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Nuveen AMT-Free Municipal Credit Income Fund
NVG

188 hedge funds and large institutions have $291M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2019 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 50 increasing their positions, 54 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 19

1% more funds holding

Funds holding: 187 → 188 (+1)

7% less repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 54

1.78% less ownership

Funds ownership: 11.33% → 9.55% (-1.8%)

8% less capital invested

Capital invested by funds: $317M → $291M (-$26.4M)

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
188
Holders Change
+1
Holders Change %
+0.53%
% of All Funds
4.07%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.06%
New
23
Increased
50
Reduced
54
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CC
Claybrook Capital
Massachusetts
+$1.47M
2
Bank of America
Bank of America
North Carolina
+$1.15M
3
LPL Financial
LPL Financial
California
+$1.01M
4
Wells Fargo
Wells Fargo
California
+$1.01M
5
VanEck Associates
VanEck Associates
New York
+$829K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$13.8M
2
Morgan Stanley
Morgan Stanley
New York
-$9.17M
3
LCM
Landscape Capital Management
New Jersey
-$5.87M
4
HI
HBK Investments
Texas
-$4.99M
5
Koshinski Asset Management
Koshinski Asset Management
Illinois
-$4.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
SBIA
101
Sheaff Brock Investment Advisors
Indiana
$238K +$38.5K +2,646 +20%
GAG
102
GM Advisory Group
New York
$236K – – –
BA
103
BCM Advisors
Louisiana
$235K -$80K -5,500 -26%
GLLW
104
Graves Light Lenhart Wealth
Virginia
$235K +$226K +15,534 New
CCG
105
Ceeto Capital Group
Florida
$225K – – –
Lido Advisors
106
Lido Advisors
California
$223K -$5.7K -392 -3%
AAS
107
Avantax Advisory Services
Texas
$222K +$204 +14 +0.1%
ASN
108
Advisory Services Network
Georgia
$217K -$9.64K -663 -4%
PPA
109
Parametric Portfolio Associates
Washington
$217K +$209K +14,380 New
FIA
110
FNY Investment Advisers
New York
$213K +$205K +14,128 New
AIP
111
Ahrens Investment Partners
Louisiana
$207K +$4.54K +312 +2%
ECM
112
Evergreen Capital Management
Washington
$206K – – –
GWM
113
Geneos Wealth Management
Colorado
$205K -$35.4K -2,435 -15%
PMG
114
ProVise Management Group
Florida
$203K – – –
TNBTD
115
Trustmark National Bank Trust Department
Mississippi
$203K – – –
KP
116
Keel Point
Alabama
$198K +$191K +13,100 New
RA
117
Riverstone Advisors
Texas
$190K – – –
WB
118
Webster Bank
Connecticut
$190K – – –
WMA
119
Wealth Management Associates
New Jersey
$182K +$509 +35 +0.3%
BFG
120
Barber Financial Group
Kansas
$180K -$7.72K -531 -4%
CAG
121
Csenge Advisory Group
Florida
$179K -$64.1K -4,405 -27%
JIR
122
James Investment Research
Ohio
$179K – – –
PFPT
123
Pinnacle Financial Partners (Tennessee)
Tennessee
$175K – – –
MWM
124
Merriman Wealth Management
Washington
$173K – – –
Mariner
125
Mariner
Kansas
$164K -$8.46K -582 -5%
3 4
5
6 7

NVG Hedge Fund Activity: Q1 2019 in Review

188 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2019, worth a combined $291M — down 8.3% from $317M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new NVG positions and 19 closed out — a net gain of 4 holders — while 50 added to existing stakes and 54 trimmed.

The largest buyer was Claybrook Capital, opening a new position worth an estimated $1.47M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $13.8M sold.

  • 188 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2019, up from 187 in Q4 2018.
  • Funds reported $291M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2019, down 8.3% quarter-over-quarter.
  • 23 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2019 and 19 closed out, a net change of +4 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2019 was Claybrook Capital, an estimated $1.47M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2019 was Karpus Investment Management, an estimated $13.8M sold.

Based on aggregated 13F filings for Q1 2019.