Nuveen AMT-Free Municipal Credit Income Fund
56 hedge funds and large institutions have $104M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 7 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
18% more capital invested
Capital invested by funds: $87.9M → $104M (+$16.1M)
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
2.66% more ownership
Funds ownership: 21.67% → 24.32% (+2.7%)
2% more funds holding
Funds holding: 55 → 56 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SNT
51
Security National Trust
Wheeling,
West Virginia
| $11K | – | – | – |
|
|
MFS
52
MSI Financial Services
Springfield,
Massachusetts
| $11K | +$10.5K | +761 | New |
|
|
KTC
53
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| $11K | +$11K | +800 | New |
|
|
MA
54
MUFG Americas
New York
| $8K | – | – | – |
|
55
Citigroup
New York
| $6K | +$4.06K | +295 | +238% |
|
|
PSI
56
Pinnacle Summer Investments
Fairfax,
Virginia
| $5K | – | – | – |
|
|
TRCT
57
Tower Research Capital (TRC)
New York
| $1K | +$661 | +48 | New |
|
|
NCM
58
Newgate Capital Management
Greenwich,
Connecticut
| – | -$923K | -69,239 | Closed |
|
|
TC
59
TFS Capital
West Chester,
Pennsylvania
| – | -$882K | -66,178 | Closed |
|
60
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$381K | -28,599 | Closed |
|
61
AllianceBernstein
Nashville,
Tennessee
| – | -$143K | -10,739 | Closed |
|
|
ACM
62
Argentus Capital Management
Dallas,
Texas
| – | -$143K | -10,691 | Closed |
|
|
TF
63
Trutina Financial
Bellevue,
Washington
| – | -$9K | -666 | Closed |
|
NVG Hedge Fund Activity: Q2 2014 in Review
56 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2014, worth a combined $104M — up 18% from $87.9M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NVG positions and 7 closed out — a net gain of 1 holder — while 17 added to existing stakes and 13 trimmed.
The largest buyer was Bulldog Investors, opening a new position worth an estimated $3.57M. The largest seller was Newgate Capital Management, exiting entirely with an estimated $923K sold.
- 56 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2014, up from 55 in Q1 2014.
- Funds reported $104M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2014, up 18% quarter-over-quarter.
- 8 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2014 and 7 closed out, a net change of +1 holder.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2014 was Bulldog Investors, an estimated $3.57M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2014 was Newgate Capital Management, an estimated $923K sold.
Based on aggregated 13F filings for Q2 2014.