Nuveen AMT-Free Municipal Credit Income Fund
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$15.1M |
| 2 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$6.91M |
| 3 |
IWA
IBEX Wealth Advisors
Bedminster,
New Jersey
|
+$1.33M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.08M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.31M |
| 2 |
LPL Financial
San Diego,
California
|
-$4.39M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.33M |
| 4 |
SJIC
St. James Investment Company
Southlake,
Texas
|
-$1.08M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$999K |
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.