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Nuveen AMT-Free Municipal Credit Income Fund
NVG

250 hedge funds and large institutions have $364M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2022 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 57 increasing their positions, 82 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 36

26% more capital invested

Capital invested by funds: $289M → $364M (+$74.6M)

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

5% more funds holding

Funds holding: 239 → 250 (+11)

2.51% more ownership

Funds ownership: 11.58% → 14.08% (+2.5%)

30% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 82

Holders
250
Holders Change
+11
Holders Change %
+4.6%
% of All Funds
4.02%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
52
Increased
57
Reduced
82
Closed
36
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$12.3M
2
SIA
Sit Investment Associates
Minnesota
+$10.9M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$7.78M
4
RCM
Robinson Capital Management
Michigan
+$6.81M
5
Morgan Stanley
Morgan Stanley
New York
+$6.46M

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$4.42M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
-$3.62M
3
WF
Welch & Forbes
Massachusetts
-$2.24M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.85M
5
LPL Financial
LPL Financial
California
-$1.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
DLG
26
Daniel L. Goodwin
$3.18M +$108K +9,200 +4%
CAPTRUST Financial Advisors
27
CAPTRUST Financial Advisors
North Carolina
$2.92M +$2.82M +240,599 New
PCM
28
Penserra Capital Management
California
$2.77M +$240K +20,470 +10%
Truist Financial
29
Truist Financial
North Carolina
$2.6M -$214K -18,230 -8%
WAM
30
Weiss Asset Management
Massachusetts
$2.43M +$2.35M +200,574 New
IAIM
31
International Assets Investment Management
Florida
$2.34M +$2.27M +192,964 New
CA
32
CoreCap Advisors
Michigan
$2.34M +$222K +18,887 +11%
MWM
33
Melfa Wealth Management
Massachusetts
$2.28M +$2.21M +187,944 New
Cohen & Steers
34
Cohen & Steers
New York
$2.17M +$221K +18,828 +12%
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$2.13M -$67.1K -5,715 -3%
CIA
36
Capital Investment Advisors
Georgia
$2.12M -$47.7K -4,063 -2%
LCM
37
Landscape Capital Management
New Jersey
$1.97M +$1.91M +162,376 New
Creative Planning
38
Creative Planning
Kansas
$1.95M +$28.4K +2,417 +2%
CC
39
Claybrook Capital
Massachusetts
$1.94M – – –
HCC
40
Hirtle Callaghan & Co
Pennsylvania
$1.82M – – –
BF
41
BOK Financial
Oklahoma
$1.76M -$8.47K -722 -0.5%
WAM
42
Wakefield Asset Management
Colorado
$1.69M +$1.64M +139,314 New
KAS
43
Kestra Advisory Services
Texas
$1.66M -$291K -24,823 -15%
AA
44
AQR Arbitrage
Connecticut
$1.6M +$1.55M +131,955 New
Northwestern Mutual Wealth Management
45
Northwestern Mutual Wealth Management
Wisconsin
$1.57M -$695K -59,194 -31%
Thrivent Financial for Lutherans
46
Thrivent Financial for Lutherans
Minnesota
$1.51M +$211K +17,943 +17%
PA
47
Pinnacle Associates
New York
$1.44M -$258K -21,969 -16%
Rockefeller Capital Management
48
Rockefeller Capital Management
New York
$1.41M +$554K +47,224 +69%
FM
49
Family Management
New York
$1.32M +$1.27M +108,477 New
FAIM
50
Financial Advocates Investment Management
Washington
$1.3M +$90.8K +7,731 +8%
1
2
3 4 5

NVG Hedge Fund Activity: Q4 2022 in Review

250 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2022, worth a combined $364M — up 26% from $289M a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new NVG positions and 36 closed out — a net gain of 16 holders — while 57 added to existing stakes and 82 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $12.3M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $4.42M.

  • 250 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2022, up from 239 in Q3 2022.
  • Funds reported $364M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2022, up 26% quarter-over-quarter.
  • 52 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2022 and 36 closed out, a net change of +16 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $12.3M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2022 was Raymond James Financial Services Advisors, an estimated $4.42M sold.

Based on aggregated 13F filings for Q4 2022.