We are live on ! Find out more
NVG icon

Nuveen AMT-Free Municipal Credit Income Fund
NVG

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
163
Holders Change
-6
Holders Change %
-3.55%
% of All Funds
4.06%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
16
Increased
38
Reduced
47
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PPA
Parametric Portfolio Associates
Washington
+$15.1M
2
CA
Cornerstone Advisory
Maryland
+$6.91M
3
IWA
IBEX Wealth Advisors
New Jersey
+$1.33M
4
COLIM
City of London Investment Management
United Kingdom
+$1.08M
5
Wells Fargo
Wells Fargo
California
+$1.01M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$6.31M
2
LPL Financial
LPL Financial
California
-$4.39M
3
GC
Guggenheim Capital
Illinois
-$3.33M
4
SJIC
St. James Investment Company
Texas
-$1.08M
5
KIM
Karpus Investment Management
New York
-$999K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
151
WFG Advisors
Texas
$20K – – –
WEC
152
Winslow Evans & Crocker
Massachusetts
$16.1K -$15 -1 -0.1%
Thrivent Financial for Lutherans
153
Thrivent Financial for Lutherans
Minnesota
$16K – – –
FMII
154
Farmers & Merchants Investments Inc
Nebraska
$15K – – –
RWA
155
Ropes Wealth Advisors
Massachusetts
$15K – – –
MA
156
MUFG Americas
New York
$12K – – –
AAP
157
Arax Advisory Partners
Colorado
$12K +$164 +11 +1%
FFC
158
First Financial Corp
Indiana
$10K – – –
SEI Investments
159
SEI Investments
Pennsylvania
$10K +$10.2K +683 New
EWM
160
Edge Wealth Management
New York
$9K – – –
MFBTD
161
MB Financial Bank - Trust Department
Illinois
$9K +$4.77K +319 +131%
PCTC
162
Perkins Coie Trust Company
Washington
$8K – – –
FANJ
163
Financial Architects (New Jersey)
New Jersey
$5K – – –
RFA
164
Reilly Financial Advisors
California
$4K – – –
FPB
165
First PREMIER Bank
South Dakota
$3K – – –
LNB
166
Ledyard National Bank
$2K – – –
SJIC
167
St. James Investment Company
Texas
– -$1.08M -73,600 Closed
KIM
168
Karpus Investment Management
New York
– -$999K -68,317 Closed
LCM
169
Landscape Capital Management
New Jersey
– -$811K -55,711 Closed
CB
170
Commerce Bank
Missouri
– -$765K -52,345 Closed
GEM
171
Global Endowment Management
North Carolina
– -$509K -34,843 Closed
SAM
172
SignalPoint Asset Management
Missouri
– -$426K -29,138 Closed
Millennium Management
173
Millennium Management
New York
– -$333K -22,767 Closed
MIAN
174
Mariner Independent Advisor Network
Kansas
– -$307K -20,856 Closed
AIP
175
ARS Investment Partners
New York
– -$259K -17,716 Closed
4 5 6
7
8

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.