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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
ASN
126
Advisory Services Network
Georgia
$246K +$791 +49 +0.3%
MCA
127
Magnolia Capital Advisors
Mississippi
$244K – – –
IWM
128
IHT Wealth Management
Illinois
$240K +$264K +16,378 New
Goldman Sachs
129
Goldman Sachs
New York
$234K +$257K +15,923 New
BA
130
BCM Advisors
Louisiana
$228K – – –
CCG
131
Ceeto Capital Group
Florida
$219K – – –
PAM
132
Peak Asset Management
Colorado
$214K -$119K -7,400 -34%
SBIA
133
Sheaff Brock Investment Advisors
Indiana
$214K -$37.1K -2,299 -14%
GWM
134
Greenwich Wealth Management
Connecticut
$212K -$28.2K -1,749 -11%
IC
135
IEQ Capital
California
$212K – – –
SWM
136
SeaCrest Wealth Management
New York
$212K +$65.5K +4,056 +39%
APA
137
American Portfolios Advisors
New York
$207K +$23.9K +1,478 +12%
PMG
138
ProVise Management Group
Florida
$204K – – –
MAFM
139
Mid Atlantic Financial Management
Pennsylvania
$202K -$1.61K -100 -0.7%
WMA
140
Wealth Management Associates
New Jersey
$202K -$1.03K -64 -0.5%
ECM
141
Evergreen Capital Management
Washington
$200K – – –
TNBTD
142
Trustmark National Bank Trust Department
Mississippi
$197K – – –
NS
143
NewDay Solutions
New Hampshire
$195K – – –
GWM
144
Geneos Wealth Management
Colorado
$194K -$1.49K -92 -0.7%
WB
145
Webster Bank
Connecticut
$192K – – –
CB
146
Commerce Bank
Missouri
$190K – – –
IWC
147
Integrated Wealth Concepts
Massachusetts
$189K +$533 +33 +0.3%
Citigroup
148
Citigroup
New York
$181K +$34.5K +2,139 +21%
JIR
149
James Investment Research
Ohio
$173K – – –
DWM
150
Dakota Wealth Management
Florida
$173K +$190K +11,800 New
4 5
6
7 8

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.