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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
SCM
151
Sterneck Capital Management
Missouri
$172K – – –
Rockefeller Capital Management
152
Rockefeller Capital Management
New York
$169K +$186K +11,500 New
OC
153
Oppenheimer & Co
New York
$163K +$179K +11,089 New
CCA
154
Column Capital Advisors
Indiana
$161K – – –
GAG
155
GM Advisory Group
New York
$159K – – –
WAM
156
Wolverine Asset Management
Illinois
$159K +$176K +10,882 New
OC
157
Oarsman Capital
Wisconsin
$155K – – –
HVIA
158
Hudson Valley Investment Advisors
New York
$154K – – –
KeyBank National Association
159
KeyBank National Association
Ohio
$154K – – –
DAS
160
Dynamic Advisor Solutions
Arizona
$152K +$167K +10,363 New
Deutsche Bank
161
Deutsche Bank
Germany
$151K – – –
SFA
162
Sequoia Financial Advisors
Ohio
$148K – – –
AllianceBernstein
163
AllianceBernstein
Tennessee
$147K – – –
NFG
164
Next Financial Group
Texas
$143K +$30.7K +1,905 +24%
WAP
165
Wealthcare Advisory Partners
Pennsylvania
$129K – – –
GI
166
Gradient Investments
Minnesota
$116K +$12.2K +754 +11%
CF
167
Centaurus Financial
California
$115K +$9.71K +602 +8%
DAM
168
Delta Asset Management
Tennessee
$110K – – –
NSIM
169
North Star Investment Management
Illinois
$110K – – –
SWM
170
Selective Wealth Management
Virginia
$101K – – –
EP
171
Eudaimonia Partners
Tennessee
$83K – – –
SFS
172
Sowell Financial Services
Arkansas
$81K -$77.6K -4,811 -46%
CFA
173
Carroll Financial Associates
North Carolina
$70K – – –
CAN
174
Claraphi Advisory Network
United States
$65K +$71K +4,398 New
AIM
175
Anchor Investment Management
South Carolina
$58.8K – – –
5 6
7
8 9

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.