Nuveen AMT-Free Municipal Credit Income Fund
53 hedge funds and large institutions have $94M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
2% more funds holding
Funds holding: 52 → 53 (+1)
3% more capital invested
Capital invested by funds: $91.4M → $94M (+$2.56M)
0.74% less ownership
Funds ownership: 25.6% → 24.86% (-0.74%)
17% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$1.7M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.41M |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
+$1.02M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$727K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
+$552K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.01M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.04M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.03M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$806K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KTC
51
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| $12K | – | – | – |
|
|
SNT
52
Security National Trust
Wheeling,
West Virginia
| $12K | – | – | – |
|
|
IA
53
IFP Advisors
Tampa,
Florida
| $10K | -$665K | -45,045 | -99% |
|
|
TF
54
Tompkins Financial
Ithaca,
New York
| $8K | +$7.35K | +498 | New |
|
|
COLIM
55
City of London Investment Management
London,
United Kingdom
| – | -$1.04M | -71,828 | Closed |
|
|
LCM
56
Landscape Capital Management
Englewood,
New Jersey
| – | -$697K | -48,114 | Closed |
|
|
FIMG
57
Financial & Investment Management Group
Traverse City,
Michigan
| – | -$649K | -44,850 | Closed |
|
58
SG Americas Securities
New York
| – | -$167K | -11,503 | Closed |
|
59
US Bancorp
Minneapolis,
Minnesota
| – | -$24K | -1,650 | Closed |
|
|
ACS
60
Archford Capital Strategies
Swansea,
Illinois
| – | -$11K | -712 | Closed |
|
|
AIA
61
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$2K | -110 | Closed |
|
62
Citigroup
New York
| – | -$1K | -49 | Closed |
|
NVG Hedge Fund Activity: Q1 2016 in Review
53 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2016, worth a combined $94M — up 2.8% from $91.4M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NVG positions and 8 closed out — a net gain of 3 holders — while 15 added to existing stakes and 18 trimmed.
The largest buyer was Yorktown Management & Research Company, opening a new position worth an estimated $1.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.01M.
- 53 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2016, up from 52 in Q4 2015.
- Funds reported $94M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2016, up 2.8% quarter-over-quarter.
- 11 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2016 and 8 closed out, a net change of +3 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2016 was Yorktown Management & Research Company, an estimated $1.7M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2016 was Rivernorth Capital Management, an estimated $3.01M sold.
Based on aggregated 13F filings for Q1 2016.