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Nuveen AMT-Free Municipal Credit Income Fund
NVG

174 hedge funds and large institutions have $380M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2016 Q2 according to their latest regulatory filings, with 131 funds opening new positions, 39 increasing their positions, 1 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,800% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 1

1,210% more first-time investments, than exits

New positions opened: 131 | Existing positions closed: 10

304% more capital invested

Capital invested by funds: $94M → $380M (+$286M)

228% more funds holding

Funds holding: 53 → 174 (+121)

13.33% less ownership

Funds ownership: 24.86% → 11.53% (-13%)

Holders
174
Holders Change
+121
Holders Change %
+228.3%
% of All Funds
4.64%
Holding in Top 10
5
Holding in Top 10 Change
+5
Holding in Top 10 Change %
% of All Funds
0.13%
New
131
Increased
39
Reduced
1
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$32.6M
2
Morgan Stanley
Morgan Stanley
New York
+$31.4M
3
KIM
Karpus Investment Management
New York
+$25.2M
4
Wells Fargo
Wells Fargo
California
+$16.7M
5
OHA
Oak Hill Advisors
New York
+$12.5M

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$9.09M
2
RCM
Rivernorth Capital Management
Florida
-$2.71M
3
CCP
Clough Capital Partners
Massachusetts
-$746K
4
WAM
Weiss Asset Management
Massachusetts
-$465K
5
YCM
Yakira Capital Management
Connecticut
-$453K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cohen & Steers
51
Cohen & Steers
New York
$979K +$942K +60,180 New
LCM
52
Laurion Capital Management
New York
$936K +$901K +57,552 New
SJIC
53
St. James Investment Company
Texas
$895K +$1.19M +75,709 New
HK
54
Horizon Kinetics
New York
$829K +$798K +50,957 New
PCM
55
Pointe Capital Management
Michigan
$826K +$795K +50,773 New
SPC
56
Sigma Planning Corp
Michigan
$790K +$761K +48,609 New
HCM
57
Hollencrest Capital Management
California
$731K +$704K +44,980 New
Baird Financial Group
58
Baird Financial Group
Wisconsin
$726K +$702K +44,838 New
JMPWA
59
JP Morgan Private Wealth Advisors
California
$710K +$514K +32,824 +303%
SWP
60
Stratos Wealth Partners
Ohio
$707K +$681K +43,480 New
FNFDCM
61
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$706K +$680K +43,429 New
Northern Trust
62
Northern Trust
Illinois
$705K +$679K +43,369 New
RCM
63
Rivernorth Capital Management
Florida
$624K -$2.71M -173,115 -82%
BTS
64
BB&T Securities
Virginia
$615K +$592K +37,831 New
NL
65
NWAM LLC
Washington
$585K +$384K +24,524 +214%
Bank of Montreal
66
Bank of Montreal
Ontario, Canada
$572K +$551K +35,177 New
GEM
67
Global Endowment Management
North Carolina
$567K +$546K +34,843 New
CIBC Private Wealth Group
68
CIBC Private Wealth Group
Georgia
$562K +$541K +34,542 New
CCWA
69
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$550K +$529K +33,800 New
RJT
70
Raymond James Trust
Florida
$533K +$514K +32,808 New
Lazard Asset Management
71
Lazard Asset Management
New York
$532K – – –
Fifth Third Bancorp
72
Fifth Third Bancorp
Ohio
$517K +$358K +22,871 +255%
BFEC
73
Benjamin F. Edwards & Company
Missouri
$508K +$489K +31,216 New
PHIMC
74
Private Harbour Investment Management & Counsel
Ohio
$504K +$485K +30,967 New
SCM
75
Sterneck Capital Management
Missouri
$499K – – –
1 2
3
4 5

NVG Hedge Fund Activity: Q2 2016 in Review

174 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2016, worth a combined $380M — up 304% from $94M a quarter earlier.

Buyers outnumbered sellers: 131 funds opened new NVG positions and 10 closed out — a net gain of 121 holders — while 39 added to existing stakes and 1 trimmed.

The largest buyer was UBS Group, adding an estimated $32.6M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $9.09M sold.

  • 174 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2016, up from 53 in Q1 2016.
  • Funds reported $380M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2016, up 304% quarter-over-quarter.
  • 131 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2016 and 10 closed out, a net change of +121 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2016 was UBS Group, an estimated $32.6M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $9.09M sold.

Based on aggregated 13F filings for Q2 2016.