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Nuveen AMT-Free Municipal Credit Income Fund
NVG

250 hedge funds and large institutions have $364M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2022 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 57 increasing their positions, 82 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 36

26% more capital invested

Capital invested by funds: $289M → $364M (+$74.6M)

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

5% more funds holding

Funds holding: 239 → 250 (+11)

2.51% more ownership

Funds ownership: 11.58% → 14.08% (+2.5%)

30% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 82

Holders
250
Holders Change
+11
Holders Change %
+4.6%
% of All Funds
4.02%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
52
Increased
57
Reduced
82
Closed
36
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$12.3M
2
SIA
Sit Investment Associates
Minnesota
+$10.9M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$7.78M
4
RCM
Robinson Capital Management
Michigan
+$6.81M
5
Morgan Stanley
Morgan Stanley
New York
+$6.46M

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$4.42M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
-$3.62M
3
WF
Welch & Forbes
Massachusetts
-$2.24M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.85M
5
LPL Financial
LPL Financial
California
-$1.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAN
51
Cetera Advisor Networks
California
$1.28M +$12.8K +1,090 +1%
RB
52
Richmond Brothers
Michigan
$1.27M -$1.29M -109,788 -51%
SCM
53
Sterneck Capital Management
Missouri
$1.25M -$25.9K -2,204 -2%
GC
54
Gould Capital
Washington
$1.11M +$25.7K +2,189 +2%
IA
55
IFP Advisors
Florida
$1.06M -$26K -2,218 -3%
Allspring Global Investments
56
Allspring Global Investments
North Carolina
$1.04M – – –
Mariner
57
Mariner
Kansas
$1.03M +$231K +19,679 +30%
TCBWMS
58
Texas Capital Bank Wealth Management Services
Texas
$977K – – –
CT
59
Caldwell Trust
Florida
$976K -$194K -16,523 -17%
MSWM
60
McGlone Suttner Wealth Management
Wisconsin
$958K +$926K +78,887 New
Invesco
61
Invesco
Georgia
$902K -$579K -49,302 -40%
N
62
Natixis
France
$899K +$869K +74,026 New
SMC
63
Smith, Moore & Co
Missouri
$896K -$12.9K -1,100 -1%
PVM
64
Palogic Value Management
Texas
$862K +$833K +70,973 New
Janney Montgomery Scott
65
Janney Montgomery Scott
Pennsylvania
$812K -$50.1K -4,269 -6%
IFG
66
Independent Financial Group
California
$779K +$126K +10,760 +20%
CPC
67
Congress Park Capital
New York
$777K -$82.2K -7,000 -10%
PNC Financial Services Group
68
PNC Financial Services Group
Pennsylvania
$770K -$183K -15,602 -20%
RA
69
RFG Advisory
Alabama
$728K +$10.5K +896 +2%
MC
70
Mathes Company
New York
$710K -$23.5K -2,000 -3%
Koshinski Asset Management
71
Koshinski Asset Management
Illinois
$677K -$262K -22,280 -29%
Brown Advisory
72
Brown Advisory
Maryland
$672K +$650K +55,394 New
TA
73
Tectonic Advisors
Texas
$668K – – –
Mercer Global Advisors
74
Mercer Global Advisors
Colorado
$658K -$647K -55,077 -50%
First Trust Advisors
75
First Trust Advisors
Illinois
$654K -$156K -13,301 -20%
1 2
3
4 5

NVG Hedge Fund Activity: Q4 2022 in Review

250 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2022, worth a combined $364M — up 26% from $289M a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new NVG positions and 36 closed out — a net gain of 16 holders — while 57 added to existing stakes and 82 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $12.3M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $4.42M.

  • 250 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2022, up from 239 in Q3 2022.
  • Funds reported $364M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2022, up 26% quarter-over-quarter.
  • 52 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2022 and 36 closed out, a net change of +16 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $12.3M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2022 was Raymond James Financial Services Advisors, an estimated $4.42M sold.

Based on aggregated 13F filings for Q4 2022.