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Nuveen AMT-Free Municipal Credit Income Fund
NVG

169 hedge funds and large institutions have $301M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 23

1% more funds holding

Funds holding: 168 → 169 (+1)

0.93% less ownership

Funds ownership: 11.08% → 10.15% (-0.93%)

7% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 42

7% less capital invested

Capital invested by funds: $326M → $301M (-$24.1M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
169
Holders Change
+1
Holders Change %
+0.6%
% of All Funds
4.21%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
25
Increased
39
Reduced
42
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$2.6M
2
Morgan Stanley
Morgan Stanley
New York
+$1.34M
3
LPL Financial
LPL Financial
California
+$1.14M
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.1M
5
CB
Commerce Bank
Missouri
+$759K

Top Sellers

1
IP
Ironsides Partners
Massachusetts
-$7.66M
2
Wells Fargo
Wells Fargo
California
-$7.06M
3
RCM
Rivernorth Capital Management
Florida
-$5.74M
4
KIM
Karpus Investment Management
New York
-$4.13M
5
OA
Oxbow Advisors
Texas
-$3.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
SMC
51
Smith, Moore & Co
Missouri
$826K +$275K +18,947 +50%
LCM
52
Landscape Capital Management
New Jersey
$811K +$465K +32,067 +136%
BFEC
53
Benjamin F. Edwards & Company
Missouri
$789K +$190K +13,121 +32%
CB
54
Commerce Bank
Missouri
$765K +$759K +52,345 New
FFEC
55
First Financial Equity Corporation
Arizona
$756K +$749K +51,633 New
SPC
56
Sigma Planning Corp
Michigan
$677K +$29.2K +2,017 +5%
SWP
57
Stratos Wealth Partners
Ohio
$676K +$18.6K +1,283 +3%
DC
58
Davenport & Co
Virginia
$674K -$37.3K -2,573 -5%
Fifth Third Bancorp
59
Fifth Third Bancorp
Ohio
$663K +$76.8K +5,300 +13%
HCC
60
Hirtle Callaghan & Co
Pennsylvania
$658K – – –
COLIM
61
City of London Investment Management
United Kingdom
$650K +$645K +44,500 New
JMPWA
62
JP Morgan Private Wealth Advisors
California
$642K +$1.48K +102 +0.2%
FNFDCM
63
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$635K – – –
PAG
64
Private Advisor Group
New Jersey
$575K +$156K +10,762 +38%
PCM
65
Pointe Capital Management
Michigan
$565K +$561K +38,675 New
NL
66
NWAM LLC
Washington
$559K +$31.1K +2,144 +6%
Northern Trust
67
Northern Trust
Illinois
$513K -$24.1K -1,664 -5%
GEM
68
Global Endowment Management
North Carolina
$509K – – –
CCWA
69
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$494K – – –
HK
70
Horizon Kinetics
New York
$474K -$2.6K -179 -0.5%
RJT
71
Raymond James Trust
Florida
$473K – – –
TNBTD
72
Trustmark National Bank Trust Department
Mississippi
$466K -$101K -7,000 -18%
WS
73
Wedbush Securities
California
$446K -$19.7K -1,357 -4%
SAM
74
SignalPoint Asset Management
Missouri
$426K +$725 +50 +0.2%
US Bancorp
75
US Bancorp
Minnesota
$420K +$115K +7,927 +38%
1 2
3
4 5

NVG Hedge Fund Activity: Q1 2017 in Review

169 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2017, worth a combined $301M — down 7.4% from $326M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new NVG positions and 23 closed out — a net gain of 2 holders — while 39 added to existing stakes and 42 trimmed.

The largest buyer was Ameriprise, opening a new position worth an estimated $2.6M. The largest seller was Ironsides Partners, exiting entirely with an estimated $7.66M sold.

  • 169 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2017, up from 168 in Q4 2016.
  • Funds reported $301M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2017, down 7.4% quarter-over-quarter.
  • 25 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2017 and 23 closed out, a net change of +2 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2017 was Ameriprise, an estimated $2.6M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2017 was Ironsides Partners, an estimated $7.66M sold.

Based on aggregated 13F filings for Q1 2017.