Nuveen AMT-Free Municipal Credit Income Fund
50 hedge funds and large institutions have $59.5M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 15 reducing their positions, and 7 closing their positions.
22% more capital invested
Capital invested by funds: $48.8M → $59.5M (+$10.7M)
3.1% more ownership
Funds ownership: 12.2% → 15.3% (+3.1%)
7% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 15
2% less funds holding
Funds holding: 51 → 50 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.36M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$5.29M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$1.88M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.41M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$2.86M |
| 2 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
-$1.16M |
| 3 |
TCM
Texan Capital Management
Houston,
Texas
|
-$844K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$623K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$496K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCM
51
Coe Capital Management
Highland Park,
Illinois
| – | -$1.16M | -86,800 | Closed |
|
|
OC
52
Oppenheimer & Co
New York
| – | -$365K | -27,368 | Closed |
|
|
AAM
53
Advisors Asset Management
Monument,
Colorado
| – | -$242K | -18,097 | Closed |
|
|
B
54
Baird
Milwaukee,
Wisconsin
| – | -$138K | -10,325 | Closed |
|
55
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$9K | -650 | Closed |
|
|
WC
56
Whitnell & Co
Oak Brook,
Illinois
| – | -$5K | -372 | Closed |
|
57
Citigroup
New York
| – | -$1K | -69 | Closed |
|
NVG Hedge Fund Activity: Q3 2013 in Review
50 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2013, worth a combined $59.5M — up 22% from $48.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NVG and 6 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 14 added.
The largest buyer was Karpus Investment Management, adding an estimated $6.36M. The largest seller was Invesco, cutting an estimated $2.86M.
- 50 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2013, down from 51 in Q2 2013.
- Funds reported $59.5M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2013, up 22% quarter-over-quarter.
- 6 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2013 and 7 closed out, a net change of -1 holder.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2013 was Karpus Investment Management, an estimated $6.36M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2013 was Invesco, an estimated $2.86M sold.
Based on aggregated 13F filings for Q3 2013.