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Nuveen AMT-Free Municipal Credit Income Fund
NVG

163 hedge funds and large institutions have $320M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 47 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

6% more capital invested

Capital invested by funds: $301M → $320M (+$18.8M)

0.25% more ownership

Funds ownership: 10.15% → 10.4% (+0.25%)

4% less funds holding

Funds holding: 169 → 163 (-6)

19% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 47

24% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 21

Holders
163
Holders Change
-6
Holders Change %
-3.55%
% of All Funds
4.06%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
16
Increased
38
Reduced
47
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PPA
Parametric Portfolio Associates
Washington
+$15.1M
2
CA
Cornerstone Advisory
Maryland
+$6.91M
3
IWA
IBEX Wealth Advisors
New Jersey
+$1.33M
4
COLIM
City of London Investment Management
United Kingdom
+$1.08M
5
Wells Fargo
Wells Fargo
California
+$1.01M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$6.31M
2
LPL Financial
LPL Financial
California
-$4.39M
3
GC
Guggenheim Capital
Illinois
-$3.33M
4
SJIC
St. James Investment Company
Texas
-$1.08M
5
KIM
Karpus Investment Management
New York
-$999K
Name Holding Trade Value Shares
Change 		Change in
Stake
SFA
51
Sequoia Financial Advisors
Ohio
$835K -$118K -7,880 -13%
SMC
52
Smith, Moore & Co
Missouri
$819K -$36.9K -2,466 -4%
BFEC
53
Benjamin F. Edwards & Company
Missouri
$809K -$8.18K -547 -1%
PNC Financial Services Group
54
PNC Financial Services Group
Pennsylvania
$768K -$820K -54,820 -52%
PCM
55
Peak Capital Management
Colorado
$741K +$732K +48,936 New
PAG
56
Private Advisor Group
New Jersey
$723K +$123K +8,257 +21%
ASN
57
Advisory Services Network
Georgia
$707K +$419K +28,039 +150%
DC
58
Davenport & Co
Virginia
$706K +$15 +1 +0%
SWP
59
Stratos Wealth Partners
Ohio
$697K -$3.48K -233 -0.5%
OIA
60
OneDigital Investment Advisors
Kansas
$692K +$683K +45,702 New
JMPWA
61
JP Morgan Private Wealth Advisors
California
$667K +$1.51K +101 +0.2%
SPC
62
Sigma Planning Corp
Michigan
$659K -$41.8K -2,794 -6%
FNFDCM
63
Folger Nolan Fleming Douglas Capital Management
District of Columbia
$658K – – –
Bank of New York Mellon
64
Bank of New York Mellon
New York
$609K +$426K +28,502 +245%
Fifth Third Bancorp
65
Fifth Third Bancorp
Ohio
$598K -$88K -5,887 -13%
PCM
66
Pointe Capital Management
Michigan
$586K – – –
NL
67
NWAM LLC
Washington
$546K -$32.7K -2,189 -6%
US Bancorp
68
US Bancorp
Minnesota
$522K +$85.1K +5,692 +20%
ACA
69
Ackerman Capital Advisors
Texas
$515K +$508K +33,977 New
CCWA
70
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$512K – – –
HCC
71
Hirtle Callaghan & Co
Pennsylvania
$502K – – –
HK
72
Horizon Kinetics
New York
$491K – – –
RJT
73
Raymond James Trust
Florida
$490K – – –
Northern Trust
74
Northern Trust
Illinois
$488K -$43.2K -2,890 -8%
WS
75
Wedbush Securities
California
$453K -$8.97K -600 -2%
1 2
3
4 5

NVG Hedge Fund Activity: Q2 2017 in Review

163 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2017, worth a combined $320M — up 6.2% from $301M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of NVG and 16 opened new positions — a net loss of 5 holders — while 47 trimmed existing stakes and 38 added.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $15.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.31M.

  • 163 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2017, down from 169 in Q1 2017.
  • Funds reported $320M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2017, up 6.2% quarter-over-quarter.
  • 16 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2017 and 21 closed out, a net change of -5 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $15.1M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2017 was Rivernorth Capital Management, an estimated $6.31M sold.

Based on aggregated 13F filings for Q2 2017.