Nuveen AMT-Free Municipal Credit Income Fund
222 hedge funds and large institutions have $371M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2020 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 61 increasing their positions, 51 reducing their positions, and 27 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
30% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 27
20% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 51
2% more funds holding
Funds holding: 218 → 222 (+4)
0.98% more ownership
Funds ownership: 10.84% → 11.82% (+0.98%)
4% less capital invested
Capital invested by funds: $388M → $371M (-$16.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$17.3M |
| 2 |
N
Natixis
Paris,
France
|
+$5.1M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5M |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$4.84M |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$4.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$18.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.04M |
| 3 |
IAN
Integrated Advisors Network
Dallas,
Texas
|
-$1.81M |
| 4 |
VanEck Associates
New York
|
-$1.41M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.3M |
NVG Hedge Fund Activity: Q1 2020 in Review
222 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2020, worth a combined $371M — down 4.3% from $388M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new NVG positions and 27 closed out — a net gain of 8 holders — while 61 added to existing stakes and 51 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $17.3M. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $18.8M sold.
- 222 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2020, up from 218 in Q4 2019.
- Funds reported $371M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2020, down 4.3% quarter-over-quarter.
- 35 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2020 and 27 closed out, a net change of +8 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $17.3M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2020 was Mackay Shields LLC, an estimated $18.8M sold.
Based on aggregated 13F filings for Q1 2020.