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Nuveen AMT-Free Municipal Credit Income Fund
NVG

222 hedge funds and large institutions have $371M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2020 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 61 increasing their positions, 51 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

30% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 27

20% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 51

2% more funds holding

Funds holding: 218 → 222 (+4)

0.98% more ownership

Funds ownership: 10.84% → 11.82% (+0.98%)

4% less capital invested

Capital invested by funds: $388M → $371M (-$16.5M)

Holders
222
Holders Change
+4
Holders Change %
+1.83%
% of All Funds
4.89%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
35
Increased
61
Reduced
51
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$17.3M
2
N
Natixis
France
+$5.1M
3
RCM
Rivernorth Capital Management
Florida
+$5M
4
PCM
PenderFund Capital Management
British Columbia, Canada
+$4.84M
5
VCM
Vivaldi Capital Management
Illinois
+$4.57M

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$18.8M
2
UBS Group
UBS Group
Switzerland
-$2.04M
3
IAN
Integrated Advisors Network
Texas
-$1.81M
4
VanEck Associates
VanEck Associates
New York
-$1.41M
5
SIA
Sit Investment Associates
Minnesota
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
OPS
76
Orion Portfolio Solutions
Nebraska
$530K +$583K +36,112 New
Bank of New York Mellon
77
Bank of New York Mellon
New York
$529K -$90.1K -5,581 -13%
SWP
78
Stratos Wealth Partners
Ohio
$529K +$20.2K +1,250 +4%
SPIA
79
Steward Partners Investment Advisory
New York
$519K +$9.1K +564 +2%
FM
80
Family Management
New York
$516K +$114K +7,049 +25%
BFEC
81
Benjamin F. Edwards & Company
Missouri
$513K +$38.1K +2,360 +7%
CAN
82
Cetera Advisor Networks
California
$504K -$387K -23,978 -41%
BAM
83
Belpointe Asset Management
Nevada
$495K +$32.3K +2,000 +6%
EW
84
Evoke Wealth
California
$476K -$131K -8,141 -20%
ACA
85
Ackerman Capital Advisors
Texas
$469K +$516K +31,955 New
PCM
86
Poehling Capital Management
Wisconsin
$440K – – –
AFC
87
AFT Forsyth & Company
Florida
$440K – – –
UCFA
88
United Capital Financial Advisors
Texas
$422K -$17.8K -1,106 -4%
HA
89
HYA Advisors
Missouri
$418K -$17.3K -1,070 -4%
KP
90
Keel Point
Alabama
$407K – – –
M&T Bank
91
M&T Bank
New York
$395K +$29.4K +1,819 +7%
PA
92
Parallel Advisors
California
$395K +$294K +18,192 +208%
PWA
93
Physician Wealth Advisors
Utah
$389K -$4.28K -265 -1%
HighTower Advisors
94
HighTower Advisors
Illinois
$387K +$81.4K +5,044 +24%
PVWM
95
Point View Wealth Management
New Jersey
$383K -$53.8K -3,331 -11%
CCFM
96
Clear Creek Financial Management
Washington
$382K +$2.87K +178 +0.7%
NCM
97
Next Capital Management
New York
$375K +$2.4K +149 +0.6%
Fifth Third Bancorp
98
Fifth Third Bancorp
Ohio
$359K – – –
AAS
99
Avantax Advisory Services
Texas
$343K -$29.9K -1,855 -7%
WAOTB
100
Wealth Advisors of Tampa Bay
Florida
$340K – – –
2 3
4
5 6

NVG Hedge Fund Activity: Q1 2020 in Review

222 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2020, worth a combined $371M — down 4.3% from $388M a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new NVG positions and 27 closed out — a net gain of 8 holders — while 61 added to existing stakes and 51 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $17.3M. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $18.8M sold.

  • 222 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2020, up from 218 in Q4 2019.
  • Funds reported $371M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2020, down 4.3% quarter-over-quarter.
  • 35 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2020 and 27 closed out, a net change of +8 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $17.3M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2020 was Mackay Shields LLC, an estimated $18.8M sold.

Based on aggregated 13F filings for Q1 2020.