Nuveen AMT-Free Quality Municipal Income Fund
216 hedge funds and large institutions have $734M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 58 increasing their positions, 53 reducing their positions, and 34 closing their positions.
18% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 34
11% more capital invested
Capital invested by funds: $659M → $734M (+$75M)
3.45% more ownership
Funds ownership: 19.21% → 22.66% (+3.4%)
1% more funds holding
Funds holding: 213 → 216 (+3)
9% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 53
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$76M |
| 2 |
V
Veritable
Wilmington,
Delaware
|
+$18.7M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$16M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.74M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$4.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$14.3M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$6.28M |
| 3 |
LB
Landmark Bank
Columbia,
Missouri
|
-$5.56M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$4.28M |
| 5 |
Morgan Stanley
New York
|
-$3.69M |
NEA Hedge Fund Activity: Q4 2018 in Review
216 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q4 2018, worth a combined $734M — up 11% from $659M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new NEA positions and 34 closed out — a net gain of 6 holders — while 58 added to existing stakes and 53 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $76M. The largest seller was UBS Group, cutting an estimated $14.3M.
- 216 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q4 2018, up from 213 in Q3 2018.
- Funds reported $734M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q4 2018, up 11% quarter-over-quarter.
- 40 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q4 2018 and 34 closed out, a net change of +6 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q4 2018 was Karpus Investment Management, an estimated $76M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q4 2018 was UBS Group, an estimated $14.3M sold.
Based on aggregated 13F filings for Q4 2018.