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Nuveen AMT-Free Municipal Value Fund
NUW

42 hedge funds and large institutions have $85.5M invested in Nuveen AMT-Free Municipal Value Fund in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 11

1.22% more ownership

Funds ownership: 34.3% → 35.52% (+1.2%)

1% more capital invested

Capital invested by funds: $84.6M → $85.5M (+$918K)

2% less funds holding

Funds holding: 43 → 42 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
42
Holders Change
-1
Holders Change %
-2.33%
% of All Funds
0.67%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
18
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TIM
Tortoise Investment Management
New York
+$1.22M
2
Bank of America
Bank of America
North Carolina
+$1.16M
3
RJA
Raymond James & Associates
Florida
+$923K
4
RCM
Rivernorth Capital Management
Florida
+$863K
5
GC
Guggenheim Capital
Illinois
+$696K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$2.16M
2
MFG
Midwest Financial Group
Kansas
-$554K
3
Ameriprise
Ameriprise
Minnesota
-$413K
4
KIM
Karpus Investment Management
New York
-$321K
5
HighTower Advisors
HighTower Advisors
Illinois
-$215K
Name Holding Trade Value Shares
Change 		Change in
Stake
1CP
1
1607 Capital Partners
Virginia
$19.9M +$379K +28,024 +2%
KIM
2
Karpus Investment Management
New York
$14.5M -$321K -23,677 -2%
TIM
3
Tortoise Investment Management
New York
$9.55M +$1.22M +89,810 +14%
Morgan Stanley
4
Morgan Stanley
New York
$6.51M -$2.16M -159,725 -25%
GC
5
Guggenheim Capital
Illinois
$6.23M +$696K +51,411 +12%
RCM
6
Rivernorth Capital Management
Florida
$5.51M +$863K +63,772 +18%
HWAM
7
Hennion & Walsh Asset Management
New Jersey
$5.1M +$577K +42,607 +13%
Bank of America
8
Bank of America
North Carolina
$3.06M +$1.16M +85,715 +60%
UBS Group
9
UBS Group
Switzerland
$2.81M +$232K +17,107 +9%
Wells Fargo
10
Wells Fargo
California
$2.14M -$81.3K -6,009 -4%
VanEck Associates
11
VanEck Associates
New York
$1.52M +$248K +18,331 +19%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$974K +$370K +27,357 +60%
LPL Financial
13
LPL Financial
California
$960K +$313K +23,111 +48%
RJA
14
Raymond James & Associates
Florida
$914K +$923K +68,197 New
WAM
15
Wakefield Asset Management
Colorado
$862K -$137K -10,108 -14%
KAS
16
Kestra Advisory Services
Texas
$593K +$487 +36 +0.1%
MWM
17
Melfa Wealth Management
Massachusetts
$468K +$785 +58 +0.2%
Koshinski Asset Management
18
Koshinski Asset Management
Illinois
$369K +$176 +13 +0%
AWS
19
Atria Wealth Solutions
New York
$349K – – –
RIA
20
Realta Investment Advisors
Delaware
$347K – – –
TJHA
21
Thomas J. Herzfeld Advisors
Florida
$298K +$286K +21,156 +1,944%
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$292K -$6.94K -513 -2%
AFS
23
Access Financial Services
Minnesota
$279K – – –
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$248K -$63.9K -4,721 -20%
Ameriprise
25
Ameriprise
Minnesota
$247K -$413K -30,514 -62%
1
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NUW Hedge Fund Activity: Q3 2023 in Review

42 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Value Fund (NUW) for Q3 2023, worth a combined $85.5M — up 1.1% from $84.6M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of NUW and 5 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 18 added.

The largest buyer was Tortoise Investment Management, adding an estimated $1.22M. The largest seller was Morgan Stanley, cutting an estimated $2.16M.

  • 42 institutional investors held Nuveen AMT-Free Municipal Value Fund (NUW) as of Q3 2023, down from 43 in Q2 2023.
  • Funds reported $85.5M of Nuveen AMT-Free Municipal Value Fund stock for Q3 2023, up 1.1% quarter-over-quarter.
  • 5 funds opened new Nuveen AMT-Free Municipal Value Fund positions in Q3 2023 and 6 closed out, a net change of -1 holder.
  • The largest Nuveen AMT-Free Municipal Value Fund buyer in Q3 2023 was Tortoise Investment Management, an estimated $1.22M added.
  • The largest Nuveen AMT-Free Municipal Value Fund seller in Q3 2023 was Morgan Stanley, an estimated $2.16M sold.

Based on aggregated 13F filings for Q3 2023.