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Nuveen AMT-Free Municipal Credit Income Fund
NVG

218 hedge funds and large institutions have $388M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2019 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 65 increasing their positions, 32 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

218% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 17

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

103% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 32

19% more capital invested

Capital invested by funds: $325M → $388M (+$62.2M)

18% more funds holding

Funds holding: 185 → 218 (+33)

1.09% more ownership

Funds ownership: 9.74% → 10.84% (+1.1%)

Holders
218
Holders Change
+33
Holders Change %
+17.84%
% of All Funds
4.29%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.06%
New
54
Increased
65
Reduced
32
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$18.9M
2
SIA
Sit Investment Associates
Minnesota
+$10.5M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$5.67M
4
Morgan Stanley
Morgan Stanley
New York
+$2.89M
5
Truist Financial
Truist Financial
North Carolina
+$2.78M

Top Sellers

Rank Fund Capital Flow
1
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
-$9.19M
2
COLIM
City of London Investment Management
United Kingdom
-$2.18M
3
Ameriprise
Ameriprise
Minnesota
-$1.55M
4
AG
Advisor Group
Arizona
-$1.43M
5
VC
Vicus Capital
Pennsylvania
-$1.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
76
Belpointe Asset Management
Nevada
$528K +$161K +9,800 +45%
IAA
77
Independent Advisor Alliance
North Carolina
$518K +$512K +31,094 New
DADC
78
D.A. Davidson & Co
Montana
$516K +$509K +30,937 New
AFC
79
AFT Forsyth & Company
Florida
$500K – – –
PCM
80
Poehling Capital Management
Wisconsin
$500K +$494K +30,000 New
UCFA
81
United Capital Financial Advisors
Texas
$498K -$117K -7,094 -19%
HA
82
HYA Advisors
Missouri
$493K +$486K +29,570 New
PVWM
83
Point View Wealth Management
New Jersey
$490K +$172K +10,441 +55%
JWCA
84
J.W. Cole Advisors
Florida
$489K +$482K +29,317 New
FM
85
Family Management
New York
$469K +$43.4K +2,640 +10%
KP
86
Keel Point
Alabama
$463K – – –
PWA
87
Physician Wealth Advisors
Utah
$453K – – –
CCFM
88
Clear Creek Financial Management
Washington
$435K +$411 +25 +0.1%
RJT
89
Raymond James Trust
Florida
$425K -$22.2K -1,350 -5%
NCM
90
Next Capital Management
New York
$423K +$418K +25,391 New
AAS
91
Avantax Advisory Services
Texas
$421K +$69K +4,193 +20%
IAMOG
92
Investors Asset Management of Georgia
Georgia
$419K – – –
M&T Bank
93
M&T Bank
New York
$419K +$413K +25,122 New
HKAM
94
Horizon Kinetics Asset Management
New York
$416K – – –
Fifth Third Bancorp
95
Fifth Third Bancorp
Ohio
$408K +$29K +1,762 +8%
CFB
96
Cullen/Frost Bankers
Texas
$394K -$13.2K -800 -3%
SPC
97
Sigma Planning Corp
Michigan
$392K +$40.6K +2,471 +12%
G
98
Gainplan
Michigan
$386K -$5.45K -331 -1%
WAOTB
99
Wealth Advisors of Tampa Bay
Florida
$386K – – –
TIM
100
Tortoise Investment Management
New York
$382K +$15.4K +937 +4%
2 3
4
5 6

NVG Hedge Fund Activity: Q4 2019 in Review

218 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2019, worth a combined $388M — up 19% from $325M a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new NVG positions and 17 closed out — a net gain of 37 holders — while 65 added to existing stakes and 32 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $18.9M. The largest seller was Johnson Financial Group Inc (Wisconsin), exiting entirely with an estimated $9.19M sold.

  • 218 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2019, up from 185 in Q3 2019.
  • Funds reported $388M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2019, up 19% quarter-over-quarter.
  • 54 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2019 and 17 closed out, a net change of +37 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2019 was Rivernorth Capital Management, an estimated $18.9M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2019 was Johnson Financial Group Inc (Wisconsin), an estimated $9.19M sold.

Based on aggregated 13F filings for Q4 2019.