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Nuveen AMT-Free Municipal Credit Income Fund
NVG

172 hedge funds and large institutions have $316M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 48 increasing their positions, 37 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 12

30% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 37

6% more funds holding

Funds holding: 163 → 172 (+9)

0.32% less ownership

Funds ownership: 10.4% → 10.08% (-0.32%)

1% less capital invested

Capital invested by funds: $320M → $316M (-$4.71M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
172
Holders Change
+9
Holders Change %
+5.52%
% of All Funds
4.29%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
23
Increased
48
Reduced
37
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$8.74M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.78M
3
Invesco
Invesco
Georgia
+$933K
4
OFG
OTA Financial Group
New York
+$755K
5
Carson Wealth (CWM LLC)
Carson Wealth (CWM LLC)
Nebraska
+$730K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$10.2M
2
RCM
Rivernorth Capital Management
Florida
-$4.65M
3
FFA
First Foundation Advisors
California
-$3.77M
4
ABC
Associated Banc-Corp
Wisconsin
-$2.74M
5
RJA
Raymond James & Associates
Florida
-$1.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
126
Goldman Sachs
New York
$169K +$170K +10,963 New
BA
127
Boston Advisors
Massachusetts
$167K – – –
GIP
128
Greatmark Investment Partners
Georgia
$161K – – –
Neuberger Berman Group
129
Neuberger Berman Group
New York
$159K +$160K +10,356 New
Deutsche Bank
130
Deutsche Bank
Germany
$158K – – –
Millennium Management
131
Millennium Management
New York
$157K +$158K +10,200 New
WAP
132
Wealthcare Advisory Partners
Pennsylvania
$153K +$154K +9,929 New
JP Morgan Chase
133
JP Morgan Chase
New York
$121K – – –
DAM
134
Delta Asset Management
Tennessee
$120K +$18.9K +1,223 +19%
SPIA
135
Steward Partners Investment Advisory
New York
$118K +$77.6K +5,021 +186%
NSIM
136
North Star Investment Management
Illinois
$115K – – –
JWA
137
JFS Wealth Advisors
Pennsylvania
$115K +$116K +7,500 New
SEI Investments
138
SEI Investments
Pennsylvania
$109K +$99.1K +6,410 +939%
Citigroup
139
Citigroup
New York
$97K +$1.02K +66 +1%
VIA
140
Vantage Investment Advisors
Pennsylvania
$83K +$1.16K +75 +1%
MMG
141
Monetary Management Group
Missouri
$72K – – –
PCIG
142
Partners Capital Investment Group
Massachusetts
$72K +$1K +65 +1%
BC
143
Bartlett & Co
Ohio
$69K – – –
Manulife (Manufacturers Life Insurance)
144
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$63K +$17.2K +1,112 +37%
SA
145
SRH Advisors
Kansas
$60K – – –
BRC
146
Bell Rock Capital
Delaware
$59K +$155 +10 +0.3%
IIC
147
Integrated Investment Consultants
Michigan
$52K – – –
WTB
148
Washington Trust Bank
Washington
$51K +$21.6K +1,396 +73%
AIM
149
Anchor Investment Management
South Carolina
$44.4K – – –
Bank of Montreal
150
Bank of Montreal
Ontario, Canada
$44K – – –
4 5
6
7 8

NVG Hedge Fund Activity: Q3 2017 in Review

172 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2017, worth a combined $316M — down 1.5% from $320M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new NVG positions and 12 closed out — a net gain of 11 holders — while 48 added to existing stakes and 37 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $8.74M. The largest seller was Wells Fargo, cutting an estimated $10.2M.

  • 172 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2017, up from 163 in Q2 2017.
  • Funds reported $316M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2017, down 1.5% quarter-over-quarter.
  • 23 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2017 and 12 closed out, a net change of +11 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2017 was Parametric Portfolio Associates, an estimated $8.74M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2017 was Wells Fargo, an estimated $10.2M sold.

Based on aggregated 13F filings for Q3 2017.