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Nuveen AMT-Free Municipal Credit Income Fund
NVG

51 hedge funds and large institutions have $79.6M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2015 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.18% more ownership

Funds ownership: 19.55% → 19.73% (+0.18%)

0% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 16

5% less capital invested

Capital invested by funds: $84.1M → $79.6M (-$4.54M)

9% less funds holding

Funds holding: 56 → 51 (-5)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
51
Holders Change
-5
Holders Change %
-8.93%
% of All Funds
1.37%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
4
Increased
16
Reduced
16
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$5.46M
2
COLIM
City of London Investment Management
United Kingdom
+$1.18M
3
First Trust Advisors
First Trust Advisors
Illinois
+$681K
4
AAM
Advisors Asset Management
Colorado
+$573K
5
Morgan Stanley
Morgan Stanley
New York
+$517K

Top Sellers

1
KIM
Karpus Investment Management
New York
-$4.65M
2
GC
Guggenheim Capital
Illinois
-$1.33M
3
PAM
PT Asset Management
Illinois
-$497K
4
PPA
Parametric Portfolio Associates
Washington
-$492K
5
WAM
Wolverine Asset Management
Illinois
-$308K
Name Holding Trade Value Shares
Change 		Change in
Stake
TRCT
51
Tower Research Capital (TRC)
New York
$7K +$2.05K +146 +37%
LTFS
52
Ladenburg Thalmann Financial Services
Florida
$6K +$3.36K +239 +115%
DS
53
DRW Securities
Illinois
– -$274K -18,851 Closed
CA
54
Cornerstone Advisors
North Carolina
– -$180K -12,421 Closed
WCM
55
Wealthcare Capital Management
Virginia
– -$48K -3,280 Closed
BIM
56
BlackRock Investment Management
Delaware
– -$44K -3,030 Closed
Citigroup
57
Citigroup
New York
– -$30K -2,081 Closed
Creative Planning
58
Creative Planning
Kansas
– -$30K -2,050 Closed
TWMP
59
Taylor Wealth Management Partners
Massachusetts
– -$11K -736 Closed
MA
60
MUFG Americas
New York
– -$10K -678 Closed
PSI
61
Pinnacle Summer Investments
Virginia
– -$15K -1 Closed
1 2
3

NVG Hedge Fund Activity: Q2 2015 in Review

51 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2015, worth a combined $79.6M — down 5.4% from $84.1M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of NVG and 4 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 16 added.

The largest buyer was Wells Fargo, adding an estimated $5.46M. The largest seller was Karpus Investment Management, cutting an estimated $4.65M.

  • 51 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2015, down from 56 in Q1 2015.
  • Funds reported $79.6M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2015, down 5.4% quarter-over-quarter.
  • 4 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2015 and 9 closed out, a net change of -5 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2015 was Wells Fargo, an estimated $5.46M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2015 was Karpus Investment Management, an estimated $4.65M sold.

Based on aggregated 13F filings for Q2 2015.