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Nuveen AMT-Free Municipal Credit Income Fund
NVG

245 hedge funds and large institutions have $405M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2020 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 74 increasing their positions, 50 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

139% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 18

48% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 50

11% more funds holding

Funds holding: 220 → 245 (+25)

4% more capital invested

Capital invested by funds: $391M → $405M (+$14.3M)

0.37% less ownership

Funds ownership: 11.66% → 11.29% (-0.37%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
245
Holders Change
+25
Holders Change %
+11.36%
% of All Funds
4.33%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
43
Increased
74
Reduced
50
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KAS
Kestra Advisory Services
Texas
+$4.4M
2
N
Natixis
France
+$3.71M
3
Fifth Third Bancorp
Fifth Third Bancorp
Ohio
+$1.74M
4
UBS Group
UBS Group
Switzerland
+$1.62M
5
Wells Fargo
Wells Fargo
California
+$1.52M

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$14.3M
2
RCM
Rivernorth Capital Management
Florida
-$13.3M
3
PCM
PenderFund Capital Management
British Columbia, Canada
-$4.16M
4
OA
Oxbow Advisors
Texas
-$2.63M
5
JWCA
J.W. Cole Advisors
Florida
-$1.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
26
Northwestern Mutual Wealth Management
Wisconsin
$3.08M -$37.5K -2,330 -1%
KOMWMG
27
Kerntke Otto McGlone Wealth Management Group
Wisconsin
$3.02M +$64.1K +3,982 +2%
CA
28
Cornerstone Advisory
Maryland
$2.96M -$282K -17,493 -9%
DADC
29
D.A. Davidson & Co
Montana
$2.83M +$357K +22,200 +15%
PA
30
Pinnacle Associates
New York
$2.73M -$59.6K -3,701 -2%
Creative Planning
31
Creative Planning
Kansas
$2.71M +$89.1K +5,533 +4%
Truist Financial
32
Truist Financial
North Carolina
$2.42M -$64.7K -4,016 -3%
WTB
33
Washington Trust Bank
Washington
$2.4M – – –
STA
34
Summit Trail Advisors
New York
$2.34M +$474K +29,466 +27%
PAG
35
Private Advisor Group
New Jersey
$2.32M -$235K -14,614 -10%
WAOTB
36
Wealth Advisors of Tampa Bay
Florida
$2.31M – – –
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$2.16M -$241K -14,953 -10%
Fifth Third Bancorp
38
Fifth Third Bancorp
Ohio
$2.15M +$1.74M +108,217 +541%
Janney Montgomery Scott
39
Janney Montgomery Scott
Pennsylvania
$2.11M +$186K +11,540 +10%
CC
40
Claybrook Capital
Massachusetts
$2.04M +$330K +20,500 +20%
TCBWMS
41
Texas Capital Bank Wealth Management Services
Texas
$1.86M -$68.1K -4,227 -4%
MIG
42
Mariner Investment Group
New York
$1.85M -$183K -11,353 -9%
BF
43
BOK Financial
Oklahoma
$1.74M +$56.2K +3,492 +3%
OA
44
Oxbow Advisors
Texas
$1.71M -$2.63M -163,659 -62%
First Trust Advisors
45
First Trust Advisors
Illinois
$1.68M +$90.2K +5,601 +6%
Baird Financial Group
46
Baird Financial Group
Wisconsin
$1.65M +$164K +10,212 +12%
HCC
47
Hirtle Callaghan & Co
Pennsylvania
$1.62M – – –
22CM
48
20/20 Capital Management
California
$1.48M -$14.6K -909 -1%
APA
49
Allegiant Private Advisors
Florida
$1.47M +$1.41M +87,665 New
Koshinski Asset Management
50
Koshinski Asset Management
Illinois
$1.45M +$3.33K +207 +0.2%
1
2
3 4 5

NVG Hedge Fund Activity: Q4 2020 in Review

245 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2020, worth a combined $405M — up 3.6% from $391M a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new NVG positions and 18 closed out — a net gain of 25 holders — while 74 added to existing stakes and 50 trimmed.

The largest buyer was Kestra Advisory Services, adding an estimated $4.4M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $14.3M sold.

  • 245 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2020, up from 220 in Q3 2020.
  • Funds reported $405M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2020, up 3.6% quarter-over-quarter.
  • 43 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2020 and 18 closed out, a net change of +25 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2020 was Kestra Advisory Services, an estimated $4.4M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2020 was Robinson Capital Management, an estimated $14.3M sold.

Based on aggregated 13F filings for Q4 2020.