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Nuveen AMT-Free Municipal Credit Income Fund
NVG

163 hedge funds and large institutions have $320M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 47 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

6% more capital invested

Capital invested by funds: $301M → $320M (+$18.8M)

0.25% more ownership

Funds ownership: 10.15% → 10.4% (+0.25%)

4% less funds holding

Funds holding: 169 → 163 (-6)

19% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 47

24% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 21

Holders
163
Holders Change
-6
Holders Change %
-3.55%
% of All Funds
4.06%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
16
Increased
38
Reduced
47
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PPA
Parametric Portfolio Associates
Washington
+$15.1M
2
CA
Cornerstone Advisory
Maryland
+$6.91M
3
IWA
IBEX Wealth Advisors
New Jersey
+$1.33M
4
COLIM
City of London Investment Management
United Kingdom
+$1.08M
5
Wells Fargo
Wells Fargo
California
+$1.01M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$6.31M
2
LPL Financial
LPL Financial
California
-$4.39M
3
GC
Guggenheim Capital
Illinois
-$3.33M
4
SJIC
St. James Investment Company
Texas
-$1.08M
5
KIM
Karpus Investment Management
New York
-$999K
Name Holding Trade Value Shares
Change 		Change in
Stake
SLA
26
Silver Lake Advisory
Utah
$2.76M +$65.5K +4,382 +2%
ABC
27
Associated Banc-Corp
Wisconsin
$2.74M – – –
Bank of America
28
Bank of America
North Carolina
$2.71M +$105K +7,023 +4%
Bessemer Group
29
Bessemer Group
New Jersey
$2.62M -$179K -12,000 -6%
Creative Planning
30
Creative Planning
Kansas
$2.52M -$310K -20,723 -11%
Invesco
31
Invesco
Georgia
$2.45M -$148K -9,917 -6%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$2.14M +$152K +10,182 +8%
PA
33
Pinnacle Associates
New York
$2.06M +$88.9K +5,945 +5%
USAA
34
United Services Automobile Association
Texas
$2.04M – – –
AG
35
Advisor Group
Arizona
$2M -$34.5K -2,307 -2%
Koshinski Asset Management
36
Koshinski Asset Management
Illinois
$1.93M -$11.1K -742 -0.6%
IA
37
IFP Advisors
Florida
$1.84M -$75.3K -5,034 -4%
COLIM
38
City of London Investment Management
United Kingdom
$1.77M +$1.08M +72,140 +162%
TCM
39
Tradewinds Capital Management
Washington
$1.77M – – –
VC
40
Vicus Capital
Pennsylvania
$1.51M -$187K -12,510 -11%
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$1.42M +$60.4K +4,036 +5%
IWA
42
IBEX Wealth Advisors
New Jersey
$1.36M +$1.33M +89,260 New
BTS
43
BB&T Securities
Virginia
$1.32M +$178K +11,903 +16%
ICA
44
Infrastructure Capital Advisors
New York
$1.21M -$15K -1,000 -1%
NPC
45
National Planning Corporation
California
$1.02M -$8.52K -570 -0.8%
CIBC Private Wealth Group
46
CIBC Private Wealth Group
Georgia
$1.01M +$121K +8,120 +14%
First Trust Advisors
47
First Trust Advisors
Illinois
$1.01M +$118K +7,878 +13%
SCM
48
Sterneck Capital Management
Missouri
$1.01M – – –
TIM
49
Tortoise Investment Management
New York
$990K -$16.8K -1,123 -2%
BKA
50
Brick & Kyle Associates
Pennsylvania
$958K -$73.7K -4,927 -7%
1
2
3 4 5

NVG Hedge Fund Activity: Q2 2017 in Review

163 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2017, worth a combined $320M — up 6.2% from $301M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of NVG and 16 opened new positions — a net loss of 5 holders — while 47 trimmed existing stakes and 38 added.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $15.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.31M.

  • 163 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2017, down from 169 in Q1 2017.
  • Funds reported $320M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2017, up 6.2% quarter-over-quarter.
  • 16 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2017 and 21 closed out, a net change of -5 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $15.1M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2017 was Rivernorth Capital Management, an estimated $6.31M sold.

Based on aggregated 13F filings for Q2 2017.