Nuveen AMT-Free Municipal Credit Income Fund
56 hedge funds and large institutions have $84.1M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2015 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 18 reducing their positions, and 10 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
2.41% less ownership
Funds ownership: 21.96% → 19.55% (-2.4%)
3% less funds holding
Funds holding: 58 → 56 (-2)
10% less capital invested
Capital invested by funds: $93.6M → $84.1M (-$9.45M)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
33% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAM
PT Asset Management
Chicago,
Illinois
|
+$4.43M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$3.71M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$579K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$482K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$352K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$14.3M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.59M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$1.57M |
| 4 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$1.04M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$787K |
NVG Hedge Fund Activity: Q1 2015 in Review
56 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2015, worth a combined $84.1M — down 10% from $93.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NVG and 8 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 12 added.
The largest buyer was PT Asset Management, opening a new position worth an estimated $4.43M. The largest seller was Karpus Investment Management, cutting an estimated $14.3M.
- 56 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2015, down from 58 in Q4 2014.
- Funds reported $84.1M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2015, down 10% quarter-over-quarter.
- 8 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2015 and 10 closed out, a net change of -2 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2015 was PT Asset Management, an estimated $4.43M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2015 was Karpus Investment Management, an estimated $14.3M sold.
Based on aggregated 13F filings for Q1 2015.