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Nuveen AMT-Free Municipal Credit Income Fund
NVG

163 hedge funds and large institutions have $320M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 47 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

6% more capital invested

Capital invested by funds: $301M → $320M (+$18.8M)

0.25% more ownership

Funds ownership: 10.15% → 10.4% (+0.25%)

4% less funds holding

Funds holding: 169 → 163 (-6)

19% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 47

24% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 21

Holders
163
Holders Change
-6
Holders Change %
-3.55%
% of All Funds
4.06%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
16
Increased
38
Reduced
47
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PPA
Parametric Portfolio Associates
Washington
+$15.1M
2
CA
Cornerstone Advisory
Maryland
+$6.91M
3
IWA
IBEX Wealth Advisors
New Jersey
+$1.33M
4
COLIM
City of London Investment Management
United Kingdom
+$1.08M
5
Wells Fargo
Wells Fargo
California
+$1.01M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$6.31M
2
LPL Financial
LPL Financial
California
-$4.39M
3
GC
Guggenheim Capital
Illinois
-$3.33M
4
SJIC
St. James Investment Company
Texas
-$1.08M
5
KIM
Karpus Investment Management
New York
-$999K
Name Holding Trade Value Shares
Change 		Change in
Stake
RIA
101
Regal Investment Advisors
Michigan
$235K – – –
PMG
102
ProVise Management Group
Florida
$234K – – –
Lido Advisors
103
Lido Advisors
California
$230K -$5.25K -351 -2%
TSS
104
Two Sigma Securities
New York
$226K +$223K +14,934 New
BFG
105
Barber Financial Group
Kansas
$225K +$36.7K +2,454 +20%
KeyBank National Association
106
KeyBank National Association
Ohio
$211K – – –
GS
107
Girard Securities
California
$205K – – –
CAN
108
Cetera Advisor Networks
California
$204K -$2.99K -200 -1%
JIR
109
James Investment Research
Ohio
$194K -$168K -11,215 -47%
WB
110
Webster Bank
Connecticut
$191K – – –
GLA
111
Great Lakes Advisors
Illinois
$188K – – –
AIP
112
Ahrens Investment Partners
Louisiana
$188K +$75 +5 +0%
PMFA
113
Plante Moran Financial Advisors
Michigan
$187K – – –
SC
114
Searle & Co
Connecticut
$183K +$181K +12,107 New
AI
115
Atria Investments
North Carolina
$182K -$41K -2,742 -19%
SI
116
SII Investments
Wisconsin
$182K -$523 -35 -0.3%
OC
117
Oarsman Capital
Wisconsin
$171K -$10.8K -722 -6%
BA
118
Boston Advisors
Massachusetts
$164K – – –
SBIA
119
Sheaff Brock Investment Advisors
Indiana
$160K +$158K +10,592 New
GIP
120
Greatmark Investment Partners
Georgia
$159K – – –
Deutsche Bank
121
Deutsche Bank
Germany
$156K – – –
DADC
122
D.A. Davidson & Co
Montana
$154K +$38.9K +2,599 +34%
JFGIW
123
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$146K – – –
JP Morgan Chase
124
JP Morgan Chase
New York
$119K – – –
NSIM
125
North Star Investment Management
Illinois
$113K – – –
3 4
5
6 7

NVG Hedge Fund Activity: Q2 2017 in Review

163 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2017, worth a combined $320M — up 6.2% from $301M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of NVG and 16 opened new positions — a net loss of 5 holders — while 47 trimmed existing stakes and 38 added.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $15.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.31M.

  • 163 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2017, down from 169 in Q1 2017.
  • Funds reported $320M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2017, up 6.2% quarter-over-quarter.
  • 16 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2017 and 21 closed out, a net change of -5 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $15.1M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2017 was Rivernorth Capital Management, an estimated $6.31M sold.

Based on aggregated 13F filings for Q2 2017.