Nuveen AMT-Free Municipal Credit Income Fund
245 hedge funds and large institutions have $405M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2020 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 74 increasing their positions, 50 reducing their positions, and 18 closing their positions.
139% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 18
48% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 50
11% more funds holding
Funds holding: 220 → 245 (+25)
4% more capital invested
Capital invested by funds: $391M → $405M (+$14.3M)
0.37% less ownership
Funds ownership: 11.66% → 11.29% (-0.37%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$4.4M |
| 2 |
N
Natixis
Paris,
France
|
+$3.71M |
| 3 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
+$1.74M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.62M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$14.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$13.3M |
| 3 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$4.16M |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
-$2.63M |
| 5 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$1.25M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WSFS
251
Wilmington Savings Fund Society
Wilmington,
Delaware
| – | -$161K | -10,279 | Closed |
|
|
CF
252
Centaurus Financial
Anaheim,
California
| – | -$119K | -7,578 | Closed |
|
|
CHAM
253
Clear Harbor Asset Management
Stamford,
Connecticut
| – | -$74.7K | -4,773 | Closed |
|
254
Bessemer Group
Woodbridge,
New Jersey
| – | -$59K | -3,745 | Closed |
|
|
CCM
255
Chiron Capital Management
Tallahassee,
Florida
| – | -$36K | -2,310 | Closed |
|
|
PFS
256
Prospera Financial Services
Dallas,
Texas
| – | -$16K | -1,000 | Closed |
|
257
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$11K | -675 | Closed |
|
|
CTC
258
Central Trust Company
Jefferson City,
Missouri
| – | -$11K | -673 | Closed |
|
|
WAM
259
Wolverine Asset Management
Chicago,
Illinois
| – | -$6K | -413 | Closed |
|
|
FCA
260
FinTrust Capital Advisors
Greenville,
South Carolina
| – | -$3 | -169 | Closed |
|
261
Fidelity Investments
Boston,
Massachusetts
| – | +$16 | +1 | New |
|
|
CFO
262
CVA Family Office
Denver,
Colorado
| – | +$338 | +21 | New |
|
NVG Hedge Fund Activity: Q4 2020 in Review
245 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2020, worth a combined $405M — up 3.6% from $391M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new NVG positions and 18 closed out — a net gain of 25 holders — while 74 added to existing stakes and 50 trimmed.
The largest buyer was Kestra Advisory Services, adding an estimated $4.4M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $14.3M sold.
- 245 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2020, up from 220 in Q3 2020.
- Funds reported $405M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2020, up 3.6% quarter-over-quarter.
- 43 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2020 and 18 closed out, a net change of +25 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2020 was Kestra Advisory Services, an estimated $4.4M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2020 was Robinson Capital Management, an estimated $14.3M sold.
Based on aggregated 13F filings for Q4 2020.