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Nuveen AMT-Free Municipal Credit Income Fund

50 hedge funds and large institutions have $59.5M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more capital invested

Capital invested by funds: $48.8M → $59.5M (+$10.7M)

3.1% more ownership

Funds ownership: 12.2%15.3% (+3.1%)

7% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 15

2% less funds holding

Funds holding: 5150 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
50
Holders Change
-1
Holders Change %
-1.96%
% of All Funds
1.62%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
6
Increased
14
Reduced
15
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SIM
26
Sadoff Investment Management
Wisconsin
$364K
VanEck Associates
27
VanEck Associates
New York
$350K +$31.7K +2,542 +10%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$337K -$70.6K -5,661 -18%
SIA
29
Sit Investment Associates
Minnesota
$260K
LPL Financial
30
LPL Financial
California
$221K -$98.4K -7,889 -31%
UCFA
31
United Capital Financial Advisors
Texas
$184K -$93.6K -7,500 -34%
DS
32
DRW Securities
Illinois
$154K +$150K +11,993 New
MWM
33
Merriman Wealth Management
Washington
$152K +$150K +12,000 New
Comerica Bank
34
Comerica Bank
Texas
$148K
PP
35
Paloma Partners
Connecticut
$143K -$11.2K -900 -7%
WAM
36
Wolverine Asset Management
Illinois
$90K -$76.3K -6,118 -46%
PFO
37
Pathstone Family Office
New Jersey
$86K +$82.7K +6,626 New
BRWA
38
B. Riley Wealth Advisors
Florida
$74K -$31.3K -2,513 -30%
AIG
39
American International Group
New York
$55.6K +$48.8K +3,910 +830%
Creative Planning
40
Creative Planning
Kansas
$39K
BIM
41
BlackRock Investment Management
Delaware
$38K
DADC
42
D.A. Davidson & Co
Montana
$38K
FNBT
43
FineMark National Bank & Trust
Florida
$32K
US Bancorp
44
US Bancorp
Minnesota
$21K
TRCT
45
Tower Research Capital (TRC)
New York
$21K +$5.25K +421 +35%
Ameriprise
46
Ameriprise
Minnesota
$18K +$16.3K +1,303 +1,303%
NES
47
New England Securities
New York
$13K
PMFA
48
Plante Moran Financial Advisors
Michigan
$13K
SNT
49
Security National Trust
West Virginia
$10K
OFG
50
OTA Financial Group
New York
$265 -$131K -10,470 -33%

NVG Hedge Fund Activity: Q3 2013 in Review

50 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2013, worth a combined $59.5M — up 22% from $48.8M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of NVG and 6 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 14 added.

The largest buyer was Karpus Investment Management, adding an estimated $6.36M. The largest seller was Invesco, cutting an estimated $2.86M.

  • 50 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2013, down from 51 in Q2 2013.
  • Funds reported $59.5M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2013, up 22% quarter-over-quarter.
  • 6 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2013 and 7 closed out, a net change of -1 holder.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2013 was Karpus Investment Management, an estimated $6.36M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2013 was Invesco, an estimated $2.86M sold.

Based on aggregated 13F filings for Q3 2013.