Nuveen AMT-Free Municipal Credit Income Fund
174 hedge funds and large institutions have $380M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2016 Q2 according to their latest regulatory filings, with 131 funds opening new positions, 39 increasing their positions, 1 reducing their positions, and 10 closing their positions.
3,800% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 1
1,210% more first-time investments, than exits
New positions opened: 131 | Existing positions closed: 10
304% more capital invested
Capital invested by funds: $94M → $380M (+$286M)
228% more funds holding
Funds holding: 53 → 174 (+121)
13.33% less ownership
Funds ownership: 24.86% → 11.53% (-13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$32.6M |
| 2 |
Morgan Stanley
New York
|
+$31.4M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$25.2M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$16.7M |
| 5 |
OHA
Oak Hill Advisors
New York
|
+$12.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$9.09M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.71M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$746K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$465K |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$453K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KLI
176
Kelman-Lazarov Inc
Memphis,
Tennessee
| $1.99K | +$1.91K | +122 | New |
|
|
PPA
177
Parametric Portfolio Associates
Seattle,
Washington
| – | -$9.09M | -599,293 | Closed |
|
|
CCP
178
Clough Capital Partners
Boston,
Massachusetts
| – | -$746K | -49,200 | Closed |
|
|
WAM
179
Weiss Asset Management
Boston,
Massachusetts
| – | -$465K | -30,659 | Closed |
|
|
YCM
180
Yakira Capital Management
Westport,
Connecticut
| – | -$453K | -29,882 | Closed |
|
|
EVC
181
Eidelman Virant Capital
Saint Louis,
Missouri
| – | -$176K | -12,300 | Closed |
|
|
AIG
182
American International Group
New York
| – | -$104K | -6,860 | Closed |
|
|
WAM
183
Wolverine Asset Management
Chicago,
Illinois
| – | -$79K | -5,255 | Closed |
|
|
DLHL
184
Donald L. Hagan LLC
Sarasota,
Florida
| – | -$23K | -1,500 | Closed |
|
|
KTC
185
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| – | -$12K | -800 | Closed |
|
|
TF
186
Tompkins Financial
Ithaca,
New York
| – | -$8K | -498 | Closed |
|
187
First Manhattan
New York
| – | +$16 | +1 | New |
|
|
ASN
188
Advisory Services Network
Atlanta,
Georgia
| – | +$78 | +5 | New |
|
NVG Hedge Fund Activity: Q2 2016 in Review
174 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2016, worth a combined $380M — up 304% from $94M a quarter earlier.
Buyers outnumbered sellers: 131 funds opened new NVG positions and 10 closed out — a net gain of 121 holders — while 39 added to existing stakes and 1 trimmed.
The largest buyer was UBS Group, adding an estimated $32.6M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $9.09M sold.
- 174 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2016, up from 53 in Q1 2016.
- Funds reported $380M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2016, up 304% quarter-over-quarter.
- 131 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2016 and 10 closed out, a net change of +121 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2016 was UBS Group, an estimated $32.6M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $9.09M sold.
Based on aggregated 13F filings for Q2 2016.