Nuveen AMT-Free Municipal Credit Income Fund
250 hedge funds and large institutions have $403M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2025 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 83 increasing their positions, 62 reducing their positions, and 25 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 62
0.8% more ownership
Funds ownership: 16.6% → 17.4% (+0.8%)
5% less capital invested
Capital invested by funds: $423M → $403M (-$19.9M)
3% less funds holding
Funds holding: 257 → 250 (-7)
20% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 25
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GP
Gridiron Partners
Wexford,
Pennsylvania
|
+$51.9M |
| 2 |
LSIA
LaSalle St. Investment Advisors
Elmhurst,
Illinois
|
+$4.54M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$4.11M |
| 4 |
Morgan Stanley
New York
|
+$2.46M |
| 5 |
LPL Financial
San Diego,
California
|
+$2.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$15.7M |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$14.8M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$5.26M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$4.18M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.81M |
NVG Hedge Fund Activity: Q3 2025 in Review
250 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2025, worth a combined $403M — down 4.7% from $423M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of NVG and 20 opened new positions — a net loss of 5 holders — while 62 trimmed existing stakes and 83 added.
The largest buyer was Gridiron Partners, adding an estimated $51.9M. The largest seller was Rivernorth Capital Management, cutting an estimated $15.7M.
- 250 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2025, down from 257 in Q2 2025.
- Funds reported $403M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2025, down 4.7% quarter-over-quarter.
- 20 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2025 and 25 closed out, a net change of -5 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2025 was Gridiron Partners, an estimated $51.9M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2025 was Rivernorth Capital Management, an estimated $15.7M sold.
Based on aggregated 13F filings for Q3 2025.