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 20 funds opening new positions, 75 increasing their positions, 58 reducing their positions, and 34 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 58
6% more capital invested
Capital invested by funds: $888M → $941M (+$53.5M)
0.77% more ownership
Funds ownership: 23.52% → 24.29% (+0.77%)
7% less funds holding
Funds holding: 255 → 237 (-18)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
41% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$36.2M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$17.4M |
| 3 |
BlackRock
New York
|
+$17.1M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$16.1M |
| 5 |
Rockefeller Capital Management
New York
|
+$4.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$30.6M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$8.14M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$7.24M |
| 4 |
Morgan Stanley
New York
|
-$6.01M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$4.41M |
NEA Hedge Fund Activity: Q2 2020 in Review
237 of the 4,888 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 $888M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of NEA and 20 opened new positions — a net loss of 14 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 255 in Q1 2020.
- Funds reported $941M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q2 2020, up 6% quarter-over-quarter.
- 20 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q2 2020 and 34 closed out, a net change of -14 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.