Nuveen AMT-Free Quality Municipal Income Fund
283 hedge funds and large institutions have $913M invested in Nuveen AMT-Free Quality Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 89 increasing their positions, 88 reducing their positions, and 29 closing their positions.
2.66% more ownership
Funds ownership: 28.75% → 31.41% (+2.7%)
1% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 88
3% less capital invested
Capital invested by funds: $940M → $913M (-$27.3M)
2% less funds holding
Funds holding: 290 → 283 (-7)
10% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 29
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$37.9M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$34.7M |
| 3 |
SCM
Saba Capital Management
New York
|
+$29.1M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$10.6M |
| 5 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$8.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$35.4M |
| 2 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$7.16M |
| 3 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$3.29M |
| 4 |
PCM
Penserra Capital Management
Orinda,
California
|
-$3.23M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.79M |
NEA Hedge Fund Activity: Q3 2023 in Review
283 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q3 2023, worth a combined $913M — down 2.9% from $940M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of NEA and 26 opened new positions — a net loss of 3 holders — while 88 trimmed existing stakes and 89 added.
The largest buyer was Karpus Investment Management, adding an estimated $37.9M. The largest seller was Morgan Stanley, cutting an estimated $35.4M.
- 283 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q3 2023, down from 290 in Q2 2023.
- Funds reported $913M of Nuveen AMT-Free Quality Municipal Income Fund stock for Q3 2023, down 2.9% quarter-over-quarter.
- 26 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q3 2023 and 29 closed out, a net change of -3 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q3 2023 was Karpus Investment Management, an estimated $37.9M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q3 2023 was Morgan Stanley, an estimated $35.4M sold.
Based on aggregated 13F filings for Q3 2023.