Nuveen AMT-Free Quality Municipal Income Fund
180 hedge funds and large institutions have $518M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2017 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 53 increasing their positions, 44 reducing their positions, and 11 closing their positions.
64% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 11
20% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 44
9% more capital invested
Capital invested by funds: $476M → $518M (+$41.9M)
4% more funds holding
Funds holding: 173 → 180 (+7)
0.99% more ownership
Funds ownership: 13.23% → 14.22% (+0.99%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$16.5M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$12.1M |
| 3 |
Morgan Stanley
New York
|
+$7.75M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.15M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.76M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$2.47M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.71M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$785K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$638K |
NEA Hedge Fund Activity: Q3 2017 in Review
180 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2017, worth a combined $518M — up 8.8% from $476M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NEA positions and 11 closed out — a net gain of 7 holders — while 53 added to existing stakes and 44 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $16.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.76M.
- 180 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2017, up from 173 in Q2 2017.
- Funds reported $518M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2017, up 8.8% quarter-over-quarter.
- 18 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2017 and 11 closed out, a net change of +7 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2017 was Parametric Portfolio Associates, an estimated $16.5M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2017 was Rivernorth Capital Management, an estimated $5.76M sold.
Based on aggregated 13F filings for Q3 2017.