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Nuveen AMT-Free Municipal Credit Income Fund
NVG

222 hedge funds and large institutions have $371M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2020 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 61 increasing their positions, 51 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

30% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 27

20% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 51

2% more funds holding

Funds holding: 218 → 222 (+4)

0.98% more ownership

Funds ownership: 10.84% → 11.82% (+0.98%)

4% less capital invested

Capital invested by funds: $388M → $371M (-$16.5M)

Holders
222
Holders Change
+4
Holders Change %
+1.83%
% of All Funds
4.89%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
35
Increased
61
Reduced
51
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$17.3M
2
N
Natixis
France
+$5.1M
3
RCM
Rivernorth Capital Management
Florida
+$5M
4
PCM
PenderFund Capital Management
British Columbia, Canada
+$4.84M
5
VCM
Vivaldi Capital Management
Illinois
+$4.57M

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$18.8M
2
UBS Group
UBS Group
Switzerland
-$2.04M
3
IAN
Integrated Advisors Network
Texas
-$1.81M
4
VanEck Associates
VanEck Associates
New York
-$1.41M
5
SIA
Sit Investment Associates
Minnesota
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
CFB
101
Cullen/Frost Bankers
Texas
$329K -$19.4K -1,200 -5%
CSA
102
Cottage Street Advisors
Massachusetts
$329K – – –
US Bancorp
103
US Bancorp
Minnesota
$327K +$43.5K +2,693 +14%
JCM
104
Janney Capital Management
Pennsylvania
$325K – – –
FFA
105
First Foundation Advisors
California
$306K +$888 +55 +0.3%
RA
106
Riverstone Advisors
Texas
$305K -$14.6K -904 -4%
HKAM
107
Horizon Kinetics Asset Management
New York
$304K -$69.1K -4,281 -17%
FIA
108
FNY Investment Advisers
New York
$303K +$333K +20,661 New
PCM
109
Pointe Capital Management
Michigan
$296K – – –
MC
110
Moors & Cabot
Massachusetts
$291K +$323K +20,021 New
SPC
111
Sigma Planning Corp
Michigan
$290K -$60.1K -3,726 -16%
GLLW
112
Graves Light Lenhart Wealth
Virginia
$289K – – –
BRWA
113
B. Riley Wealth Advisors
Florida
$285K +$19.3K +1,197 +7%
IFG
114
Independent Financial Group
California
$284K +$313K +19,377 New
PHIMC
115
Private Harbour Investment Management & Counsel
Ohio
$284K -$27.6K -1,713 -8%
CI
116
Conning Inc
Connecticut
$283K – – –
HCM
117
Hollencrest Capital Management
California
$273K – – –
CBTWT
118
Community Bank & Trust (Waco, Texas)
Texas
$272K – – –
RBFC
119
Roman Butler Fullerton & Co
Missouri
$269K – – –
BRWM
120
B. Riley Wealth Management
Tennessee
$269K +$111K +6,887 +60%
TIM
121
Tortoise Investment Management
New York
$268K -$75.5K -4,681 -20%
V
122
Veritable
Delaware
$268K +$90.4K +5,600 +44%
PFGIA
123
Patriot Financial Group Insurance Agency
Massachusetts
$259K +$1.61K +100 +0.6%
MOS
124
MGO One Seven
Ohio
$258K – – –
AIP
125
Ahrens Investment Partners
Louisiana
$251K +$29.3K +1,816 +12%
3 4
5
6 7

NVG Hedge Fund Activity: Q1 2020 in Review

222 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2020, worth a combined $371M — down 4.3% from $388M a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new NVG positions and 27 closed out — a net gain of 8 holders — while 61 added to existing stakes and 51 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $17.3M. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $18.8M sold.

  • 222 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2020, up from 218 in Q4 2019.
  • Funds reported $371M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2020, down 4.3% quarter-over-quarter.
  • 35 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2020 and 27 closed out, a net change of +8 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $17.3M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2020 was Mackay Shields LLC, an estimated $18.8M sold.

Based on aggregated 13F filings for Q1 2020.