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Nuveen AMT-Free Municipal Credit Income Fund
NVG

188 hedge funds and large institutions have $291M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2019 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 50 increasing their positions, 54 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 19

1% more funds holding

Funds holding: 187 → 188 (+1)

7% less repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 54

1.78% less ownership

Funds ownership: 11.33% → 9.55% (-1.8%)

8% less capital invested

Capital invested by funds: $317M → $291M (-$26.4M)

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
188
Holders Change
+1
Holders Change %
+0.53%
% of All Funds
4.07%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.06%
New
23
Increased
50
Reduced
54
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CC
Claybrook Capital
Massachusetts
+$1.47M
2
Bank of America
Bank of America
North Carolina
+$1.15M
3
LPL Financial
LPL Financial
California
+$1.01M
4
Wells Fargo
Wells Fargo
California
+$1.01M
5
VanEck Associates
VanEck Associates
New York
+$829K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$13.8M
2
Morgan Stanley
Morgan Stanley
New York
-$9.17M
3
LCM
Landscape Capital Management
New Jersey
-$5.87M
4
HI
HBK Investments
Texas
-$4.99M
5
Koshinski Asset Management
Koshinski Asset Management
Illinois
-$4.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
HKAM
76
Horizon Kinetics Asset Management
New York
$377K +$363K +24,971 New
TIM
77
Tortoise Investment Management
New York
$368K – – –
WAOTB
78
Wealth Advisors of Tampa Bay
Florida
$350K – – –
AFC
79
AFT Forsyth & Company
Florida
$348K – – –
Thrivent Financial for Lutherans
80
Thrivent Financial for Lutherans
Minnesota
$345K +$86.5K +5,945 +35%
CSA
81
Cottage Street Advisors
Massachusetts
$341K -$28.4K -1,953 -8%
SPC
82
Sigma Planning Corp
Michigan
$338K -$18.3K -1,258 -5%
JCM
83
Janney Capital Management
Pennsylvania
$334K – – –
FAAS
84
First Allied Advisory Services
California
$327K – – –
PHIMC
85
Private Harbour Investment Management & Counsel
Ohio
$319K -$88.2K -6,067 -22%
US Bancorp
86
US Bancorp
Minnesota
$318K -$14.7K -1,013 -5%
PAM
87
Peak Asset Management
Colorado
$312K +$26.2K +1,800 +10%
PCM
88
Pointe Capital Management
Michigan
$304K – – –
HCM
89
Hollencrest Capital Management
California
$300K -$17.6K -1,213 -6%
PVWM
90
Point View Wealth Management
New Jersey
$296K – – –
CI
91
Conning Inc
Connecticut
$291K – – –
WSFS
92
Wilmington Savings Fund Society
Delaware
$290K – – –
CBTWT
93
Community Bank & Trust (Waco, Texas)
Texas
$279K – – –
RBFC
94
Roman Butler Fullerton & Co
Missouri
$277K – – –
IA
95
IFG Advisory
Georgia
$277K +$407 +28 +0.2%
MAFM
96
Mid Atlantic Financial Management
Pennsylvania
$271K -$89.8K -6,172 -26%
BAM
97
Belpointe Asset Management
Nevada
$271K +$14.5K +1,000 +6%
WS
98
Wedbush Securities
California
$268K – – –
SCM
99
Sterneck Capital Management
Missouri
$267K -$124K -8,500 -32%
WI
100
Wintrust Investments
Illinois
$238K – – –
2 3
4
5 6

NVG Hedge Fund Activity: Q1 2019 in Review

188 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2019, worth a combined $291M — down 8.3% from $317M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new NVG positions and 19 closed out — a net gain of 4 holders — while 50 added to existing stakes and 54 trimmed.

The largest buyer was Claybrook Capital, opening a new position worth an estimated $1.47M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $13.8M sold.

  • 188 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2019, up from 187 in Q4 2018.
  • Funds reported $291M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2019, down 8.3% quarter-over-quarter.
  • 23 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2019 and 19 closed out, a net change of +4 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2019 was Claybrook Capital, an estimated $1.47M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2019 was Karpus Investment Management, an estimated $13.8M sold.

Based on aggregated 13F filings for Q1 2019.