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Nuveen AMT-Free Municipal Credit Income Fund
NVG

174 hedge funds and large institutions have $380M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2016 Q2 according to their latest regulatory filings, with 131 funds opening new positions, 39 increasing their positions, 1 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,800% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 1

1,210% more first-time investments, than exits

New positions opened: 131 | Existing positions closed: 10

304% more capital invested

Capital invested by funds: $94M → $380M (+$286M)

228% more funds holding

Funds holding: 53 → 174 (+121)

13.33% less ownership

Funds ownership: 24.86% → 11.53% (-13%)

Holders
174
Holders Change
+121
Holders Change %
+228.3%
% of All Funds
4.64%
Holding in Top 10
5
Holding in Top 10 Change
+5
Holding in Top 10 Change %
% of All Funds
0.13%
New
131
Increased
39
Reduced
1
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$32.6M
2
Morgan Stanley
Morgan Stanley
New York
+$31.4M
3
KIM
Karpus Investment Management
New York
+$25.2M
4
Wells Fargo
Wells Fargo
California
+$16.7M
5
OHA
Oak Hill Advisors
New York
+$12.5M

Top Sellers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
-$9.09M
2
RCM
Rivernorth Capital Management
Florida
-$2.71M
3
CCP
Clough Capital Partners
Massachusetts
-$746K
4
WAM
Weiss Asset Management
Massachusetts
-$465K
5
YCM
Yakira Capital Management
Connecticut
-$453K
Name Holding Trade Value Shares
Change 		Change in
Stake
JHIU
101
Janus Henderson Investors US
Colorado
$325K +$313K +20,000 New
CI
102
Conning Inc
Connecticut
$313K +$301K +19,255 New
WS
103
Wedbush Securities
California
$307K +$296K +18,902 New
Bank of New York Mellon
104
Bank of New York Mellon
New York
$301K +$289K +18,484 New
NFG
105
Next Financial Group
Texas
$301K +$290K +18,532 New
Luther King Capital Management (LKCM)
106
Luther King Capital Management (LKCM)
Texas
$300K +$289K +18,473 New
OC
107
Oppenheimer & Co
New York
$299K +$53K +3,383 +23%
ASA
108
Armstrong Shaw Associates
Connecticut
$297K +$286K +18,293 New
KeyBank National Association
109
KeyBank National Association
Ohio
$269K +$259K +16,566 New
NDSI
110
Newman Dignan & Sheerar Inc
Rhode Island
$262K +$252K +16,085 New
GWM
111
Geneos Wealth Management
Colorado
$257K +$209K +13,345 +555%
ICOA
112
Investment Centers of America
North Dakota
$256K +$246K +15,690 New
PMG
113
ProVise Management Group
Florida
$251K +$241K +15,422 New
Deutsche Bank
114
Deutsche Bank
Germany
$246K +$238K +15,175 New
JP Morgan Chase
115
JP Morgan Chase
New York
$239K +$230K +14,718 New
GP
116
Geneva Partners
Wisconsin
$237K +$245K +15,665 New
LAM
117
Lebenthal Asset Management
New York
$220K +$212K +13,552 New
LH
118
Lebenthal Holdings
New York
$220K +$212K +13,552 New
GLA
119
Great Lakes Advisors
Illinois
$219K +$211K +13,457 New
PMFA
120
Plante Moran Financial Advisors
Michigan
$218K +$209K +13,381 New
OC
121
Oarsman Capital
Wisconsin
$218K +$210K +13,388 New
CA
122
Cetera Advisors
Colorado
$216K +$208K +13,264 New
HFS
123
HL Financial Services
Kentucky
$208K +$200K +12,804 New
WB
124
Webster Bank
Connecticut
$205K +$197K +12,588 New
SMH
125
Sanders Morris Harris
Texas
$202K +$195K +12,464 New
3 4
5
6 7

NVG Hedge Fund Activity: Q2 2016 in Review

174 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2016, worth a combined $380M — up 304% from $94M a quarter earlier.

Buyers outnumbered sellers: 131 funds opened new NVG positions and 10 closed out — a net gain of 121 holders — while 39 added to existing stakes and 1 trimmed.

The largest buyer was UBS Group, adding an estimated $32.6M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $9.09M sold.

  • 174 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2016, up from 53 in Q1 2016.
  • Funds reported $380M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2016, up 304% quarter-over-quarter.
  • 131 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2016 and 10 closed out, a net change of +121 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2016 was UBS Group, an estimated $32.6M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $9.09M sold.

Based on aggregated 13F filings for Q2 2016.