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Nuveen AMT-Free Municipal Credit Income Fund

173 hedge funds and large institutions have $285M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2018 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 45 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.18% less ownership

Funds ownership: 9.84%9.66% (-0.18%)

2% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 45

4% less funds holding

Funds holding: 180173 (-7)

8% less capital invested

Capital invested by funds: $309M → $285M (-$24.6M)

27% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 22

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
173
Holders Change
-7
Holders Change %
-3.89%
% of All Funds
3.96%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
16
Increased
44
Reduced
45
Closed
22
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
HighTower Advisors
26
HighTower Advisors
Illinois
$2.67M +$55.3K +3,755 +2%
SLA
27
Silver Lake Advisory
Utah
$2.57M +$38.6K +2,622 +2%
Northwestern Mutual Wealth Management
28
Northwestern Mutual Wealth Management
Wisconsin
$2.53M -$302K -20,542 -11%
Creative Planning
29
Creative Planning
Kansas
$2.52M -$42.7K -2,903 -2%
Bessemer Group
30
Bessemer Group
New Jersey
$2.22M
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$2.2M +$508K +34,493 +29%
LCM
32
Landscape Capital Management
New Jersey
$2.13M +$1.54M +104,607 +247%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$2.02M +$1.27M +86,127 +161%
USAA
34
United Services Automobile Association
Texas
$1.95M
BTS
35
BB&T Securities
Virginia
$1.8M +$195K +13,273 +12%
TCM
36
Tradewinds Capital Management
Washington
$1.79M +$102K +6,950 +6%
PA
37
Pinnacle Associates
New York
$1.78M -$221K -15,000 -11%
IWA
38
IBEX Wealth Advisors
New Jersey
$1.62M +$1.68M +114,117 New
Koshinski Asset Management
39
Koshinski Asset Management
Illinois
$1.62M +$105K +7,137 +7%
Carson Wealth (CWM LLC)
40
Carson Wealth (CWM LLC)
Nebraska
$1.46M +$237K +16,065 +19%
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$1.39M -$409K -27,767 -23%
ICA
42
Infrastructure Capital Advisors
New York
$1.27M +$109K +7,393 +9%
VC
43
Vicus Capital
Pennsylvania
$1.17M -$260K -17,629 -18%
First Trust Advisors
44
First Trust Advisors
Illinois
$1.06M +$44.7K +3,038 +4%
CC
45
Claybrook Capital
Massachusetts
$1.04M
CIBC Private Wealth Group
46
CIBC Private Wealth Group
Georgia
$1.02M -$942 -64 -0.1%
BKA
47
Brick & Kyle Associates
Pennsylvania
$1M +$972 +66 +0.1%
SMC
48
Smith, Moore & Co
Missouri
$994K +$119K +8,110 +13%
BF
49
BOK Financial
Oklahoma
$902K -$54.7K -3,717 -6%
TIM
50
Tortoise Investment Management
New York
$830K -$51.4K -3,492 -6%

NVG Hedge Fund Activity: Q1 2018 in Review

173 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2018, worth a combined $285M — down 8% from $309M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of NVG and 16 opened new positions — a net loss of 6 holders — while 45 trimmed existing stakes and 44 added.

The largest buyer was Morgan Stanley, adding an estimated $4.57M. The largest seller was Wells Fargo, cutting an estimated $6.79M.

  • 173 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2018, down from 180 in Q4 2017.
  • Funds reported $285M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2018, down 8% quarter-over-quarter.
  • 16 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2018 and 22 closed out, a net change of -6 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2018 was Morgan Stanley, an estimated $4.57M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2018 was Wells Fargo, an estimated $6.79M sold.

Based on aggregated 13F filings for Q1 2018.