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Nuveen AMT-Free Municipal Credit Income Fund
NVG

188 hedge funds and large institutions have $291M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2019 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 50 increasing their positions, 54 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 19

1% more funds holding

Funds holding: 187 → 188 (+1)

7% less repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 54

1.78% less ownership

Funds ownership: 11.33% → 9.55% (-1.8%)

8% less capital invested

Capital invested by funds: $317M → $291M (-$26.4M)

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
188
Holders Change
+1
Holders Change %
+0.53%
% of All Funds
4.07%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.06%
New
23
Increased
50
Reduced
54
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CC
Claybrook Capital
Massachusetts
+$1.47M
2
Bank of America
Bank of America
North Carolina
+$1.15M
3
LPL Financial
LPL Financial
California
+$1.01M
4
Wells Fargo
Wells Fargo
California
+$1.01M
5
VanEck Associates
VanEck Associates
New York
+$829K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$13.8M
2
Morgan Stanley
Morgan Stanley
New York
-$9.17M
3
LCM
Landscape Capital Management
New Jersey
-$5.87M
4
HI
HBK Investments
Texas
-$4.99M
5
Koshinski Asset Management
Koshinski Asset Management
Illinois
-$4.47M
Name Holding Trade Value Shares
Change 		Change in
Stake
G
126
Gainplan
Michigan
$162K +$156K +10,696 New
HVIA
127
Hudson Valley Investment Advisors
New York
$159K +$153K +10,500 New
MML Investors Services
128
MML Investors Services
Massachusetts
$156K +$175 +12 +0.1%
OC
129
Oarsman Capital
Wisconsin
$156K +$150K +10,325 New
Deutsche Bank
130
Deutsche Bank
Germany
$155K – – –
SFA
131
Sequoia Financial Advisors
Ohio
$151K – – –
Citigroup
132
Citigroup
New York
$137K +$625 +43 +0.5%
WAP
133
Wealthcare Advisory Partners
Pennsylvania
$133K – – –
BBNA
134
Bremer Bank National Association
Minnesota
$125K +$118K +8,133 New
DAM
135
Delta Asset Management
Tennessee
$114K – – –
NSIM
136
North Star Investment Management
Illinois
$113K – – –
APA
137
American Portfolios Advisors
New York
$105K +$61.6K +4,235 +157%
GI
138
Gradient Investments
Minnesota
$94K – – –
MWM
139
Mascoma Wealth Management
New Hampshire
$93K – – –
LA
140
Legacy Advisors
Pennsylvania
$78K +$74.9K +5,151 New
SWM
141
SeaCrest Wealth Management
New York
$75K -$39.2K -2,692 -35%
CFA
142
Carroll Financial Associates
North Carolina
$72K – – –
BCWM
143
Bartlett & Co Wealth Management
Ohio
$68.3K – – –
BC
144
Bartlett & Co
Ohio
$68K – – –
AIC
145
Ameritas Investment Company
Nebraska
$63K -$18.2K -1,254 -23%
MPWT
146
MassMutual Private Wealth & Trust
Connecticut
$60.7K +$58.4K +4,018 New
AIM
147
Anchor Investment Management
South Carolina
$60.6K – – –
SA
148
SRH Advisors
Kansas
$59K – – –
BFC
149
Bedel Financial Consulting
Indiana
$54K – – –
BRC
150
Bell Rock Capital
Delaware
$46K -$56.2K -3,867 -56%
4 5
6
7 8

NVG Hedge Fund Activity: Q1 2019 in Review

188 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2019, worth a combined $291M — down 8.3% from $317M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new NVG positions and 19 closed out — a net gain of 4 holders — while 50 added to existing stakes and 54 trimmed.

The largest buyer was Claybrook Capital, opening a new position worth an estimated $1.47M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $13.8M sold.

  • 188 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2019, up from 187 in Q4 2018.
  • Funds reported $291M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2019, down 8.3% quarter-over-quarter.
  • 23 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2019 and 19 closed out, a net change of +4 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2019 was Claybrook Capital, an estimated $1.47M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2019 was Karpus Investment Management, an estimated $13.8M sold.

Based on aggregated 13F filings for Q1 2019.