Nuveen AMT-Free Quality Municipal Income Fund
318 hedge funds and large institutions have $1.14B invested in Nuveen AMT-Free Quality Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 101 increasing their positions, 86 reducing their positions, and 28 closing their positions.
46% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 28
17% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 86
3% more funds holding
Funds holding: 308 → 318 (+10)
2.53% less ownership
Funds ownership: 36.89% → 34.36% (-2.5%)
6% less capital invested
Capital invested by funds: $1.22B → $1.14B (-$76.3M)
20% less funds holding in top 10
Funds holding in top 10: 10 → 8 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$12.4M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$9.83M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$9.2M |
| 4 |
PCM
Penserra Capital Management
Orinda,
California
|
+$7.71M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$4.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$116M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
-$12.8M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.08M |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$5.16M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$4.4M |
NEA Hedge Fund Activity: Q1 2024 in Review
318 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Quality Municipal Income Fund (NEA) for Q1 2024, worth a combined $1.14B — down 6.3% from $1.22B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new NEA positions and 28 closed out — a net gain of 13 holders — while 101 added to existing stakes and 86 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $12.4M. The largest seller was Morgan Stanley, cutting an estimated $116M.
- 318 institutional investors held Nuveen AMT-Free Quality Municipal Income Fund (NEA) as of Q1 2024, up from 308 in Q4 2023.
- Funds reported $1.14B of Nuveen AMT-Free Quality Municipal Income Fund stock for Q1 2024, down 6.3% quarter-over-quarter.
- 41 funds opened new Nuveen AMT-Free Quality Municipal Income Fund positions in Q1 2024 and 28 closed out, a net change of +13 holders.
- The largest Nuveen AMT-Free Quality Municipal Income Fund buyer in Q1 2024 was Karpus Investment Management, an estimated $12.4M added.
- The largest Nuveen AMT-Free Quality Municipal Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $116M sold.
Based on aggregated 13F filings for Q1 2024.