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Nuveen AMT-Free Municipal Credit Income Fund
NVG

218 hedge funds and large institutions have $388M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2019 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 65 increasing their positions, 32 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

218% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 17

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

103% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 32

19% more capital invested

Capital invested by funds: $325M → $388M (+$62.2M)

18% more funds holding

Funds holding: 185 → 218 (+33)

1.09% more ownership

Funds ownership: 9.74% → 10.84% (+1.1%)

Holders
218
Holders Change
+33
Holders Change %
+17.84%
% of All Funds
4.29%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.06%
New
54
Increased
65
Reduced
32
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$18.9M
2
SIA
Sit Investment Associates
Minnesota
+$10.5M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$5.67M
4
Morgan Stanley
Morgan Stanley
New York
+$2.89M
5
Truist Financial
Truist Financial
North Carolina
+$2.78M

Top Sellers

Rank Fund Capital Flow
1
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
-$9.19M
2
COLIM
City of London Investment Management
United Kingdom
-$2.18M
3
Ameriprise
Ameriprise
Minnesota
-$1.55M
4
AG
Advisor Group
Arizona
-$1.43M
5
VC
Vicus Capital
Pennsylvania
-$1.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
CSA
101
Cottage Street Advisors
Massachusetts
$377K – – –
JCM
102
Janney Capital Management
Pennsylvania
$369K – – –
PAM
103
Peak Asset Management
Colorado
$367K +$52.6K +3,200 +17%
RA
104
Riverstone Advisors
Texas
$362K +$62.5K +3,800 +21%
HighTower Advisors
105
HighTower Advisors
Illinois
$355K -$36.6K -2,222 -9%
PHIMC
106
Private Harbour Investment Management & Counsel
Ohio
$352K – – –
FFA
107
First Foundation Advisors
California
$347K +$2.5K +152 +0.7%
PCM
108
Pointe Capital Management
Michigan
$336K – – –
GLLW
109
Graves Light Lenhart Wealth
Virginia
$328K – – –
US Bancorp
110
US Bancorp
Minnesota
$326K -$8.42K -512 -3%
LWM
111
Loveless Wealth Management
Montana
$322K +$316K +19,221 New
CI
112
Conning Inc
Connecticut
$321K – – –
HCM
113
Hollencrest Capital Management
California
$311K – – –
CBTWT
114
Community Bank & Trust (Waco, Texas)
Texas
$308K +$658 +40 +0.2%
RBFC
115
Roman Butler Fullerton & Co
Missouri
$305K – – –
BRWA
116
B. Riley Wealth Advisors
Florida
$303K +$299K +18,156 New
WS
117
Wedbush Securities
California
$296K – – –
MOS
118
MGO One Seven
Ohio
$293K – – –
PFGIA
119
Patriot Financial Group Insurance Agency
Massachusetts
$292K +$280K +17,029 +3,406%
SBIA
120
Sheaff Brock Investment Advisors
Indiana
$282K -$15.6K -951 -5%
ASN
121
Advisory Services Network
Georgia
$279K -$9.05K -550 -3%
MCA
122
Magnolia Capital Advisors
Mississippi
$277K +$274K +16,638 New
GWM
123
Greenwich Wealth Management
Connecticut
$270K +$267K +16,205 New
CAMG
124
CWA Asset Management Group
Florida
$266K – – –
BA
125
BCM Advisors
Louisiana
$259K – – –
3 4
5
6 7

NVG Hedge Fund Activity: Q4 2019 in Review

218 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2019, worth a combined $388M — up 19% from $325M a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new NVG positions and 17 closed out — a net gain of 37 holders — while 65 added to existing stakes and 32 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $18.9M. The largest seller was Johnson Financial Group Inc (Wisconsin), exiting entirely with an estimated $9.19M sold.

  • 218 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2019, up from 185 in Q3 2019.
  • Funds reported $388M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2019, up 19% quarter-over-quarter.
  • 54 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2019 and 17 closed out, a net change of +37 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2019 was Rivernorth Capital Management, an estimated $18.9M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2019 was Johnson Financial Group Inc (Wisconsin), an estimated $9.19M sold.

Based on aggregated 13F filings for Q4 2019.