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Nuveen AMT-Free Municipal Credit Income Fund
NVG

174 hedge funds and large institutions have $380M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2016 Q2 according to their latest regulatory filings, with 131 funds opening new positions, 39 increasing their positions, 1 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,800% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 1

1,210% more first-time investments, than exits

New positions opened: 131 | Existing positions closed: 10

304% more capital invested

Capital invested by funds: $94M → $380M (+$286M)

228% more funds holding

Funds holding: 53 → 174 (+121)

13.33% less ownership

Funds ownership: 24.86% → 11.53% (-13%)

Holders
174
Holders Change
+121
Holders Change %
+228.3%
% of All Funds
4.64%
Holding in Top 10
5
Holding in Top 10 Change
+5
Holding in Top 10 Change %
% of All Funds
0.13%
New
131
Increased
39
Reduced
1
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$32.6M
2
Morgan Stanley
Morgan Stanley
New York
+$31.4M
3
KIM
Karpus Investment Management
New York
+$25.2M
4
Wells Fargo
Wells Fargo
California
+$16.7M
5
OHA
Oak Hill Advisors
New York
+$12.5M

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$9.09M
2
RCM
Rivernorth Capital Management
Florida
-$2.71M
3
CCP
Clough Capital Partners
Massachusetts
-$746K
4
WAM
Weiss Asset Management
Massachusetts
-$465K
5
YCM
Yakira Capital Management
Connecticut
-$453K
Name Holding Trade Value Shares
Change 		Change in
Stake
VC
26
Vicus Capital
Pennsylvania
$3.02M +$2.9M +185,468 New
ABC
27
Associated Banc-Corp
Wisconsin
$2.94M +$2.83M +180,717 New
SLA
28
Silver Lake Advisory
Utah
$2.66M +$2.56M +163,391 New
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$2.44M +$2.27M +144,993 +2,736%
RJFSA
30
Raymond James Financial Services Advisors
Florida
$2.44M +$2.13M +136,303 +1,001%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$2.32M +$1.95M +124,845 +710%
USAA
32
United Services Automobile Association
Texas
$2.19M +$2.11M +134,502 New
PA
33
Pinnacle Associates
New York
$2.11M +$2.04M +130,020 New
AG
34
Advisor Group
Arizona
$2.06M +$1.98M +126,587 New
YMRC
35
Yorktown Management & Research Company
Virginia
$2.03M +$157K +10,000 +9%
SIA
36
Sit Investment Associates
Minnesota
$1.99M +$22.5K +1,439 +1%
IA
37
IFP Advisors
Florida
$1.91M +$1.83M +116,815 +17,461%
TC
38
Telemus Capital
Michigan
$1.63M +$1.57M +100,370 New
YP
39
Yellowstone Partners
Idaho
$1.62M +$858K +54,798 +122%
JIR
40
James Investment Research
Ohio
$1.59M +$1.53M +97,545 New
TCM
41
Tradewinds Capital Management
Washington
$1.42M +$1.12M +71,843 +460%
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$1.37M +$1.3M +82,876 +5,499%
Koshinski Asset Management
43
Koshinski Asset Management
Illinois
$1.35M +$1.3M +83,289 New
TIM
44
Tortoise Investment Management
New York
$1.31M +$1.26M +80,704 New
NPC
45
National Planning Corporation
California
$1.25M +$108K +6,922 +10%
First Trust Advisors
46
First Trust Advisors
Illinois
$1.2M +$36.1K +2,305 +3%
SFA
47
Sequoia Financial Advisors
Ohio
$1.19M +$1.15M +73,355 New
RVPG
48
Relative Value Partners Group
$1.18M +$1.14M +72,854 New
BKA
49
Brick & Kyle Associates
Pennsylvania
$1.07M +$1.03M +66,024 New
DC
50
Davenport & Co
Virginia
$1.03M +$994K +63,514 New
1
2
3 4 5

NVG Hedge Fund Activity: Q2 2016 in Review

174 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2016, worth a combined $380M — up 304% from $94M a quarter earlier.

Buyers outnumbered sellers: 131 funds opened new NVG positions and 10 closed out — a net gain of 121 holders — while 39 added to existing stakes and 1 trimmed.

The largest buyer was UBS Group, adding an estimated $32.6M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $9.09M sold.

  • 174 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2016, up from 53 in Q1 2016.
  • Funds reported $380M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2016, up 304% quarter-over-quarter.
  • 131 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2016 and 10 closed out, a net change of +121 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2016 was UBS Group, an estimated $32.6M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $9.09M sold.

Based on aggregated 13F filings for Q2 2016.