Nuveen AMT-Free Municipal Credit Income Fund
52 hedge funds and large institutions have $91.4M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 7 closing their positions.
73% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 11
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
11% more capital invested
Capital invested by funds: $82.7M → $91.4M (+$8.71M)
5.67% more ownership
Funds ownership: 19.93% → 25.6% (+5.7%)
4% more funds holding
Funds holding: 50 → 52 (+2)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.04M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.15M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$851K |
| 4 |
LPL Financial
San Diego,
California
|
+$832K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$695K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAM
PT Asset Management
Chicago,
Illinois
|
-$717K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$350K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$306K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$291K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$250K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIA
51
Allegis Investment Advisors
Idaho Falls,
Idaho
| $2K | +$1.54K | +110 | New |
|
52
Citigroup
New York
| $1K | -$6.26K | -446 | -90% |
|
|
MCTP
53
MPAM Credit Trading Partners
Cleveland,
Ohio
| – | -$1.43M | -102,927 | Closed |
|
|
PAM
54
PT Asset Management
Chicago,
Illinois
| – | -$717K | -51,472 | Closed |
|
|
TC
55
TFS Capital
West Chester,
Pennsylvania
| – | -$223K | -15,980 | Closed |
|
|
UCFA
56
United Capital Financial Advisors
Irving,
Texas
| – | -$202K | -14,500 | Closed |
|
|
AA
57
AQR Arbitrage
Greenwich,
Connecticut
| – | -$173K | -12,451 | Closed |
|
|
DLHL
58
Donald L. Hagan LLC
Sarasota,
Florida
| – | -$21K | -1,500 | Closed |
|
|
TRCT
59
Tower Research Capital (TRC)
New York
| – | -$3K | -241 | Closed |
|
|
PSI
60
Pinnacle Summer Investments
Fairfax,
Virginia
| – | +$94.4K | +6,718 | +389% |
|
NVG Hedge Fund Activity: Q4 2015 in Review
52 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2015, worth a combined $91.4M — up 11% from $82.7M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NVG positions and 7 closed out — a net gain of 2 holders — while 19 added to existing stakes and 11 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $2.04M. The largest seller was PT Asset Management, exiting entirely with an estimated $717K sold.
- 52 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2015, up from 50 in Q3 2015.
- Funds reported $91.4M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2015, up 11% quarter-over-quarter.
- 9 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2015 and 7 closed out, a net change of +2 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2015 was Karpus Investment Management, an estimated $2.04M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2015 was PT Asset Management, an estimated $717K sold.
Based on aggregated 13F filings for Q4 2015.