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Nuveen AMT-Free Quality Municipal Income Fund

77 hedge funds and large institutions have $94.1M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

1% more funds holding

Funds holding: 7677 (+1)

0% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 21

0.48% less ownership

Funds ownership: 9.04%8.56% (-0.48%)

3% less capital invested

Capital invested by funds: $96.9M → $94.1M (-$2.83M)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
77
Holders Change
+1
Holders Change %
+1.32%
% of All Funds
2.21%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
9
Increased
21
Reduced
21
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$12.8M -$734K -55,063 -5%
OHA
2
Oak Hill Advisors
New York
$11M
OA
3
Oxbow Advisors
Texas
$9.7M +$1.31M +98,059 +16%
Morgan Stanley
4
Morgan Stanley
New York
$7.71M -$1.95M -146,459 -20%
PPA
5
Parametric Portfolio Associates
Washington
$7.6M +$541K +40,556 +8%
U
6
UBS
Switzerland
$6.08M -$145K -10,906 -2%
Bank of America
7
Bank of America
North Carolina
$5.94M +$1.36M +102,315 +30%
LPL Financial
8
LPL Financial
California
$3.1M -$128K -9,571 -4%
BTS
9
BB&T Securities
Virginia
$2.65M -$199K -14,898 -43%
GEM
10
Global Endowment Management
North Carolina
$2.46M -$1.92M -144,000 -44%
AQR Capital Management
11
AQR Capital Management
Connecticut
$2.11M -$95K -7,132 -4%
DLG
12
Daniel L. Goodwin
$2.06M
DC
13
Davenport & Co
Virginia
$1.93M +$240 +18 +0%
FAAS
14
First Allied Advisory Services
California
$1.62M -$16.2K -1,214 -1%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$1.28M +$90.7K +6,807 +8%
GC
16
Guggenheim Capital
Illinois
$1.16M -$2.95M -221,318 -72%
Wells Fargo
17
Wells Fargo
California
$1.14M +$176K +13,217 +19%
HighTower Advisors
18
HighTower Advisors
Illinois
$1M +$2.12K +159 +0.2%
VanEck Associates
19
VanEck Associates
New York
$988K +$175K +13,113 +22%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$941K -$50.6K -3,795 -5%
HK
21
Horizon Kinetics
New York
$848K -$13.4K -1,008 -2%
RJFSA
22
Raymond James Financial Services Advisors
Florida
$842K -$120K -9,031 -13%
Lazard Asset Management
23
Lazard Asset Management
New York
$668K
RJA
24
Raymond James & Associates
Florida
$656K +$218K +16,390 +51%
TCM
25
Tradewinds Capital Management
Washington
$614K

NEA Hedge Fund Activity: Q2 2014 in Review

77 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q2 2014, worth a combined $94.1M — down 2.9% from $96.9M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new NEA positions and 8 closed out — a net gain of 1 holder — while 21 added to existing stakes and 21 trimmed.

The largest buyer was Bank of America, adding an estimated $1.36M. The largest seller was Guggenheim Capital, cutting an estimated $2.95M.

  • 77 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q2 2014, up from 76 in Q1 2014.
  • Funds reported $94.1M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q2 2014, down 2.9% quarter-over-quarter.
  • 9 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q2 2014 and 8 closed out, a net change of +1 holder.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q2 2014 was Bank of America, an estimated $1.36M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q2 2014 was Guggenheim Capital, an estimated $2.95M sold.

Based on aggregated 13F filings for Q2 2014.