Nuveen AMT-Free Municipal Credit Income Fund
55 hedge funds and large institutions have $87.9M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 18 reducing their positions, and 7 closing their positions.
15% more capital invested
Capital invested by funds: $76.3M → $87.9M (+$11.6M)
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
2% more funds holding
Funds holding: 54 → 55 (+1)
1.68% more ownership
Funds ownership: 19.99% → 21.67% (+1.7%)
50% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.51M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.31M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$941K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$501K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
-$1.4M |
| 2 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$1.39M |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$1.01M |
| 4 |
Morgan Stanley
New York
|
-$730K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$521K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SNT
51
Security National Trust
Wheeling,
West Virginia
| $10K | – | – | – |
|
|
TF
52
Trutina Financial
Bellevue,
Washington
| $9K | +$8.74K | +666 | New |
|
|
MA
53
MUFG Americas
New York
| $8K | – | – | – |
|
|
PSI
54
Pinnacle Summer Investments
Fairfax,
Virginia
| $5K | +$4.81K | +367 | New |
|
55
Citigroup
New York
| $2K | -$14K | -1,067 | -90% |
|
|
CCM
56
Coe Capital Management
Highland Park,
Illinois
| – | -$1.4M | -111,800 | Closed |
|
|
PRCM
57
Pine River Capital Management
Minnetonka,
Minnesota
| – | -$1.01M | -80,600 | Closed |
|
58
SG Americas Securities
New York
| – | -$337K | -26,878 | Closed |
|
|
MWM
59
Merriman Wealth Management
Seattle,
Washington
| – | -$269K | -21,500 | Closed |
|
|
BRWA
60
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$66K | -5,296 | Closed |
|
|
TRCT
61
Tower Research Capital (TRC)
New York
| – | -$15K | -1,200 | Closed |
|
|
MBT
62
Monroe Bank & Trust
Monroe,
Michigan
| – | -$13K | -1,000 | Closed |
|
NVG Hedge Fund Activity: Q1 2014 in Review
55 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2014, worth a combined $87.9M — up 15% from $76.3M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NVG positions and 7 closed out — a net gain of 1 holder — while 9 added to existing stakes and 18 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $6.51M. The largest seller was Coe Capital Management, exiting entirely with an estimated $1.4M sold.
- 55 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2014, up from 54 in Q4 2013.
- Funds reported $87.9M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2014, up 15% quarter-over-quarter.
- 8 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2014 and 7 closed out, a net change of +1 holder.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2014 was Karpus Investment Management, an estimated $6.51M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2014 was Coe Capital Management, an estimated $1.4M sold.
Based on aggregated 13F filings for Q1 2014.