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Nuveen AMT-Free Municipal Credit Income Fund
NVG

253 hedge funds and large institutions have $535M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2024 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 73 increasing their positions, 77 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

4% less capital invested

Capital invested by funds: $558M → $535M (-$22.7M)

5% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 77

6% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 31

1% less funds holding

Funds holding: 256 → 253 (-3)

1.51% less ownership

Funds ownership: 22.03% → 20.53% (-1.5%)

Holders
253
Holders Change
-3
Holders Change %
-1.17%
% of All Funds
3.64%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
29
Increased
73
Reduced
77
Closed
31
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$7.78M
2
Allianz Asset Management
Allianz Asset Management
Germany
+$5.59M
3
NMC
Nine Masts Capital
Hong Kong
+$4.87M
4
RCM
Robinson Capital Management
Michigan
+$2.5M
5
SCM
Saba Capital Management
New York
+$2.04M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$43.8M
2
PCM
PenderFund Capital Management
British Columbia, Canada
-$7.97M
3
PCM
Penserra Capital Management
California
-$4.25M
4
RCM
Rivernorth Capital Management
Florida
-$3.75M
5
GC
Guggenheim Capital
Illinois
-$2.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
NMC
26
Nine Masts Capital
Hong Kong
$4.98M +$4.87M +409,624 New
CA
27
Cornerstone Advisory
Maryland
$4.81M +$32.3K +2,717 +0.7%
Stifel Financial
28
Stifel Financial
Missouri
$4.54M +$264K +22,196 +6%
RC
29
Rareview Capital
Nevada
$4.15M -$151K -12,743 -4%
Cohen & Steers
30
Cohen & Steers
New York
$4.13M +$178K +15,000 +5%
RJFSA
31
Raymond James Financial Services Advisors
Florida
$3.96M +$54.7K +4,607 +1%
KIG
32
Kennedy Investment Group
New Jersey
$3.92M +$48K +4,044 +1%
GAA
33
Global Assets Advisory
Florida
$3.76M +$538K +45,282 New
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$3.41M -$246K -20,668 -7%
GP
35
Gridiron Partners
Pennsylvania
$3.17M -$399K -33,566 -11%
Fiera Capital (Canada)
36
Fiera Capital (Canada)
Quebec, Canada
$3.14M -$537K -45,232 -15%
KAS
37
Kestra Advisory Services
Texas
$3.13M +$11.6K +980 +0.4%
FCH
38
Freestone Capital Holdings
Washington
$3.04M +$594K +50,000 +25%
Ameriprise
39
Ameriprise
Minnesota
$2.89M -$171K -14,432 -6%
CPC
40
Congress Park Capital
New York
$2.86M +$1.19M +100,000 +74%
WCMNY
41
Westchester Capital Management (New York)
New York
$2.67M -$47.2K -3,974 -2%
Rockefeller Capital Management
42
Rockefeller Capital Management
New York
$2.6M -$370K -31,108 -13%
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$2.42M +$465K +39,171 +24%
Truist Financial
44
Truist Financial
North Carolina
$2.41M -$68.1K -5,730 -3%
Lido Advisors
45
Lido Advisors
California
$2.21M -$50K -4,209 -2%
AGM
46
Alpine Global Management
New York
$2.19M -$119K -10,000 -5%
MWM
47
Melfa Wealth Management
Massachusetts
$2.13M -$118K -9,916 -5%
Thrivent Financial for Lutherans
48
Thrivent Financial for Lutherans
Minnesota
$2.05M -$4.34K -365 -0.2%
FPCP
49
Fort Point Capital Partners
California
$1.97M +$1.93M +162,115 New
GC
50
Gould Capital
Washington
$1.96M +$509K +42,836 +36%
1
2
3 4 5

NVG Hedge Fund Activity: Q1 2024 in Review

253 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2024, worth a combined $535M — down 4.1% from $558M a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of NVG and 29 opened new positions — a net loss of 2 holders — while 77 trimmed existing stakes and 73 added.

The largest buyer was Mackay Shields LLC, adding an estimated $7.78M. The largest seller was Morgan Stanley, cutting an estimated $43.8M.

  • 253 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2024, down from 256 in Q4 2023.
  • Funds reported $535M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2024, down 4.1% quarter-over-quarter.
  • 29 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2024 and 31 closed out, a net change of -2 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2024 was Mackay Shields LLC, an estimated $7.78M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $43.8M sold.

Based on aggregated 13F filings for Q1 2024.