013.