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Nuveen AMT-Free Municipal Credit Income Fund
NVG

250 hedge funds and large institutions have $384M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 78 increasing their positions, 63 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

24% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 63

6% more capital invested

Capital invested by funds: $364M → $384M (+$20.9M)

1.45% more ownership

Funds ownership: 14.08% → 15.53% (+1.4%)

10% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 31

0% more funds holding

Funds holding: 250 → 250 (0)

Holders
250
Holders Change
–
Holders Change %
0%
% of All Funds
3.98%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.11%
New
34
Increased
78
Reduced
63
Closed
31
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$25.5M
2
SIA
Sit Investment Associates
Minnesota
+$14.4M
3
KIM
Karpus Investment Management
New York
+$7.42M
4
LSC
Logan Stone Capital
Illinois
+$3.94M
5
Morgan Stanley
Morgan Stanley
New York
+$3.37M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$19.4M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
-$4.63M
3
WAM
Weiss Asset Management
Massachusetts
-$2.43M
4
IAIM
International Assets Investment Management
Florida
-$2.34M
5
UBS Group
UBS Group
Switzerland
-$2.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
DLG
26
Daniel L. Goodwin
$3.19M +$106K +8,800 +3%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$3.14M -$9.6K -799 -0.3%
AA
28
AQR Arbitrage
Connecticut
$3.08M +$1.55M +129,368 +98%
LCM
29
Landscape Capital Management
New Jersey
$3.03M +$1.14M +94,564 +58%
CAPTRUST Financial Advisors
30
CAPTRUST Financial Advisors
North Carolina
$2.69M -$151K -12,568 -5%
SOA
31
Sea Otter Advisors
Florida
$2.65M +$2.71M +225,274 New
Cohen & Steers
32
Cohen & Steers
New York
$2.27M +$168K +13,986 +8%
MWM
33
Melfa Wealth Management
Massachusetts
$2.21M -$3.77K -314 -0.2%
Truist Financial
34
Truist Financial
North Carolina
$2.11M -$421K -35,017 -16%
CIA
35
Capital Investment Advisors
Georgia
$2.05M -$6.29K -524 -0.3%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$1.99M -$85.1K -7,083 -4%
Rockefeller Capital Management
37
Rockefeller Capital Management
New York
$1.96M +$607K +50,558 +44%
Thrivent Financial for Lutherans
38
Thrivent Financial for Lutherans
Minnesota
$1.93M +$468K +38,975 +31%
CC
39
Claybrook Capital
Massachusetts
$1.89M – – –
Creative Planning
40
Creative Planning
Kansas
$1.82M -$74.4K -6,196 -4%
WAM
41
Wakefield Asset Management
Colorado
$1.78M +$144K +12,031 +9%
PAG
42
Private Advisor Group
New Jersey
$1.74M -$83K -6,913 -4%
HCC
43
Hirtle Callaghan & Co
Pennsylvania
$1.73M -$42K -3,500 -2%
KAS
44
Kestra Advisory Services
Texas
$1.72M +$116K +9,649 +7%
PA
45
Pinnacle Associates
New York
$1.61M +$220K +18,293 +15%
GC
46
Gould Capital
Washington
$1.46M +$393K +32,691 +36%
Northwestern Mutual Wealth Management
47
Northwestern Mutual Wealth Management
Wisconsin
$1.43M -$102K -8,517 -7%
ACA
48
Ackerman Capital Advisors
Texas
$1.33M +$1.35M +112,586 New
CAN
49
Cetera Advisor Networks
California
$1.3M +$61.6K +5,132 +5%
MC
50
Matisse Capital
Oregon
$1.3M +$1.32M +110,000 New
1
2
3 4 5

NVG Hedge Fund Activity: Q1 2023 in Review

250 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2023, worth a combined $384M — up 5.7% from $364M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new NVG positions and 31 closed out — a net gain of 3 holders — while 78 added to existing stakes and 63 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $25.5M. The largest seller was Guggenheim Capital, cutting an estimated $19.4M.

  • 250 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $384M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2023, up 5.7% quarter-over-quarter.
  • 34 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2023 and 31 closed out, a net change of +3 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2023 was Rivernorth Capital Management, an estimated $25.5M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2023 was Guggenheim Capital, an estimated $19.4M sold.

Based on aggregated 13F filings for Q1 2023.