Nuveen AMT-Free Quality Municipal Income Fund
85 hedge funds and large institutions have $94.9M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 25 reducing their positions, and 14 closing their positions.
1.42% less ownership
Funds ownership: 9.79% → 8.37% (-1.4%)
10% less funds holding
Funds holding: 94 → 85 (-9)
12% less capital invested
Capital invested by funds: $108M → $94.9M (-$12.8M)
16% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 25
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$711K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$648K |
| 3 |
LPL Financial
San Diego,
California
|
+$467K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$280K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$249K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$4.85M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$2.51M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2.36M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$2.3M |
| 5 |
Morgan Stanley
New York
|
-$1.58M |
NEA Hedge Fund Activity: Q1 2016 in Review
85 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2016, worth a combined $94.9M — down 12% from $108M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NEA and 6 opened new positions — a net loss of 8 holders — while 25 trimmed existing stakes and 21 added.
The largest buyer was VanEck Associates, adding an estimated $711K. The largest seller was McGowan Group Asset Management, exiting entirely with an estimated $4.85M sold.
- 85 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2016, down from 94 in Q4 2015.
- Funds reported $94.9M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2016, down 12% quarter-over-quarter.
- 6 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2016 and 14 closed out, a net change of -8 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2016 was VanEck Associates, an estimated $711K added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2016 was McGowan Group Asset Management, an estimated $4.85M sold.
Based on aggregated 13F filings for Q1 2016.