Nuveen AMT-Free Quality Municipal Income Fund
214 hedge funds and large institutions have $787M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 63 increasing their positions, 41 reducing their positions, and 26 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 41
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
7% more capital invested
Capital invested by funds: $734M → $787M (+$53.2M)
8% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 26
0.25% less ownership
Funds ownership: 22.66% → 22.41% (-0.25%)
1% less funds holding
Funds holding: 216 → 214 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$10.5M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.43M |
| 3 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$2.47M |
| 4 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$2.38M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$14.8M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$6.72M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$6.22M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$3.08M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.27M |
NEA Hedge Fund Activity: Q1 2019 in Review
214 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2019, worth a combined $787M — up 7.2% from $734M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new NEA positions and 26 closed out — a net gain of 2 holders — while 63 added to existing stakes and 41 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $10.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $14.8M.
- 214 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2019, down from 216 in Q4 2018.
- Funds reported $787M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2019, up 7.2% quarter-over-quarter.
- 28 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2019 and 26 closed out, a net change of +2 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2019 was Parametric Portfolio Associates, an estimated $10.5M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $14.8M sold.
Based on aggregated 13F filings for Q1 2019.