Nuveen AMT-Free Municipal Credit Income Fund
240 hedge funds and large institutions have $426M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2023 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 73 increasing their positions, 86 reducing their positions, and 22 closing their positions.
1.85% more ownership
Funds ownership: 17.46% → 19.31% (+1.9%)
2% less capital invested
Capital invested by funds: $436M → $426M (-$10.6M)
5% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 22
1% less funds holding
Funds holding: 243 → 240 (-3)
15% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 86
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$13.5M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$13.2M |
| 3 |
Morgan Stanley
New York
|
+$6.95M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$6.87M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$4.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.84M |
| 2 |
JFGIW
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
-$1.83M |
| 3 |
HFRG
Houlihan Financial Resource Group
Ashburn,
Virginia
|
-$1.82M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.81M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCA
251
Magnolia Capital Advisors
Jackson,
Mississippi
| – | -$122K | -10,446 | Closed |
|
252
Jane Street
New York
| – | -$118K | -10,102 | Closed |
|
|
S
253
SignatureFD
Atlanta,
Georgia
| – | -$93.6K | -8,000 | Closed |
|
|
PIAS
254
PCA Investment Advisory Services
Cincinnati,
Ohio
| – | -$32.4K | -2,772 | Closed |
|
|
FMP
255
Financial Management Professionals
Austin,
Texas
| – | -$17K | -1,426 | Closed |
|
|
N
256
Natixis
Paris,
France
| – | -$14.4K | -1,237 | Closed |
|
|
MTIC
257
Missouri Trust & Investment Company
Springfield,
Missouri
| – | -$6.75K | -577 | Closed |
|
258
JP Morgan Chase
New York
| – | -$5.23K | -447 | Closed |
|
|
CP
259
Castleview Partners
Dallas,
Texas
| – | -$3.13K | -268 | Closed |
|
|
FP
260
Financial Perspectives
Minneapolis,
Minnesota
| – | -$2.28K | -195 | Closed |
|
|
CFO
261
CVA Family Office
Denver,
Colorado
| – | -$491 | -42 | Closed |
|
|
WAS
262
Winch Advisory Services
Appleton,
Wisconsin
| – | +$11 | +1 | +3% |
|
NVG Hedge Fund Activity: Q3 2023 in Review
240 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2023, worth a combined $426M — down 2.4% from $436M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of NVG and 21 opened new positions — a net loss of 1 holder — while 86 trimmed existing stakes and 73 added.
The largest buyer was Saba Capital Management, adding an estimated $13.5M. The largest seller was Sit Investment Associates, cutting an estimated $3.84M.
- 240 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2023, down from 243 in Q2 2023.
- Funds reported $426M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2023, down 2.4% quarter-over-quarter.
- 21 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2023 and 22 closed out, a net change of -1 holder.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2023 was Saba Capital Management, an estimated $13.5M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2023 was Sit Investment Associates, an estimated $3.84M sold.
Based on aggregated 13F filings for Q3 2023.