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Nuveen AMT-Free Municipal Credit Income Fund
NVG

243 hedge funds and large institutions have $436M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 88 increasing their positions, 56 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 56

13% more capital invested

Capital invested by funds: $384M → $436M (+$51.8M)

1.92% more ownership

Funds ownership: 15.53% → 17.46% (+1.9%)

3% less funds holding

Funds holding: 250 → 243 (-7)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

15% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 27

Holders
243
Holders Change
-7
Holders Change %
-2.8%
% of All Funds
3.82%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.09%
New
23
Increased
88
Reduced
56
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$17.9M
2
SIA
Sit Investment Associates
Minnesota
+$7.39M
3
Morgan Stanley
Morgan Stanley
New York
+$6.16M
4
SCM
Saba Capital Management
New York
+$6.15M
5
KIM
Karpus Investment Management
New York
+$3.72M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$7.97M
2
Bank of America
Bank of America
North Carolina
-$1.37M
3
FAIM
Financial Advocates Investment Management
Washington
-$1.29M
4
LCM
Landscape Capital Management
New Jersey
-$1.21M
5
Wells Fargo
Wells Fargo
California
-$1.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$4.36M +$1.23M +105,849 +40%
KIG
27
Kennedy Investment Group
New Jersey
$4.04M -$58.8K -5,063 -1%
AA
28
AQR Arbitrage
Connecticut
$3.69M +$629K +54,115 +21%
Cohen & Steers
29
Cohen & Steers
New York
$3.65M +$1.39M +119,222 +62%
RJA
30
Raymond James & Associates
Florida
$3.53M -$490K -42,207 -12%
KAS
31
Kestra Advisory Services
Texas
$3.11M +$1.39M +119,709 +82%
CAPTRUST Financial Advisors
32
CAPTRUST Financial Advisors
North Carolina
$3.03M +$361K +31,064 +14%
DLG
33
Daniel L. Goodwin
$2.99M -$173K -14,900 -6%
MWM
34
Melfa Wealth Management
Massachusetts
$2.2M +$1.21K +104 +0.1%
Truist Financial
35
Truist Financial
North Carolina
$2.17M +$72.7K +6,258 +3%
MFG
36
Merit Financial Group
Georgia
$2.16M +$2.15M +184,710 New
CIA
37
Capital Investment Advisors
Georgia
$2.12M +$79.8K +6,865 +4%
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$2.06M +$88.3K +7,600 +5%
Rockefeller Capital Management
39
Rockefeller Capital Management
New York
$1.96M +$7.99K +688 +0.4%
Thrivent Financial for Lutherans
40
Thrivent Financial for Lutherans
Minnesota
$1.92M +$2.61K +225 +0.1%
WAM
41
Wakefield Asset Management
Colorado
$1.92M +$144K +12,404 +8%
CC
42
Claybrook Capital
Massachusetts
$1.87M – – –
Creative Planning
43
Creative Planning
Kansas
$1.84M +$27.5K +2,366 +2%
CA
44
CoreCap Advisors
Michigan
$1.83M +$1.82M +156,570 New
HFRG
45
Houlihan Financial Resource Group
Virginia
$1.82M +$1.82M +156,407 New
LCM
46
Landscape Capital Management
New Jersey
$1.79M -$1.21M -104,211 -41%
HCC
47
Hirtle Callaghan & Co
Pennsylvania
$1.72M – – –
SOA
48
Sea Otter Advisors
Florida
$1.7M -$933K -80,274 -36%
PAG
49
Private Advisor Group
New Jersey
$1.67M -$49.8K -4,287 -3%
PA
50
Pinnacle Associates
New York
$1.56M -$45.2K -3,892 -3%
1
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3 4 5

NVG Hedge Fund Activity: Q2 2023 in Review

243 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2023, worth a combined $436M — up 13% from $384M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of NVG and 23 opened new positions — a net loss of 4 holders — while 56 trimmed existing stakes and 88 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $17.9M. The largest seller was Guggenheim Capital, cutting an estimated $7.97M.

  • 243 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2023, down from 250 in Q1 2023.
  • Funds reported $436M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2023, up 13% quarter-over-quarter.
  • 23 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2023 and 27 closed out, a net change of -4 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2023 was Rivernorth Capital Management, an estimated $17.9M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2023 was Guggenheim Capital, an estimated $7.97M sold.

Based on aggregated 13F filings for Q2 2023.