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Nuveen AMT-Free Municipal Credit Income Fund
NVG

187 hedge funds and large institutions have $317M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2018 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 46 increasing their positions, 53 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

20% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 35

2.08% more ownership

Funds ownership: 9.26% → 11.33% (+2.1%)

2% more funds holding

Funds holding: 184 → 187 (+3)

3% more capital invested

Capital invested by funds: $307M → $317M (+$9.93M)

13% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 53

Holders
187
Holders Change
+3
Holders Change %
+1.63%
% of All Funds
4.17%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.11%
New
42
Increased
46
Reduced
53
Closed
35
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$15.4M
2
KIM
Karpus Investment Management
New York
+$13.6M
3
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
+$7.55M
4
RCM
Robinson Capital Management
Michigan
+$7.3M
5
LCM
Landscape Capital Management
New Jersey
+$5.64M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$5.33M
2
PPA
Parametric Portfolio Associates
Washington
-$3.88M
3
UBS Group
UBS Group
Switzerland
-$3.5M
4
SLA
Silver Lake Advisory
Utah
-$2.75M
5
Bessemer Group
Bessemer Group
New Jersey
-$2.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
FM
76
Family Management
New York
$411K +$403K +29,372 New
FFA
77
First Foundation Advisors
California
$404K +$18.6K +1,354 +5%
PHIMC
78
Private Harbour Investment Management & Counsel
Ohio
$380K -$6.74K -491 -2%
SCM
79
Sterneck Capital Management
Missouri
$366K – – –
MOS
80
MGO One Seven
Ohio
$352K – – –
IAMOG
81
Investors Asset Management of Georgia
Georgia
$351K -$13.4K -978 -4%
HK
82
Horizon Kinetics
New York
$349K -$15.9K -1,157 -4%
CSA
83
Cottage Street Advisors
Massachusetts
$343K – – –
CFB
84
Cullen/Frost Bankers
Texas
$341K +$335K +24,412 New
TIM
85
Tortoise Investment Management
New York
$340K -$338K -24,641 -50%
MAFM
86
Mid Atlantic Financial Management
Pennsylvania
$337K +$331K +24,104 New
SPC
87
Sigma Planning Corp
Michigan
$330K +$13.5K +986 +4%
WAOTB
88
Wealth Advisors of Tampa Bay
Florida
$324K -$28.4K -2,070 -8%
AFC
89
AFT Forsyth & Company
Florida
$322K -$424K -30,900 -57%
JCM
90
Janney Capital Management
Pennsylvania
$309K – – –
US Bancorp
91
US Bancorp
Minnesota
$308K -$125K -9,071 -29%
OC
92
Oppenheimer & Co
New York
$304K +$123K +8,996 +70%
FAAS
93
First Allied Advisory Services
California
$302K -$77.2K -5,628 -21%
IWC
94
Integrated Wealth Concepts
Massachusetts
$297K +$727 +53 +0.3%
BA
95
BCM Advisors
Louisiana
$294K -$85.1K -6,200 -23%
HCM
96
Hollencrest Capital Management
California
$294K +$16.6K +1,213 +6%
PCM
97
Pointe Capital Management
Michigan
$282K -$225K -16,405 -45%
RIA
98
Regal Investment Advisors
Michigan
$279K – – –
PVWM
99
Point View Wealth Management
New Jersey
$274K – – –
CI
100
Conning Inc
Connecticut
$269K – – –
2 3
4
5 6

NVG Hedge Fund Activity: Q4 2018 in Review

187 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2018, worth a combined $317M — up 3.2% from $307M a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new NVG positions and 35 closed out — a net gain of 7 holders — while 46 added to existing stakes and 53 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $15.4M. The largest seller was Wells Fargo, cutting an estimated $5.33M.

  • 187 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2018, up from 184 in Q3 2018.
  • Funds reported $317M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2018, up 3.2% quarter-over-quarter.
  • 42 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2018 and 35 closed out, a net change of +7 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $15.4M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2018 was Wells Fargo, an estimated $5.33M sold.

Based on aggregated 13F filings for Q4 2018.