Nuveen AMT-Free Municipal Credit Income Fund
250 hedge funds and large institutions have $384M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 78 increasing their positions, 63 reducing their positions, and 31 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
24% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 63
6% more capital invested
Capital invested by funds: $364M → $384M (+$20.9M)
1.45% more ownership
Funds ownership: 14.08% → 15.53% (+1.4%)
10% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 31
0% more funds holding
Funds holding: 250 → 250 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$25.5M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$14.4M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.42M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$3.94M |
| 5 |
Morgan Stanley
New York
|
+$3.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$19.4M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$4.63M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.43M |
| 4 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$2.34M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$2.29M |
NVG Hedge Fund Activity: Q1 2023 in Review
250 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2023, worth a combined $384M — up 5.7% from $364M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new NVG positions and 31 closed out — a net gain of 3 holders — while 78 added to existing stakes and 63 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $25.5M. The largest seller was Guggenheim Capital, cutting an estimated $19.4M.
- 250 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $384M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2023, up 5.7% quarter-over-quarter.
- 34 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2023 and 31 closed out, a net change of +3 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2023 was Rivernorth Capital Management, an estimated $25.5M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2023 was Guggenheim Capital, an estimated $19.4M sold.
Based on aggregated 13F filings for Q1 2023.