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Nuveen AMT-Free Municipal Credit Income Fund

240 hedge funds and large institutions have $426M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2023 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 73 increasing their positions, 86 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.85% more ownership

Funds ownership: 17.46%19.31% (+1.9%)

2% less capital invested

Capital invested by funds: $436M → $426M (-$10.6M)

5% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 22

1% less funds holding

Funds holding: 243240 (-3)

15% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 86

17% less funds holding in top 10

Funds holding in top 10: 65 (-1)

Holders
240
Holders Change
-3
Holders Change %
-1.23%
% of All Funds
3.81%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.08%
New
21
Increased
73
Reduced
86
Closed
22
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Ameriprise
26
Ameriprise
Minnesota
$3.66M -$897K -79,591 -18%
KIG
27
Kennedy Investment Group
New Jersey
$3.51M -$49K -4,351 -1%
RJA
28
Raymond James & Associates
Florida
$3.19M +$89.8K +7,967 +3%
Cohen & Steers
29
Cohen & Steers
New York
$3.1M -$124K -11,000 -4%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$2.81M -$1.12M -99,575 -27%
CAPTRUST Financial Advisors
31
CAPTRUST Financial Advisors
North Carolina
$2.7M +$30.6K +2,719 +1%
DLG
32
Daniel L. Goodwin
$2.66M +$25.9K +2,300 +0.9%
VCM
33
Vivaldi Capital Management
Illinois
$2.32M +$2.54M +225,431 New
Truist Financial
34
Truist Financial
North Carolina
$2.04M +$142K +12,637 +7%
Rockefeller Capital Management
35
Rockefeller Capital Management
New York
$2.01M +$308K +27,369 +16%
MWM
36
Melfa Wealth Management
Massachusetts
$1.91M -$25.9K -2,294 -1%
MFG
37
Merit Financial Group
Georgia
$1.85M -$60.3K -5,348 -3%
WCMNY
38
Westchester Capital Management (New York)
New York
$1.78M +$1.95M +172,951 New
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$1.77M -$50.9K -4,520 -3%
CIA
40
Capital Investment Advisors
Georgia
$1.73M -$156K -13,807 -8%
Thrivent Financial for Lutherans
41
Thrivent Financial for Lutherans
Minnesota
$1.73M +$39.4K +3,500 +2%
Creative Planning
42
Creative Planning
Kansas
$1.71M +$101K +8,936 +6%
CC
43
Claybrook Capital
Massachusetts
$1.65M
LCM
44
Landscape Capital Management
New Jersey
$1.61M +$35K +3,105 +2%
CA
45
CoreCap Advisors
Michigan
$1.55M -$73.3K -6,506 -4%
HCC
46
Hirtle Callaghan & Co
Pennsylvania
$1.51M
KAS
47
Kestra Advisory Services
Texas
$1.48M -$1.38M -122,272 -46%
PAG
48
Private Advisor Group
New Jersey
$1.48M +$2.95K +262 +0.2%
WAM
49
Wakefield Asset Management
Colorado
$1.45M -$258K -22,907 -14%
PCM
50
PenderFund Capital Management
British Columbia, Canada
$1.4M +$1.13M +100,000 New

NVG Hedge Fund Activity: Q3 2023 in Review

240 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2023, worth a combined $426M — down 2.4% from $436M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of NVG and 21 opened new positions — a net loss of 1 holder — while 86 trimmed existing stakes and 73 added.

The largest buyer was Saba Capital Management, adding an estimated $13.5M. The largest seller was Sit Investment Associates, cutting an estimated $3.84M.

  • 240 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2023, down from 243 in Q2 2023.
  • Funds reported $426M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2023, down 2.4% quarter-over-quarter.
  • 21 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2023 and 22 closed out, a net change of -1 holder.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2023 was Saba Capital Management, an estimated $13.5M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2023 was Sit Investment Associates, an estimated $3.84M sold.

Based on aggregated 13F filings for Q3 2023.