Nuveen AMT-Free Quality Municipal Income Fund
291 hedge funds and large institutions have $905M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 97 increasing their positions, 81 reducing their positions, and 32 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 81
8% more capital invested
Capital invested by funds: $839M → $905M (+$65.7M)
2.51% more ownership
Funds ownership: 24.71% → 27.22% (+2.5%)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
0% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 32
2% less funds holding
Funds holding: 296 → 291 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$84M |
| 2 |
Morgan Stanley
New York
|
+$14.7M |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$6.6M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$5.35M |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$5.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$29.7M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$24.4M |
| 3 |
MSL
Mackay Shields LLC
New York
|
-$4.21M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.48M |
| 5 |
IWA
IBEX Wealth Advisors
Bedminster,
New Jersey
|
-$2.13M |
NEA Hedge Fund Activity: Q1 2023 in Review
291 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2023, worth a combined $905M — up 7.8% from $839M a quarter earlier.
Fund positioning in NEA was balanced in Q1 2023: 32 funds opened new positions, 32 closed out, 97 added to existing stakes and 81 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $84M. The largest seller was Rivernorth Capital Management, cutting an estimated $29.7M.
- 291 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2023, down from 296 in Q4 2022.
- Funds reported $905M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2023, up 7.8% quarter-over-quarter.
- 32 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2023 and 32 closed out, a net change of 0 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $84M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2023 was Rivernorth Capital Management, an estimated $29.7M sold.
Based on aggregated 13F filings for Q1 2023.