Nuveen AMT-Free Quality Municipal Income Fund
173 hedge funds and large institutions have $435M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 45 increasing their positions, 48 reducing their positions, and 23 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
26% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 23
2% more funds holding
Funds holding: 169 → 173 (+4)
1.21% more ownership
Funds ownership: 11.16% → 12.37% (+1.2%)
1% more capital invested
Capital invested by funds: $430M → $435M (+$4.36M)
6% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 48
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$41.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$17.7M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$4.66M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.56M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$8.11M |
| 2 |
Morgan Stanley
New York
|
-$4.57M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.17M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.95M |
| 5 |
VanEck Associates
New York
|
-$2.58M |
NEA Hedge Fund Activity: Q4 2016 in Review
173 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2016, worth a combined $435M — up 1% from $430M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new NEA positions and 23 closed out — a net gain of 6 holders — while 45 added to existing stakes and 48 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $41.1M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $8.11M sold.
- 173 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2016, up from 169 in Q3 2016.
- Funds reported $435M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2016, up 1% quarter-over-quarter.
- 29 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2016 and 23 closed out, a net change of +6 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2016 was Rivernorth Capital Management, an estimated $41.1M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2016 was Laurion Capital Management, an estimated $8.11M sold.
Based on aggregated 13F filings for Q4 2016.