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Nuveen AMT-Free Municipal Credit Income Fund
NVG

218 hedge funds and large institutions have $391M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2020 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 72 increasing their positions, 46 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 46

5% more capital invested

Capital invested by funds: $371M → $391M (+$20M)

0.09% more ownership

Funds ownership: 11.82% → 11.91% (+0.09%)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

8% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 24

2% less funds holding

Funds holding: 222 → 218 (-4)

Holders
218
Holders Change
-4
Holders Change %
-1.8%
% of All Funds
4.47%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
22
Increased
72
Reduced
46
Closed
24
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$15.4M
2
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
+$7.64M
3
RCM
Robinson Capital Management
Michigan
+$4.1M
4
SIA
Sit Investment Associates
Minnesota
+$2.42M
5
RCM
Rivernorth Capital Management
Florida
+$2.16M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$15.8M
2
OA
Oxbow Advisors
Texas
-$5.38M
3
VCM
Vivaldi Capital Management
Illinois
-$4.15M
4
N
Natixis
France
-$3.97M
5
LCM
Landscape Capital Management
New Jersey
-$2.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
176
Tradewinds Capital Management
Washington
$48K – – –
EIP
177
Ellis Investment Partners
Pennsylvania
$45K – – –
CHA
178
Carmichael Hill & Associates
Maryland
$43K – – –
APWM
179
Atlas Private Wealth Management
New York
$42K – – –
PFPT
180
Pinnacle Financial Partners (Tennessee)
Tennessee
$38K – – –
SSB
181
Sandy Spring Bank
Maryland
$38K – – –
NL
182
NVWM LLC
Pennsylvania
$33K – – –
CAC
183
Certified Advisory Corp
Florida
$31K +$396 +27 +1%
CAL
184
Capital Analysts LLC
Pennsylvania
$28K – – –
PAM
185
Panagora Asset Management
Massachusetts
$23K – – –
VFA
186
Valeo Financial Advisors
Indiana
$23K +$22K +1,500 New
TC
187
Truvestments Capital
Florida
$22K – – –
ANBT
188
American National Bank & Trust
Texas
$21K – – –
CFGS
189
Concourse Financial Group Securities
Alabama
$20K – – –
SIS
190
Sound Income Strategies
Florida
$17K +$16.6K +1,133 New
BAM
191
Bellevue Asset Management
Washington
$15K – – –
DOA
192
D'Orazio & Associates
Virginia
$15K – – –
BlackRock
193
BlackRock
New York
$15K +$14.1K +962 New
MHR
194
Matthew Hamilton Rosenberg
$15K +$14.3K +978 New
MPWT
195
MassMutual Private Wealth & Trust
Connecticut
$14K – – –
SCA
196
Stonebridge Capital Advisors
Minnesota
$14K – – –
AF
197
Advisornet Financial
Minnesota
$13K – – –
FMB
198
Field & Main Bank
Kentucky
$13K +$12.7K +866 New
AA
199
Ancora Advisors
Ohio
$12K – – –
Bank of Montreal
200
Bank of Montreal
Ontario, Canada
$11K – – –
6 7
8
9 10

NVG Hedge Fund Activity: Q2 2020 in Review

218 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2020, worth a combined $391M — up 5.4% from $371M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of NVG and 22 opened new positions — a net loss of 2 holders — while 46 trimmed existing stakes and 72 added.

The largest buyer was Guggenheim Capital, adding an estimated $15.4M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $15.8M sold.

  • 218 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2020, down from 222 in Q1 2020.
  • Funds reported $391M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2020, up 5.4% quarter-over-quarter.
  • 22 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2020 and 24 closed out, a net change of -2 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2020 was Guggenheim Capital, an estimated $15.4M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2020 was Karpus Investment Management, an estimated $15.8M sold.

Based on aggregated 13F filings for Q2 2020.