Nuveen AMT-Free Municipal Credit Income Fund
218 hedge funds and large institutions have $391M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2020 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 72 increasing their positions, 46 reducing their positions, and 24 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 46
5% more capital invested
Capital invested by funds: $371M → $391M (+$20M)
0.09% more ownership
Funds ownership: 11.82% → 11.91% (+0.09%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
8% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 24
2% less funds holding
Funds holding: 222 → 218 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$15.4M |
| 2 |
JFGIW
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
+$7.64M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$4.1M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.42M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$15.8M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$5.38M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$4.15M |
| 4 |
N
Natixis
Paris,
France
|
-$3.97M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.87M |
NVG Hedge Fund Activity: Q2 2020 in Review
218 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2020, worth a combined $391M — up 5.4% from $371M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of NVG and 22 opened new positions — a net loss of 2 holders — while 46 trimmed existing stakes and 72 added.
The largest buyer was Guggenheim Capital, adding an estimated $15.4M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $15.8M sold.
- 218 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2020, down from 222 in Q1 2020.
- Funds reported $391M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2020, up 5.4% quarter-over-quarter.
- 22 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2020 and 24 closed out, a net change of -2 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2020 was Guggenheim Capital, an estimated $15.4M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2020 was Karpus Investment Management, an estimated $15.8M sold.
Based on aggregated 13F filings for Q2 2020.