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Nuveen AMT-Free Municipal Credit Income Fund
NVG

172 hedge funds and large institutions have $316M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 48 increasing their positions, 37 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 12

30% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 37

6% more funds holding

Funds holding: 163 → 172 (+9)

0.32% less ownership

Funds ownership: 10.4% → 10.08% (-0.32%)

1% less capital invested

Capital invested by funds: $320M → $316M (-$4.71M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
172
Holders Change
+9
Holders Change %
+5.52%
% of All Funds
4.29%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
23
Increased
48
Reduced
37
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$8.74M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.78M
3
Invesco
Invesco
Georgia
+$933K
4
OFG
OTA Financial Group
New York
+$755K
5
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
+$730K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$10.2M
2
RCM
Rivernorth Capital Management
Florida
-$4.65M
3
FFA
First Foundation Advisors
California
-$3.77M
4
ABC
Associated Banc-Corp
Wisconsin
-$2.74M
5
RJA
Raymond James & Associates
Florida
-$1.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCAG
76
Rehmann Capital Advisory Group
Michigan
$426K – – –
HK
77
Horizon Kinetics
New York
$420K -$78.9K -5,100 -16%
BA
78
BCM Advisors
Louisiana
$419K – – –
SIM
79
Sadoff Investment Management
Wisconsin
$412K – – –
IAMOG
80
Investors Asset Management of Georgia
Georgia
$402K – – –
Bank of New York Mellon
81
Bank of New York Mellon
New York
$393K -$226K -14,592 -36%
CSA
82
Cottage Street Advisors
Massachusetts
$378K – – –
VF
83
Virtu Financial
New York
$378K +$379K +24,537 New
FAAS
84
First Allied Advisory Services
California
$364K – – –
CAN
85
Cetera Advisor Networks
California
$363K +$156K +10,062 +74%
HCM
86
Hollencrest Capital Management
California
$362K – – –
WSFS
87
Wilmington Savings Fund Society
Delaware
$346K – – –
JFGIW
88
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$346K +$199K +12,873 +134%
JCM
89
Janney Capital Management
Pennsylvania
$340K +$342K +22,132 New
IH
90
IFC Holdings
Florida
$334K -$13K -840 -4%
CCB
91
Cutter & Co Brokerage
Missouri
$329K – – –
Susquehanna International Group
92
Susquehanna International Group
Pennsylvania
$329K +$331K +21,384 New
GAG
93
GM Advisory Group
New York
$327K – – –
CBTWT
94
Community Bank & Trust (Waco, Texas)
Texas
$324K +$10.4K +673 +3%
HCM
95
Hilton Capital Management
New York
$308K – – –
PVWM
96
Point View Wealth Management
New Jersey
$308K – – –
MML Investors Services
97
MML Investors Services
Massachusetts
$307K -$17.9K -1,160 -6%
SFS
98
Sowell Financial Services
Arkansas
$299K +$305K +19,707 New
CI
99
Conning Inc
Connecticut
$296K – – –
OC
100
Oppenheimer & Co
New York
$292K -$10.7K -692 -4%
2 3
4
5 6

NVG Hedge Fund Activity: Q3 2017 in Review

172 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2017, worth a combined $316M — down 1.5% from $320M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new NVG positions and 12 closed out — a net gain of 11 holders — while 48 added to existing stakes and 37 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $8.74M. The largest seller was Wells Fargo, cutting an estimated $10.2M.

  • 172 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2017, up from 163 in Q2 2017.
  • Funds reported $316M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2017, down 1.5% quarter-over-quarter.
  • 23 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2017 and 12 closed out, a net change of +11 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2017 was Parametric Portfolio Associates, an estimated $8.74M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2017 was Wells Fargo, an estimated $10.2M sold.

Based on aggregated 13F filings for Q3 2017.