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Nuveen AMT-Free Municipal Credit Income Fund
NVG

218 hedge funds and large institutions have $388M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2019 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 65 increasing their positions, 32 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

218% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 17

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

103% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 32

19% more capital invested

Capital invested by funds: $325M → $388M (+$62.2M)

18% more funds holding

Funds holding: 185 → 218 (+33)

1.09% more ownership

Funds ownership: 9.74% → 10.84% (+1.1%)

Holders
218
Holders Change
+33
Holders Change %
+17.84%
% of All Funds
4.29%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.06%
New
54
Increased
65
Reduced
32
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$18.9M
2
SIA
Sit Investment Associates
Minnesota
+$10.5M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$5.67M
4
Morgan Stanley
Morgan Stanley
New York
+$2.89M
5
Truist Financial
Truist Financial
North Carolina
+$2.78M

Top Sellers

Rank Fund Capital Flow
1
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
-$9.19M
2
COLIM
City of London Investment Management
United Kingdom
-$2.18M
3
Ameriprise
Ameriprise
Minnesota
-$1.55M
4
AG
Advisor Group
Arizona
-$1.43M
5
VC
Vicus Capital
Pennsylvania
-$1.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
CFA
176
Carroll Financial Associates
North Carolina
$79K – – –
HWM
177
Howard Wealth Management
Connecticut
$79K +$78.7K +4,785 New
BCWM
178
Bartlett & Co Wealth Management
Ohio
$75K – – –
AIM
179
Anchor Investment Management
South Carolina
$66.8K – – –
SA
180
SRH Advisors
Kansas
$65K – – –
BFC
181
Bedel Financial Consulting
Indiana
$59K – – –
FWM
182
FSA Wealth Management
Massachusetts
$57K +$56.2K +3,414 New
CHA
183
Carmichael Hill & Associates
Maryland
$55K +$54.5K +3,310 New
PCG
184
Private Capital Group
Connecticut
$55K +$54.8K +3,334 New
TCM
185
Tradewinds Capital Management
Washington
$52K – – –
BRC
186
Bell Rock Capital
Delaware
$52K +$477 +29 +0.9%
SSB
187
Sandy Spring Bank
Maryland
$50K – – –
EIP
188
Ellis Investment Partners
Pennsylvania
$49K – – –
APWM
189
Atlas Private Wealth Management
New York
$45K +$44.7K +2,720 New
NL
190
NVWM LLC
Pennsylvania
$35K – – –
LPWM
191
Lake Point Wealth Management
Texas
$35K +$34.9K +2,120 New
TI
192
tru Independence
Oregon
$34K +$38K +2,310 New
CAC
193
Certified Advisory Corp
Florida
$33K +$395 +24 +1%
CAL
194
Capital Analysts LLC
Pennsylvania
$31K – – –
EWM
195
Edge Wealth Management
New York
$31K +$21.1K +1,283 +222%
ADL
196
Asset Dedication LLC
California
$25K – – –
CFGS
197
Concourse Financial Group Securities
Alabama
$22K +$21.4K +1,299 New
PAM
198
Panagora Asset Management
Massachusetts
$19K +$18.5K +1,126 New
PA
199
PSI Advisors
Florida
$19K +$19K +1,155 New
DOA
200
D'Orazio & Associates
Virginia
$17K – – –
6 7
8
9 10

NVG Hedge Fund Activity: Q4 2019 in Review

218 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2019, worth a combined $388M — up 19% from $325M a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new NVG positions and 17 closed out — a net gain of 37 holders — while 65 added to existing stakes and 32 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $18.9M. The largest seller was Johnson Financial Group Inc (Wisconsin), exiting entirely with an estimated $9.19M sold.

  • 218 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2019, up from 185 in Q3 2019.
  • Funds reported $388M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2019, up 19% quarter-over-quarter.
  • 54 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2019 and 17 closed out, a net change of +37 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2019 was Rivernorth Capital Management, an estimated $18.9M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2019 was Johnson Financial Group Inc (Wisconsin), an estimated $9.19M sold.

Based on aggregated 13F filings for Q4 2019.