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Nuveen AMT-Free Municipal Credit Income Fund
NVG

169 hedge funds and large institutions have $301M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 23

1% more funds holding

Funds holding: 168 → 169 (+1)

0.93% less ownership

Funds ownership: 11.08% → 10.15% (-0.93%)

7% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 42

7% less capital invested

Capital invested by funds: $326M → $301M (-$24.1M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
169
Holders Change
+1
Holders Change %
+0.6%
% of All Funds
4.21%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
25
Increased
39
Reduced
42
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$2.6M
2
Morgan Stanley
Morgan Stanley
New York
+$1.34M
3
LPL Financial
LPL Financial
California
+$1.14M
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.1M
5
CB
Commerce Bank
Missouri
+$759K

Top Sellers

Rank Fund Capital Flow
1
IP
Ironsides Partners
Massachusetts
-$7.66M
2
Wells Fargo
Wells Fargo
California
-$7.06M
3
RCM
Rivernorth Capital Management
Florida
-$5.74M
4
KIM
Karpus Investment Management
New York
-$4.13M
5
OA
Oxbow Advisors
Texas
-$3.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
GWM
101
Geneos Wealth Management
Colorado
$240K +$14K +967 +6%
Lido Advisors
102
Lido Advisors
California
$230K +$246 +17 +0.1%
PMG
103
ProVise Management Group
Florida
$225K – – –
MML Investors Services
104
MML Investors Services
Massachusetts
$219K +$217K +14,991 New
AI
105
Atria Investments
North Carolina
$216K -$215K -14,847 -50%
PAM
106
Peak Asset Management
Colorado
$207K +$205K +14,165 New
KeyBank National Association
107
KeyBank National Association
Ohio
$204K -$37.9K -2,612 -16%
RIA
108
Regal Investment Advisors
Michigan
$202K – – –
CAN
109
Cetera Advisor Networks
California
$201K +$199K +13,716 New
GS
110
Girard Securities
California
$197K +$196K +13,500 New
WB
111
Webster Bank
Connecticut
$184K – – –
TW
112
Transform Wealth
Colorado
$183K +$2.48K +171 +1%
BFG
113
Barber Financial Group
Kansas
$182K – – –
GLA
114
Great Lakes Advisors
Illinois
$182K – – –
AIP
115
Ahrens Investment Partners
Louisiana
$182K +$180K +12,419 New
PMFA
116
Plante Moran Financial Advisors
Michigan
$181K – – –
OC
117
Oarsman Capital
Wisconsin
$176K +$174K +12,007 New
SI
118
SII Investments
Wisconsin
$175K -$55.3K -3,811 -24%
Bank of New York Mellon
119
Bank of New York Mellon
New York
$169K +$169K +11,639 New
BA
120
Boston Advisors
Massachusetts
$159K +$157K +10,850 New
GIP
121
Greatmark Investment Partners
Georgia
$153K +$152K +10,479 New
Deutsche Bank
122
Deutsche Bank
Germany
$150K – – –
VSWA
123
Vontobel Swiss Wealth Advisors
Switzerland
$146K – – –
SG Americas Securities
124
SG Americas Securities
New York
$145K +$144K +9,931 New
JFGIW
125
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$141K – – –
3 4
5
6 7

NVG Hedge Fund Activity: Q1 2017 in Review

169 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2017, worth a combined $301M — down 7.4% from $326M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new NVG positions and 23 closed out — a net gain of 2 holders — while 39 added to existing stakes and 42 trimmed.

The largest buyer was Ameriprise, opening a new position worth an estimated $2.6M. The largest seller was Ironsides Partners, exiting entirely with an estimated $7.66M sold.

  • 169 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2017, up from 168 in Q4 2016.
  • Funds reported $301M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2017, down 7.4% quarter-over-quarter.
  • 25 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2017 and 23 closed out, a net change of +2 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2017 was Ameriprise, an estimated $2.6M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2017 was Ironsides Partners, an estimated $7.66M sold.

Based on aggregated 13F filings for Q1 2017.