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Nuveen AMT-Free Municipal Credit Income Fund
NVG

173 hedge funds and large institutions have $285M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2018 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 45 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.18% less ownership

Funds ownership: 9.84% → 9.66% (-0.18%)

2% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 45

4% less funds holding

Funds holding: 180 → 173 (-7)

8% less capital invested

Capital invested by funds: $309M → $285M (-$24.6M)

27% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 22

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
173
Holders Change
-7
Holders Change %
-3.89%
% of All Funds
3.96%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
16
Increased
44
Reduced
45
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$4.57M
2
LCM
Laurion Capital Management
New York
+$4.54M
3
RCM
Robinson Capital Management
Michigan
+$2.08M
4
IWA
IBEX Wealth Advisors
New Jersey
+$1.68M
5
LCM
Landscape Capital Management
New Jersey
+$1.54M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$6.79M
2
UBS Group
UBS Group
Switzerland
-$3.84M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.69M
4
6M
6 Meridian
Kansas
-$2.33M
5
PPA
Parametric Portfolio Associates
Washington
-$2.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
RE
176
RBC Europe
United Kingdom
$2.83K – – –
UBS AM
177
UBS AM
Illinois
$1.86K -$3.05K -207 -62%
BWM
178
Baystate Wealth Management
Massachusetts
$1K +$1.41K +96 New
WEC
179
Winslow Evans & Crocker
Massachusetts
$944 – – –
JMPWA
180
JP Morgan Private Wealth Advisors
California
– -$651K -42,151 Closed
SIA
181
Starfire Investment Advisers
Michigan
– -$564K -36,557 Closed
Squarepoint
182
Squarepoint
New York
– -$537K -34,765 Closed
CAN
183
Cetera Advisor Networks
California
– -$404K -26,212 Closed
IH
184
IFC Holdings
Florida
– -$335K -21,696 Closed
WS
185
Wedbush Securities
California
– -$247K -15,985 Closed
GLA
186
Great Lakes Advisors
Illinois
– -$232K -15,050 Closed
BAM
187
Belpointe Asset Management
Nevada
– -$218K -14,138 Closed
KeyBank National Association
188
KeyBank National Association
Ohio
– -$215K -13,954 Closed
Millennium Management
189
Millennium Management
New York
– -$191K -12,388 Closed
DA
190
Doliver Advisors
Texas
– -$186K -12,053 Closed
CA
191
Cetera Advisors
Colorado
– -$162K -10,500 Closed
Neuberger Berman Group
192
Neuberger Berman Group
New York
– -$160K -10,356 Closed
SBL
193
Sargent Bickham Lagudis
Colorado
– -$82K -5,300 Closed
TA
194
Townsend & Associates
Colorado
– -$51K -3,275 Closed
Bank of Montreal
195
Bank of Montreal
Ontario, Canada
– -$45K -2,888 Closed
CAL
196
Capital Advisors Ltd
Ohio
– -$31K -1,992 Closed
PWM
197
Perigon Wealth Management
California
– -$30K -1,950 Closed
SSB
198
Sandy Spring Bank
Maryland
– -$28K -1,800 Closed
FMII
199
Farmers & Merchants Investments Inc
Nebraska
– -$15K -962 Closed
AAP
200
Arax Advisory Partners
Colorado
– -$12K -786 Closed
5 6 7
8
9

NVG Hedge Fund Activity: Q1 2018 in Review

173 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2018, worth a combined $285M — down 8% from $309M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of NVG and 16 opened new positions — a net loss of 6 holders — while 45 trimmed existing stakes and 44 added.

The largest buyer was Morgan Stanley, adding an estimated $4.57M. The largest seller was Wells Fargo, cutting an estimated $6.79M.

  • 173 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2018, down from 180 in Q4 2017.
  • Funds reported $285M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2018, down 8% quarter-over-quarter.
  • 16 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2018 and 22 closed out, a net change of -6 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2018 was Morgan Stanley, an estimated $4.57M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2018 was Wells Fargo, an estimated $6.79M sold.

Based on aggregated 13F filings for Q1 2018.