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Nuveen AMT-Free Municipal Credit Income Fund
NVG

56 hedge funds and large institutions have $84.1M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2015 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 18 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

2.41% less ownership

Funds ownership: 21.96% → 19.55% (-2.4%)

3% less funds holding

Funds holding: 58 → 56 (-2)

10% less capital invested

Capital invested by funds: $93.6M → $84.1M (-$9.45M)

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

33% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 18

Holders
56
Holders Change
-2
Holders Change %
-3.45%
% of All Funds
1.49%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
8
Increased
12
Reduced
18
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PAM
PT Asset Management
Illinois
+$4.43M
2
Wells Fargo
Wells Fargo
California
+$3.71M
3
FIMG
Financial & Investment Management Group
Michigan
+$579K
4
AAM
Advisors Asset Management
Colorado
+$482K
5
WAM
Wolverine Asset Management
Illinois
+$352K

Top Sellers

1
KIM
Karpus Investment Management
New York
-$14.3M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$1.59M
3
BTS
BB&T Securities
Virginia
-$1.57M
4
IA
Icon Advisers
Colorado
-$1.04M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$787K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
26
PNC Financial Services Group
Pennsylvania
$325K -$1.59M -110,495 -83%
Bank of America
27
Bank of America
North Carolina
$310K -$42K -2,911 -12%
PVWM
28
Point View Wealth Management
New Jersey
$307K +$7.98K +553 +3%
LCM
29
Landscape Capital Management
New Jersey
$301K -$206K -14,247 -41%
DS
30
DRW Securities
Illinois
$274K – – –
EVC
31
Eidelman Virant Capital
Missouri
$265K -$15.9K -1,102 -6%
TCM
32
Tradewinds Capital Management
Washington
$227K – – –
UCFA
33
United Capital Financial Advisors
Texas
$208K – – –
DA
34
Doliver Advisors
Texas
$189K -$406K -28,174 -68%
CA
35
Cornerstone Advisors
North Carolina
$180K – – –
NL
36
NWAM LLC
Washington
$170K +$169K +11,687 New
SIA
37
Sit Investment Associates
Minnesota
$79K – – –
AIG
38
American International Group
New York
$78.5K +$21.6K +1,500 +38%
Fifth Third Bancorp
39
Fifth Third Bancorp
Ohio
$72K – – –
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$50K – – –
WCM
41
Wealthcare Capital Management
Virginia
$48K +$47.3K +3,280 New
BIM
42
BlackRock Investment Management
Delaware
$44K – – –
DADC
43
D.A. Davidson & Co
Montana
$43K – – –
US Bancorp
44
US Bancorp
Minnesota
$38K +$14.4K +1,000 +61%
Creative Planning
45
Creative Planning
Kansas
$30K -$28.8K -2,000 -49%
Citigroup
46
Citigroup
New York
$30K +$30K +2,081 New
FNBT
47
FineMark National Bank & Trust
Florida
$28K – – –
PAM
48
Panagora Asset Management
Massachusetts
$23K +$8.06K +559 +54%
WEC
49
Winslow Evans & Crocker
Massachusetts
$15.5K – – –
PSI
50
Pinnacle Summer Investments
Virginia
$15K -$188 -13 -93%
1
2
3

NVG Hedge Fund Activity: Q1 2015 in Review

56 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2015, worth a combined $84.1M — down 10% from $93.6M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NVG and 8 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 12 added.

The largest buyer was PT Asset Management, opening a new position worth an estimated $4.43M. The largest seller was Karpus Investment Management, cutting an estimated $14.3M.

  • 56 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2015, down from 58 in Q4 2014.
  • Funds reported $84.1M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2015, down 10% quarter-over-quarter.
  • 8 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2015 and 10 closed out, a net change of -2 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2015 was PT Asset Management, an estimated $4.43M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2015 was Karpus Investment Management, an estimated $14.3M sold.

Based on aggregated 13F filings for Q1 2015.