Nuveen AMT-Free Quality Municipal Income Fund
280 hedge funds and large institutions have $995M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2021 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 100 increasing their positions, 62 reducing their positions, and 33 closing their positions.
61% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 62
18% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 33
11% more capital invested
Capital invested by funds: $893M → $995M (+$102M)
1.05% more ownership
Funds ownership: 21.41% → 22.46% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0% less funds holding
Funds holding: 281 → 280 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$46.7M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$34.9M |
| 3 |
V
Veritable
Wilmington,
Delaware
|
+$5.75M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.47M |
| 5 |
MSL
Mackay Shields LLC
New York
|
+$4.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$7.51M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$4.65M |
| 3 |
Morgan Stanley
New York
|
-$3.51M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$2.5M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.2M |
NEA Hedge Fund Activity: Q1 2021 in Review
280 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2021, worth a combined $995M — up 11% from $893M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new NEA positions and 33 closed out — a net gain of 6 holders — while 100 added to existing stakes and 62 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $46.7M. The largest seller was Wells Fargo, cutting an estimated $7.51M.
- 280 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2021, down from 281 in Q4 2020.
- Funds reported $995M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2021, up 11% quarter-over-quarter.
- 39 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2021 and 33 closed out, a net change of +6 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2021 was Rivernorth Capital Management, an estimated $46.7M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2021 was Wells Fargo, an estimated $7.51M sold.
Based on aggregated 13F filings for Q1 2021.