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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
SA
176
SRH Advisors
Kansas
$57K – – –
BFC
177
Bedel Financial Consulting
Indiana
$52K – – –
FWM
178
FSA Wealth Management
Massachusetts
$50K – – –
PCG
179
Private Capital Group
Connecticut
$49K – – –
TCM
180
Tradewinds Capital Management
Washington
$46K – – –
CHA
181
Carmichael Hill & Associates
Maryland
$41K -$8.39K -520 -16%
EIP
182
Ellis Investment Partners
Pennsylvania
$41K – – –
APWM
183
Atlas Private Wealth Management
New York
$40K – – –
PFPT
184
Pinnacle Financial Partners (Tennessee)
Tennessee
$37K -$147K -9,100 -78%
SSB
185
Sandy Spring Bank
Maryland
$37K -$8.07K -500 -17%
NL
186
NVWM LLC
Pennsylvania
$31K – – –
CAC
187
Certified Advisory Corp
Florida
$29K +$436 +27 +1%
CAL
188
Capital Analysts LLC
Pennsylvania
$27K – – –
EWM
189
Edge Wealth Management
New York
$27K – – –
ADL
190
Asset Dedication LLC
California
$22K – – –
PAM
191
Panagora Asset Management
Massachusetts
$22K +$5.84K +362 +32%
TC
192
Truvestments Capital
Florida
$21K +$24.2K +1,497 New
ANBT
193
American National Bank & Trust
Texas
$20K +$21.7K +1,342 New
CFGS
194
Concourse Financial Group Securities
Alabama
$19K – – –
DOA
195
D'Orazio & Associates
Virginia
$15K – – –
SCA
196
Stonebridge Capital Advisors
Minnesota
$14K – – –
DWM
197
Darwin Wealth Management
Florida
$14K +$15.5K +962 New
MPWT
198
MassMutual Private Wealth & Trust
Connecticut
$13K -$64.8K -4,018 -81%
BAM
199
Bellevue Asset Management
Washington
$13K – – –
AIC
200
Ameritas Investment Company
Nebraska
$13K +$15.5K +962 New
6 7
8
9 10

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.