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Nuveen AMT-Free Municipal Credit Income Fund
NVG

218 hedge funds and large institutions have $391M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2020 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 72 increasing their positions, 46 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 46

5% more capital invested

Capital invested by funds: $371M → $391M (+$20M)

0.09% more ownership

Funds ownership: 11.82% → 11.91% (+0.09%)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

8% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 24

2% less funds holding

Funds holding: 222 → 218 (-4)

Holders
218
Holders Change
-4
Holders Change %
-1.8%
% of All Funds
4.47%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
22
Increased
72
Reduced
46
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$15.4M
2
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
+$7.64M
3
RCM
Robinson Capital Management
Michigan
+$4.1M
4
SIA
Sit Investment Associates
Minnesota
+$2.42M
5
RCM
Rivernorth Capital Management
Florida
+$2.16M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$15.8M
2
OA
Oxbow Advisors
Texas
-$5.38M
3
VCM
Vivaldi Capital Management
Illinois
-$4.15M
4
N
Natixis
France
-$3.97M
5
LCM
Landscape Capital Management
New Jersey
-$2.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
PVWM
101
Point View Wealth Management
New Jersey
$318K -$77.2K -5,263 -20%
HKAM
102
Horizon Kinetics Asset Management
New York
$316K – – –
M&T Bank
103
M&T Bank
New York
$312K -$95.1K -6,485 -24%
RA
104
Riverstone Advisors
Texas
$311K -$6.6K -450 -2%
BRWA
105
B. Riley Wealth Advisors
Florida
$309K +$12K +819 +4%
Rockefeller Capital Management
106
Rockefeller Capital Management
New York
$309K +$128K +8,700 +76%
PCM
107
Pointe Capital Management
Michigan
$308K – – –
Fifth Third Bancorp
108
Fifth Third Bancorp
Ohio
$306K -$65.5K -4,462 -18%
MC
109
Moors & Cabot
Massachusetts
$306K – – –
CBTWT
110
Community Bank & Trust (Waco, Texas)
Texas
$283K – – –
RBFC
111
Roman Butler Fullerton & Co
Missouri
$280K – – –
PHIMC
112
Private Harbour Investment Management & Counsel
Ohio
$279K -$16.2K -1,103 -6%
TIM
113
Tortoise Investment Management
New York
$279K – – –
LWM
114
Loveless Wealth Management
Montana
$278K +$267K +18,213 New
PA
115
Parallel Advisors
California
$273K -$132K -9,022 -34%
SPC
116
Sigma Planning Corp
Michigan
$271K -$30K -2,048 -10%
MOS
117
MGO One Seven
Ohio
$269K – – –
PCS
118
Personal CFO Solutions
New Jersey
$260K +$250K +17,024 New
MCA
119
Magnolia Capital Advisors
Mississippi
$254K +$44 +3 +0%
ASN
120
Advisory Services Network
Georgia
$242K -$13.8K -940 -6%
AIP
121
Ahrens Investment Partners
Louisiana
$239K -$21.4K -1,459 -9%
BA
122
BCM Advisors
Louisiana
$237K – – –
PFGIA
123
Patriot Financial Group Insurance Agency
Massachusetts
$234K -$34.1K -2,323 -13%
JWCA
124
J.W. Cole Advisors
Florida
$234K +$225K +15,308 New
CCG
125
Ceeto Capital Group
Florida
$228K – – –
3 4
5
6 7

NVG Hedge Fund Activity: Q2 2020 in Review

218 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2020, worth a combined $391M — up 5.4% from $371M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of NVG and 22 opened new positions — a net loss of 2 holders — while 46 trimmed existing stakes and 72 added.

The largest buyer was Guggenheim Capital, adding an estimated $15.4M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $15.8M sold.

  • 218 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2020, down from 222 in Q1 2020.
  • Funds reported $391M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2020, up 5.4% quarter-over-quarter.
  • 22 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2020 and 24 closed out, a net change of -2 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2020 was Guggenheim Capital, an estimated $15.4M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2020 was Karpus Investment Management, an estimated $15.8M sold.

Based on aggregated 13F filings for Q2 2020.