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Nuveen AMT-Free Municipal Credit Income Fund
NVG

250 hedge funds and large institutions have $403M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2025 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 83 increasing their positions, 62 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 62

0.8% more ownership

Funds ownership: 16.6% → 17.4% (+0.8%)

5% less capital invested

Capital invested by funds: $423M → $403M (-$19.9M)

3% less funds holding

Funds holding: 257 → 250 (-7)

20% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 25

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
250
Holders Change
-7
Holders Change %
-2.72%
% of All Funds
3.28%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
20
Increased
83
Reduced
62
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GP
Gridiron Partners
Pennsylvania
+$51.9M
2
LSIA
LaSalle St. Investment Advisors
Illinois
+$4.54M
3
GC
Guggenheim Capital
Illinois
+$4.11M
4
Morgan Stanley
Morgan Stanley
New York
+$2.46M
5
LPL Financial
LPL Financial
California
+$2.26M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$15.7M
2
MSL
Mackay Shields LLC
New York
-$14.8M
3
RCM
Robinson Capital Management
Michigan
-$5.26M
4
Wells Fargo
Wells Fargo
California
-$4.18M
5
KIM
Karpus Investment Management
New York
-$2.81M
Name Holding Trade Value Shares
Change 		Change in
Stake
CD
151
Chapin Davis
Maryland
$195K -$17.8K -1,500 -9%
RIA
152
Realta Investment Advisors
Delaware
$191K – – –
First Trust Advisors
153
First Trust Advisors
Illinois
$187K -$11.7K -984 -6%
BB
154
Busey Bank
Illinois
$186K +$2.22K +187 +1%
RB
155
Richmond Brothers
Michigan
$182K -$283K -23,750 -62%
CB
156
Commerce Bank
Missouri
$180K – – –
IC
157
IEQ Capital
California
$178K – – –
LJCM
158
Lee Johnson Capital Management
Texas
$173K +$3.29K +277 +2%
MFA
159
Morling Financial Advisors
California
$172K +$3.28K +276 +2%
PFGIA
160
Patriot Financial Group Insurance Agency
Massachusetts
$171K +$297 +25 +0.2%
HKAM
161
Horizon Kinetics Asset Management
New York
$170K -$148K -12,471 -47%
WMA
162
Wealth Management Associates
New Jersey
$169K – – –
Bank of Montreal
163
Bank of Montreal
Ontario, Canada
$168K +$13.9K +1,166 +9%
Baird Financial Group
164
Baird Financial Group
Wisconsin
$166K -$638K -53,631 -80%
RIL
165
Rothschild Investment LLC
Illinois
$164K – – –
EFA
166
Edge Financial Advisors
Illinois
$161K +$156K +13,100 New
FMC
167
First Merchants Corp
Indiana
$158K – – –
PIA
168
Powell Investment Advisors
Florida
$155K +$559 +47 +0.4%
WB
169
Webster Bank
Connecticut
$155K – – –
MSFS
170
Main Street Financial Solutions
Pennsylvania
$153K -$88.4K -7,435 -37%
FIA
171
Foundations Investment Advisors
Arizona
$151K -$2.14K -180 -1%
AWE
172
Avidian Wealth Enterprises
Texas
$147K +$23.8K +2,000 +20%
ATPW
173
Ashton Thomas Private Wealth
Arizona
$147K +$143K +12,000 New
WP
174
Wealthspan Partners
Iowa
$146K +$464 +39 +0.3%
FFWM
175
Future Financial Wealth Management
Ohio
$145K – – –
5 6
7
8 9

NVG Hedge Fund Activity: Q3 2025 in Review

250 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2025, worth a combined $403M — down 4.7% from $423M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of NVG and 20 opened new positions — a net loss of 5 holders — while 62 trimmed existing stakes and 83 added.

The largest buyer was Gridiron Partners, adding an estimated $51.9M. The largest seller was Rivernorth Capital Management, cutting an estimated $15.7M.

  • 250 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2025, down from 257 in Q2 2025.
  • Funds reported $403M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2025, down 4.7% quarter-over-quarter.
  • 20 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2025 and 25 closed out, a net change of -5 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2025 was Gridiron Partners, an estimated $51.9M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2025 was Rivernorth Capital Management, an estimated $15.7M sold.

Based on aggregated 13F filings for Q3 2025.