Nuveen AMT-Free Municipal Credit Income Fund
256 hedge funds and large institutions have $558M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2023 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 61 increasing their positions, 81 reducing their positions, and 34 closing their positions.
62% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 34
31% more capital invested
Capital invested by funds: $426M → $558M (+$132M)
7% more funds holding
Funds holding: 240 → 256 (+16)
2.72% more ownership
Funds ownership: 19.31% → 22.03% (+2.7%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
25% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 81
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$31.8M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.07M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$5.44M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$5M |
| 5 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$4.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$5.01M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.26M |
| 3 |
JFGIW
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
-$2.46M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$1.93M |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$1.68M |
NVG Hedge Fund Activity: Q4 2023 in Review
256 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2023, worth a combined $558M — up 31% from $426M a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new NVG positions and 34 closed out — a net gain of 21 holders — while 61 added to existing stakes and 81 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $31.8M. The largest seller was Fiera Capital (Canada), cutting an estimated $5.01M.
- 256 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2023, up from 240 in Q3 2023.
- Funds reported $558M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2023, up 31% quarter-over-quarter.
- 55 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2023 and 34 closed out, a net change of +21 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $31.8M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2023 was Fiera Capital (Canada), an estimated $5.01M sold.
Based on aggregated 13F filings for Q4 2023.