Nuveen AMT-Free Municipal Credit Income Fund
250 hedge funds and large institutions have $364M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2022 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 57 increasing their positions, 82 reducing their positions, and 36 closing their positions.
44% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 36
26% more capital invested
Capital invested by funds: $289M → $364M (+$74.6M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
5% more funds holding
Funds holding: 239 → 250 (+11)
2.51% more ownership
Funds ownership: 11.58% → 14.08% (+2.5%)
30% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 82
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$12.3M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$10.9M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$7.78M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$6.81M |
| 5 |
Morgan Stanley
New York
|
+$6.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.42M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$3.62M |
| 3 |
WF
Welch & Forbes
Boston,
Massachusetts
|
-$2.24M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.85M |
| 5 |
LPL Financial
San Diego,
California
|
-$1.59M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SA
276
SRH Advisors
Salina,
Kansas
| – | -$46K | -3,915 | Closed |
|
|
FIA
277
FNY Investment Advisers
New York
| – | -$44K | -3,800 | Closed |
|
|
CTB
278
Country Trust Bank
Bloomington,
Illinois
| – | -$38K | -3,232 | Closed |
|
|
CB
279
Community Bank
Dewitt,
New York
| – | -$35K | -3,000 | Closed |
|
280
BNP Paribas Financial Markets
Paris,
France
| – | -$14.3K | -1,223 | Closed |
|
|
CYG
281
Clean Yield Group
Norwich,
Vermont
| – | -$13K | -1,072 | Closed |
|
|
HGERS
282
Householder Group Estate & Retirement Specialist
Scottsdale,
Arizona
| – | -$9K | -800 | Closed |
|
|
CHA
283
Carmichael Hill & Associates
Gaithersburg,
Maryland
| – | -$8K | -711 | Closed |
|
|
WAM
284
Wolverine Asset Management
Chicago,
Illinois
| – | -$6K | -562 | Closed |
|
|
TRCT
285
Tower Research Capital (TRC)
New York
| – | +$352 | +30 | +429% |
|
|
WAS
286
Winch Advisory Services
Appleton,
Wisconsin
| – | +$458 | +39 | New |
|
NVG Hedge Fund Activity: Q4 2022 in Review
250 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2022, worth a combined $364M — up 26% from $289M a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new NVG positions and 36 closed out — a net gain of 16 holders — while 57 added to existing stakes and 82 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $12.3M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $4.42M.
- 250 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2022, up from 239 in Q3 2022.
- Funds reported $364M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2022, up 26% quarter-over-quarter.
- 52 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2022 and 36 closed out, a net change of +16 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $12.3M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2022 was Raymond James Financial Services Advisors, an estimated $4.42M sold.
Based on aggregated 13F filings for Q4 2022.