Nuveen AMT-Free Quality Municipal Income Fund
251 hedge funds and large institutions have $891M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 79 increasing their positions, 49 reducing their positions, and 12 closing their positions.
125% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 12
61% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 49
6% more funds holding
Funds holding: 237 → 251 (+14)
2.05% less ownership
Funds ownership: 24.29% → 22.24% (-2%)
5% less capital invested
Capital invested by funds: $941M → $891M (-$49.4M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$23.1M |
| 2 |
JP Morgan Chase
New York
|
+$3.57M |
| 3 |
V
Veritable
Wilmington,
Delaware
|
+$3.29M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$2.42M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$1.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$45.9M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$26M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$24.5M |
| 4 |
BlackRock
New York
|
-$17.6M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$8.84M |
NEA Hedge Fund Activity: Q3 2020 in Review
251 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2020, worth a combined $891M — down 5.3% from $941M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new NEA positions and 12 closed out — a net gain of 15 holders — while 79 added to existing stakes and 49 trimmed.
The largest buyer was Bramshill Investments, adding an estimated $23.1M. The largest seller was Wells Fargo, cutting an estimated $45.9M.
- 251 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2020, up from 237 in Q2 2020.
- Funds reported $891M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2020, down 5.3% quarter-over-quarter.
- 27 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2020 and 12 closed out, a net change of +15 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2020 was Bramshill Investments, an estimated $23.1M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2020 was Wells Fargo, an estimated $45.9M sold.
Based on aggregated 13F filings for Q3 2020.