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Nuveen AMT-Free Quality Municipal Income Fund

237 hedge funds and large institutions have $941M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 75 increasing their positions, 58 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 58

6% more capital invested

Capital invested by funds: $887M → $941M (+$53.5M)

0.74% more ownership

Funds ownership: 23.54%24.29% (+0.74%)

7% less funds holding

Funds holding: 256237 (-19)

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

44% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 34

Holders
237
Holders Change
-19
Holders Change %
-7.42%
% of All Funds
4.86%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.12%
New
19
Increased
75
Reduced
58
Closed
34
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$95.4M +$36.2M +2,681,487 +64%
Morgan Stanley
2
Morgan Stanley
New York
$83.7M -$6.01M -444,779 -7%
KIM
3
Karpus Investment Management
New York
$82.4M -$30.6M -2,261,297 -28%
Wells Fargo
4
Wells Fargo
California
$80.7M -$7.24M -535,385 -8%
PPA
5
Parametric Portfolio Associates
Washington
$59.5M +$910K +67,294 +2%
GC
6
Guggenheim Capital
Illinois
$57.8M +$16.1M +1,194,350 +40%
BI
7
Bramshill Investments
Florida
$40.3M +$17.4M +1,287,190 +80%
SIA
8
Sit Investment Associates
Minnesota
$35.3M -$1.13M -83,880 -3%
UBS Group
9
UBS Group
Switzerland
$31.9M +$121K +8,987 +0.4%
MSL
10
Mackay Shields LLC
New York
$25M
V
11
Veritable
Delaware
$18.4M -$1.86M -137,296 -9%
Bank of America
12
Bank of America
North Carolina
$17.8M -$960K -71,029 -5%
BlackRock
13
BlackRock
New York
$17.6M +$17.1M +1,264,959 New
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$12.5M +$1.33M +98,464 +12%
VanEck Associates
15
VanEck Associates
New York
$12.2M +$1.09M +80,813 +10%
COLIM
16
City of London Investment Management
United Kingdom
$11.4M -$1.06M -78,200 -9%
RJA
17
Raymond James & Associates
Florida
$10.3M +$130K +9,614 +1%
Stifel Financial
18
Stifel Financial
Missouri
$8.7M -$4.41M -326,172 -34%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$8.41M +$51.8K +3,834 +0.6%
HighTower Advisors
20
HighTower Advisors
Illinois
$8.08M +$216K +15,967 +3%
OA
21
Oxbow Advisors
Texas
$8.02M -$8.14M -602,279 -51%
HKAM
22
Horizon Kinetics Asset Management
New York
$7.49M -$176K -12,989 -2%
DFG
23
Delphi Financial Group
Delaware
$6.96M +$541K +40,000 +9%
1CP
24
1607 Capital Partners
Virginia
$6.4M -$1.37M -101,703 -18%
RJFSA
25
Raymond James Financial Services Advisors
Florida
$6.36M +$809K +59,889 +15%

NEA Hedge Fund Activity: Q2 2020 in Review

237 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q2 2020, worth a combined $941M — up 6% from $887M a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of NEA and 19 opened new positions — a net loss of 15 holders — while 58 trimmed existing stakes and 75 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $36.2M. The largest seller was Karpus Investment Management, cutting an estimated $30.6M.

  • 237 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q2 2020, down from 256 in Q1 2020.
  • Funds reported $941M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q2 2020, up 6% quarter-over-quarter.
  • 19 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q2 2020 and 34 closed out, a net change of -15 holders.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $36.2M added.
  • The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q2 2020 was Karpus Investment Management, an estimated $30.6M sold.

Based on aggregated 13F filings for Q2 2020.