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Nuveen AMT-Free Municipal Credit Income Fund
NVG

185 hedge funds and large institutions have $325M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2019 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 48 increasing their positions, 41 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more capital invested

Capital invested by funds: $277M → $325M (+$48.5M)

17% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 41

6% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 17

0.96% more ownership

Funds ownership: 8.79% → 9.74% (+0.96%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 186 → 185 (-1)

Holders
185
Holders Change
-1
Holders Change %
-0.54%
% of All Funds
4.06%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
18
Increased
48
Reduced
41
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$32.6M
2
N
Natixis
France
+$2.33M
3
LTFS
Ladenburg Thalmann Financial Services
Florida
+$1.87M
4
SS
Sunbelt Securities
Texas
+$982K
5
ED
Exane Derivatives
France
+$722K

Top Sellers

Rank Fund Capital Flow
1
Koshinski Asset Management
Koshinski Asset Management
Illinois
-$2.29M
2
UBS Group
UBS Group
Switzerland
-$1.92M
3
RCM
Rivernorth Capital Management
Florida
-$1.35M
4
SIA
Sit Investment Associates
Minnesota
-$1.33M
5
RCM
Robinson Capital Management
Michigan
-$1.24M
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
26
Sit Investment Associates
Minnesota
$3.11M -$1.33M -80,802 -30%
PAG
27
Private Advisor Group
New Jersey
$3.01M +$720K +43,890 +32%
Creative Planning
28
Creative Planning
Kansas
$2.66M -$312 -19 -0%
Invesco
29
Invesco
Georgia
$2.64M -$17.1K -1,042 -0.7%
BTS
30
BB&T Securities
Virginia
$2.42M +$352K +21,469 +17%
PA
31
Pinnacle Associates
New York
$2.33M +$38.8K +2,362 +2%
COLIM
32
City of London Investment Management
United Kingdom
$2.18M – – –
HCC
33
Hirtle Callaghan & Co
Pennsylvania
$2.17M – – –
Northwestern Mutual Wealth Management
34
Northwestern Mutual Wealth Management
Wisconsin
$2.09M -$109K -6,643 -5%
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$1.8M +$111K +6,784 +7%
CC
36
Claybrook Capital
Massachusetts
$1.69M – – –
BF
37
BOK Financial
Oklahoma
$1.68M +$464K +28,245 +39%
CCWA
38
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$1.59M +$278K +16,913 +22%
Baird Financial Group
39
Baird Financial Group
Wisconsin
$1.54M +$52.7K +3,211 +4%
First Trust Advisors
40
First Trust Advisors
Illinois
$1.45M -$87.3K -5,318 -6%
VC
41
Vicus Capital
Pennsylvania
$1.37M +$31.6K +1,928 +2%
Thrivent Financial for Lutherans
42
Thrivent Financial for Lutherans
Minnesota
$1.29M -$16.4K -997 -1%
SFS
43
Sowell Financial Services
Arkansas
$1.07M +$1.05M +63,726 New
SMC
44
Smith, Moore & Co
Missouri
$1.01M +$5.09K +310 +0.5%
SS
45
Sunbelt Securities
Texas
$1M +$982K +59,804 New
CAN
46
Cetera Advisor Networks
California
$974K +$131 +8 +0%
RA
47
RFG Advisory
Alabama
$945K +$36.2K +2,208 +4%
Carson Wealth (CWM LLC)
48
Carson Wealth (CWM LLC)
Nebraska
$893K – – –
OIA
49
OneDigital Investment Advisors
Kansas
$863K +$524K +31,948 +163%
RCA
50
Ranch Capital Advisors
Florida
$848K +$832K +50,696 New
1
2
3 4 5

NVG Hedge Fund Activity: Q3 2019 in Review

185 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2019, worth a combined $325M — up 18% from $277M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NVG positions and 17 closed out — a net gain of 1 holder — while 48 added to existing stakes and 41 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $32.6M. The largest seller was Koshinski Asset Management, exiting entirely with an estimated $2.29M sold.

  • 185 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2019, down from 186 in Q2 2019.
  • Funds reported $325M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2019, up 18% quarter-over-quarter.
  • 18 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2019 and 17 closed out, a net change of +1 holder.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2019 was Guggenheim Capital, an estimated $32.6M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2019 was Koshinski Asset Management, an estimated $2.29M sold.

Based on aggregated 13F filings for Q3 2019.