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Nuveen AMT-Free Municipal Credit Income Fund
NVG

250 hedge funds and large institutions have $403M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2025 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 83 increasing their positions, 62 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 62

0.8% more ownership

Funds ownership: 16.6% → 17.4% (+0.8%)

5% less capital invested

Capital invested by funds: $423M → $403M (-$19.9M)

3% less funds holding

Funds holding: 257 → 250 (-7)

20% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 25

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
250
Holders Change
-7
Holders Change %
-2.72%
% of All Funds
3.28%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
20
Increased
83
Reduced
62
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GP
Gridiron Partners
Pennsylvania
+$51.9M
2
LSIA
LaSalle St. Investment Advisors
Illinois
+$4.54M
3
GC
Guggenheim Capital
Illinois
+$4.11M
4
Morgan Stanley
Morgan Stanley
New York
+$2.46M
5
LPL Financial
LPL Financial
California
+$2.26M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$15.7M
2
MSL
Mackay Shields LLC
New York
-$14.8M
3
RCM
Robinson Capital Management
Michigan
-$5.26M
4
Wells Fargo
Wells Fargo
California
-$4.18M
5
KIM
Karpus Investment Management
New York
-$2.81M
Name Holding Trade Value Shares
Change 		Change in
Stake
Cohen & Steers
26
Cohen & Steers
New York
$3.54M -$630K -53,000 -16%
CC
27
CF Capital
Massachusetts
$3.36M +$1.34M +112,651 +70%
Rockefeller Capital Management
28
Rockefeller Capital Management
New York
$3.21M -$70.2K -5,902 -2%
PVM
29
Palogic Value Management
Texas
$3.07M +$309K +25,960 +12%
JWCA
30
J.W. Cole Advisors
Florida
$2.92M -$51.1K -4,292 -2%
GP
31
Gridiron Partners
Pennsylvania
$2.88M +$51.9M +4,359,116 +1,873%
Invesco
32
Invesco
Georgia
$2.45M +$205K +17,199 +9%
Cetera Investment Advisers
33
Cetera Investment Advisers
Illinois
$2.43M +$301K +25,329 +15%
KIG
34
Kennedy Investment Group
New Jersey
$2.39M -$560K -47,071 -19%
Thrivent Financial for Lutherans
35
Thrivent Financial for Lutherans
Minnesota
$2.27M +$52.7K +4,430 +2%
MWM
36
Melfa Wealth Management
Massachusetts
$2.25M +$714 +60 +0%
GC
37
Gould Capital
Washington
$2.23M +$103K +8,652 +5%
NA
38
NewEdge Advisors
Louisiana
$1.87M -$14.3K -1,205 -0.8%
Creative Planning
39
Creative Planning
Kansas
$1.84M +$31.4K +2,642 +2%
Fiera Capital (Canada)
40
Fiera Capital (Canada)
Quebec, Canada
$1.83M -$18.9K -1,590 -1%
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$1.83M +$62.4K +5,247 +4%
KAS
42
Kestra Advisory Services
Texas
$1.68M -$1.39M -116,631 -46%
CA
43
CoreCap Advisors
Michigan
$1.65M -$182K -15,287 -10%
TWP
44
Tyche Wealth Partners
Texas
$1.52M +$40.7K +3,418 +3%
WCMNY
45
Westchester Capital Management (New York)
New York
$1.52M – – –
SMC
46
Smith, Moore & Co
Missouri
$1.44M +$164K +13,790 +13%
WAOTB
47
Wealth Advisors of Tampa Bay
Florida
$1.42M – – –
PA
48
Pinnacle Associates
New York
$1.41M +$187K +15,693 +16%
PAG
49
Private Advisor Group
New Jersey
$1.4M +$58.8K +4,943 +5%
Lido Advisors
50
Lido Advisors
California
$1.39M +$35.7K +3,000 +3%
1
2
3 4 5

NVG Hedge Fund Activity: Q3 2025 in Review

250 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2025, worth a combined $403M — down 4.7% from $423M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of NVG and 20 opened new positions — a net loss of 5 holders — while 62 trimmed existing stakes and 83 added.

The largest buyer was Gridiron Partners, adding an estimated $51.9M. The largest seller was Rivernorth Capital Management, cutting an estimated $15.7M.

  • 250 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2025, down from 257 in Q2 2025.
  • Funds reported $403M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2025, down 4.7% quarter-over-quarter.
  • 20 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2025 and 25 closed out, a net change of -5 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2025 was Gridiron Partners, an estimated $51.9M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2025 was Rivernorth Capital Management, an estimated $15.7M sold.

Based on aggregated 13F filings for Q3 2025.