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Nuveen AMT-Free Municipal Credit Income Fund
NVG

173 hedge funds and large institutions have $285M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2018 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 45 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.18% less ownership

Funds ownership: 9.84% → 9.66% (-0.18%)

2% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 45

4% less funds holding

Funds holding: 180 → 173 (-7)

8% less capital invested

Capital invested by funds: $309M → $285M (-$24.6M)

27% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 22

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
173
Holders Change
-7
Holders Change %
-3.89%
% of All Funds
3.96%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
16
Increased
44
Reduced
45
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$4.57M
2
LCM
Laurion Capital Management
New York
+$4.54M
3
RCM
Robinson Capital Management
Michigan
+$2.08M
4
IWA
IBEX Wealth Advisors
New Jersey
+$1.68M
5
LCM
Landscape Capital Management
New Jersey
+$1.54M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$6.79M
2
UBS Group
UBS Group
Switzerland
-$3.84M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.69M
4
6M
6 Meridian
Kansas
-$2.33M
5
PPA
Parametric Portfolio Associates
Washington
-$2.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
76
Sterneck Capital Management
Missouri
$438K – – –
TNBTD
77
Trustmark National Bank Trust Department
Mississippi
$404K -$29.4K -2,000 -7%
RCAG
78
Rehmann Capital Advisory Group
Michigan
$402K – – –
PHIMC
79
Private Harbour Investment Management & Counsel
Ohio
$401K -$14.4K -978 -3%
BA
80
BCM Advisors
Louisiana
$395K – – –
FFA
81
First Foundation Advisors
California
$389K -$109K -7,418 -22%
SIM
82
Sadoff Investment Management
Wisconsin
$389K – – –
IA
83
IFP Advisors
Florida
$383K – – –
HK
84
Horizon Kinetics
New York
$379K – – –
IAMOG
85
Investors Asset Management of Georgia
Georgia
$379K – – –
SPC
86
Sigma Planning Corp
Michigan
$373K -$133K -9,038 -26%
WAOTB
87
Wealth Advisors of Tampa Bay
Florida
$366K – – –
CSA
88
Cottage Street Advisors
Massachusetts
$356K – – –
JFGIW
89
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$341K +$14.7K +1,000 +4%
WSFS
90
Wilmington Savings Fund Society
Delaware
$326K – – –
FAAS
91
First Allied Advisory Services
California
$322K -$28.1K -1,910 -8%
JCM
92
Janney Capital Management
Pennsylvania
$321K – – –
DADC
93
D.A. Davidson & Co
Montana
$313K +$318K +21,586 New
GAG
94
GM Advisory Group
New York
$308K – – –
JA
95
JOYN Advisors
Georgia
$308K +$112K +7,621 +56%
HCM
96
Hollencrest Capital Management
California
$306K -$17.3K -1,174 -5%
IA
97
IFG Advisory
Georgia
$305K -$1.34K -91 -0.4%
CBTWT
98
Community Bank & Trust (Waco, Texas)
Texas
$296K -$4.42K -300 -1%
OC
99
Oppenheimer & Co
New York
$292K +$60.9K +4,138 +26%
PVWM
100
Point View Wealth Management
New Jersey
$290K – – –
2 3
4
5 6

NVG Hedge Fund Activity: Q1 2018 in Review

173 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2018, worth a combined $285M — down 8% from $309M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of NVG and 16 opened new positions — a net loss of 6 holders — while 45 trimmed existing stakes and 44 added.

The largest buyer was Morgan Stanley, adding an estimated $4.57M. The largest seller was Wells Fargo, cutting an estimated $6.79M.

  • 173 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2018, down from 180 in Q4 2017.
  • Funds reported $285M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2018, down 8% quarter-over-quarter.
  • 16 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2018 and 22 closed out, a net change of -6 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2018 was Morgan Stanley, an estimated $4.57M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2018 was Wells Fargo, an estimated $6.79M sold.

Based on aggregated 13F filings for Q1 2018.