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Nuveen AMT-Free Municipal Credit Income Fund
NVG

256 hedge funds and large institutions have $558M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2023 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 61 increasing their positions, 81 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 34

31% more capital invested

Capital invested by funds: $426M → $558M (+$132M)

7% more funds holding

Funds holding: 240 → 256 (+16)

2.72% more ownership

Funds ownership: 19.31% → 22.03% (+2.7%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

25% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 81

Holders
256
Holders Change
+16
Holders Change %
+6.67%
% of All Funds
3.73%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
55
Increased
61
Reduced
81
Closed
34
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$31.8M
2
KIM
Karpus Investment Management
New York
+$6.07M
3
LSC
Logan Stone Capital
Illinois
+$5.44M
4
UBS Group
UBS Group
Switzerland
+$5M
5
PCM
PenderFund Capital Management
British Columbia, Canada
+$4.44M

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$5.01M
2
Osaic Holdings
Osaic Holdings
Arizona
-$3.26M
3
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
-$2.46M
4
Stifel Financial
Stifel Financial
Missouri
-$1.93M
5
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
-$1.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
PVM
51
Palogic Value Management
Texas
$1.66M +$457K +42,088 +43%
RIL
52
Rothschild Investment LLC
Illinois
$1.66M +$1.53M +140,570 New
PAG
53
Private Advisor Group
New Jersey
$1.6M -$83.4K -7,673 -5%
CPC
54
Congress Park Capital
New York
$1.6M +$136K +12,500 +10%
GC
55
Gould Capital
Washington
$1.4M +$43 +4 +0%
TWP
56
Tyche Wealth Partners
Texas
$1.36M +$1.25M +114,750 New
MC
57
Matisse Capital
Oregon
$1.3M – – –
BF
58
BOK Financial
Oklahoma
$1.28M – – –
CAPTRUST Financial Advisors
59
CAPTRUST Financial Advisors
North Carolina
$1.27M -$1.68M -154,285 -59%
PFS
60
Prospera Financial Services
Texas
$1.25M +$698K +64,214 +156%
Allspring Global Investments
61
Allspring Global Investments
North Carolina
$1.23M – – –
PA
62
Pinnacle Associates
New York
$1.22M -$329K -30,270 -23%
Invesco
63
Invesco
Georgia
$1.2M +$442K +40,656 +67%
DWM
64
Dakota Wealth Management
Florida
$1.19M +$945K +87,000 +622%
Northwestern Mutual Wealth Management
65
Northwestern Mutual Wealth Management
Wisconsin
$1.1M -$124K -11,378 -11%
Baird Financial Group
66
Baird Financial Group
Wisconsin
$1.1M +$230K +21,164 +30%
SCM
67
Sterneck Capital Management
Missouri
$1.09M -$103K -9,504 -9%
IIM
68
InTrack Investment Management
Vermont
$1.08M +$172K +15,854 +21%
Mariner
69
Mariner
Kansas
$1.03M -$24.5K -2,259 -3%
NA
70
NewEdge Advisors
Louisiana
$986K -$108K -9,904 -10%
Koshinski Asset Management
71
Koshinski Asset Management
Illinois
$915K +$290K +26,715 +53%
MPW
72
Melone Private Wealth
Michigan
$835K -$212K -19,497 -22%
OC
73
Oppenheimer & Co
New York
$821K +$263K +24,235 +54%
CAN
74
Cetera Advisor Networks
California
$819K +$284K +26,098 +60%
TA
75
Tectonic Advisors
Texas
$798K +$9.18K +845 +1%
1 2
3
4 5

NVG Hedge Fund Activity: Q4 2023 in Review

256 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2023, worth a combined $558M — up 31% from $426M a quarter earlier.

Buyers outnumbered sellers: 55 funds opened new NVG positions and 34 closed out — a net gain of 21 holders — while 61 added to existing stakes and 81 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $31.8M. The largest seller was Fiera Capital (Canada), cutting an estimated $5.01M.

  • 256 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2023, up from 240 in Q3 2023.
  • Funds reported $558M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2023, up 31% quarter-over-quarter.
  • 55 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2023 and 34 closed out, a net change of +21 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $31.8M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2023 was Fiera Capital (Canada), an estimated $5.01M sold.

Based on aggregated 13F filings for Q4 2023.