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Nuveen AMT-Free Municipal Credit Income Fund
NVG

169 hedge funds and large institutions have $301M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 23

1% more funds holding

Funds holding: 168 → 169 (+1)

0.93% less ownership

Funds ownership: 11.08% → 10.15% (-0.93%)

7% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 42

7% less capital invested

Capital invested by funds: $326M → $301M (-$24.1M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
169
Holders Change
+1
Holders Change %
+0.6%
% of All Funds
4.21%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
25
Increased
39
Reduced
42
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$2.6M
2
Morgan Stanley
Morgan Stanley
New York
+$1.34M
3
LPL Financial
LPL Financial
California
+$1.14M
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.1M
5
CB
Commerce Bank
Missouri
+$759K

Top Sellers

1
IP
Ironsides Partners
Massachusetts
-$7.66M
2
Wells Fargo
Wells Fargo
California
-$7.06M
3
RCM
Rivernorth Capital Management
Florida
-$5.74M
4
KIM
Karpus Investment Management
New York
-$4.13M
5
OA
Oxbow Advisors
Texas
-$3.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$2.52M -$112K -7,711 -4%
Invesco
27
Invesco
Georgia
$2.51M -$47.1K -3,251 -2%
Ameriprise
28
Ameriprise
Minnesota
$2.44M +$2.6M +179,176 New
Cohen & Steers
29
Cohen & Steers
New York
$2.37M – – –
USAA
30
United Services Automobile Association
Texas
$1.97M – – –
AG
31
Advisor Group
Arizona
$1.97M +$60.9K +4,202 +3%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$1.91M -$232K -15,978 -11%
PA
33
Pinnacle Associates
New York
$1.91M +$1.94K +134 +0.1%
Koshinski Asset Management
34
Koshinski Asset Management
Illinois
$1.88M +$40K +2,758 +2%
IA
35
IFP Advisors
Florida
$1.85M -$78.9K -5,442 -4%
TCM
36
Tradewinds Capital Management
Washington
$1.7M -$3.1K -214 -0.2%
VC
37
Vicus Capital
Pennsylvania
$1.64M -$566K -39,019 -26%
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$1.54M – – –
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$1.3M -$34K -2,343 -3%
ICA
40
Infrastructure Capital Advisors
New York
$1.18M – – –
BTS
41
BB&T Securities
Virginia
$1.1M +$633K +43,664 +137%
SJIC
42
St. James Investment Company
Texas
$1.08M +$262K +18,063 +33%
KIM
43
Karpus Investment Management
New York
$999K -$4.13M -285,102 -81%
BKA
44
Brick & Kyle Associates
Pennsylvania
$997K +$232 +16 +0%
NPC
45
National Planning Corporation
California
$995K -$5.92K -408 -0.6%
SCM
46
Sterneck Capital Management
Missouri
$974K -$43.5K -3,000 -4%
TIM
47
Tortoise Investment Management
New York
$971K -$114K -7,871 -11%
SFA
48
Sequoia Financial Advisors
Ohio
$921K -$27.9K -1,925 -3%
First Trust Advisors
49
First Trust Advisors
Illinois
$863K -$131K -9,042 -13%
CIBC Private Wealth Group
50
CIBC Private Wealth Group
Georgia
$859K +$256K +17,680 +43%
1
2
3 4 5

NVG Hedge Fund Activity: Q1 2017 in Review

169 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2017, worth a combined $301M — down 7.4% from $326M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new NVG positions and 23 closed out — a net gain of 2 holders — while 39 added to existing stakes and 42 trimmed.

The largest buyer was Ameriprise, opening a new position worth an estimated $2.6M. The largest seller was Ironsides Partners, exiting entirely with an estimated $7.66M sold.

  • 169 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2017, up from 168 in Q4 2016.
  • Funds reported $301M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2017, down 7.4% quarter-over-quarter.
  • 25 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2017 and 23 closed out, a net change of +2 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2017 was Ameriprise, an estimated $2.6M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2017 was Ironsides Partners, an estimated $7.66M sold.

Based on aggregated 13F filings for Q1 2017.