Nuveen AMT-Free Municipal Credit Income Fund
218 hedge funds and large institutions have $388M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2019 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 65 increasing their positions, 32 reducing their positions, and 17 closing their positions.
218% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 17
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
103% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 32
19% more capital invested
Capital invested by funds: $325M → $388M (+$62.2M)
18% more funds holding
Funds holding: 185 → 218 (+33)
1.09% more ownership
Funds ownership: 9.74% → 10.84% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$18.9M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$10.5M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$5.67M |
| 4 |
Morgan Stanley
New York
|
+$2.89M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$2.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JFGIW
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
-$9.19M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.18M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.55M |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
-$1.43M |
| 5 |
VC
Vicus Capital
State College,
Pennsylvania
|
-$1.37M |
NVG Hedge Fund Activity: Q4 2019 in Review
218 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2019, worth a combined $388M — up 19% from $325M a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new NVG positions and 17 closed out — a net gain of 37 holders — while 65 added to existing stakes and 32 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $18.9M. The largest seller was Johnson Financial Group Inc (Wisconsin), exiting entirely with an estimated $9.19M sold.
- 218 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2019, up from 185 in Q3 2019.
- Funds reported $388M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2019, up 19% quarter-over-quarter.
- 54 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2019 and 17 closed out, a net change of +37 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2019 was Rivernorth Capital Management, an estimated $18.9M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2019 was Johnson Financial Group Inc (Wisconsin), an estimated $9.19M sold.
Based on aggregated 13F filings for Q4 2019.