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Nuveen AMT-Free Municipal Credit Income Fund
NVG

243 hedge funds and large institutions have $436M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 88 increasing their positions, 56 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 56

13% more capital invested

Capital invested by funds: $384M → $436M (+$51.8M)

1.92% more ownership

Funds ownership: 15.53% → 17.46% (+1.9%)

3% less funds holding

Funds holding: 250 → 243 (-7)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

15% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 27

Holders
243
Holders Change
-7
Holders Change %
-2.8%
% of All Funds
3.82%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.09%
New
23
Increased
88
Reduced
56
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$17.9M
2
SIA
Sit Investment Associates
Minnesota
+$7.39M
3
Morgan Stanley
Morgan Stanley
New York
+$6.16M
4
SCM
Saba Capital Management
New York
+$6.15M
5
KIM
Karpus Investment Management
New York
+$3.72M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$7.97M
2
Bank of America
Bank of America
North Carolina
-$1.37M
3
FAIM
Financial Advocates Investment Management
Washington
-$1.29M
4
LCM
Landscape Capital Management
New Jersey
-$1.21M
5
Wells Fargo
Wells Fargo
California
-$1.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
VF
176
Virtu Financial
New York
$140K +$139K +11,958 New
WFA
177
WMG Financial Advisors
Tennessee
$140K +$139K +11,931 New
PFGIA
178
Patriot Financial Group Insurance Agency
Massachusetts
$135K +$139 +12 +0.1%
SPWG
179
Sage Private Wealth Group
Illinois
$134K – – –
NAS
180
NWF Advisory Services
California
$134K – – –
Financial Engines Advisors
181
Financial Engines Advisors
California
$131K +$130K +11,196 New
RWB
182
RMR Wealth Builders
New Jersey
$130K – – –
NCM
183
Next Capital Management
New York
$127K – – –
SBIA
184
Sheaff Brock Investment Advisors
Indiana
$126K – – –
SFG
185
SevenBridge Financial Group
Pennsylvania
$125K +$124K +10,709 New
SC
186
Savant Capital
Illinois
$123K +$93 +8 +0.1%
HVIA
187
Hudson Valley Investment Advisors
New York
$123K – – –
MCA
188
Magnolia Capital Advisors
Mississippi
$122K -$72K -6,196 -37%
MNBTD
189
Moody National Bank Trust Division
Texas
$119K +$118K +10,170 New
Jane Street
190
Jane Street
New York
$118K +$117K +10,102 New
S
191
SignatureFD
Georgia
$93.6K – – –
GWSG
192
GPS Wealth Strategies Group
Colorado
$88.9K – – –
GI
193
Gradient Investments
Minnesota
$79.7K – – –
NSIM
194
North Star Investment Management
Illinois
$78.5K – – –
PTC
195
Private Trust Company
Ohio
$72.8K – – –
MWM
196
Mascoma Wealth Management
New Hampshire
$66.3K -$13.6K -1,170 -17%
BONH
197
Bank of New Hampshire
New Hampshire
$62.5K – – –
AF
198
Allworth Financial
California
$57.3K +$465 +40 +0.8%
AIM
199
Anchor Investment Management
South Carolina
$46.8K – – –
OLVIG
200
Oliver Lagore Vanvalin Investment Group
Michigan
$46.8K +$46.5K +4,000 New
6 7
8
9 10

NVG Hedge Fund Activity: Q2 2023 in Review

243 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2023, worth a combined $436M — up 13% from $384M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of NVG and 23 opened new positions — a net loss of 4 holders — while 56 trimmed existing stakes and 88 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $17.9M. The largest seller was Guggenheim Capital, cutting an estimated $7.97M.

  • 243 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2023, down from 250 in Q1 2023.
  • Funds reported $436M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2023, up 13% quarter-over-quarter.
  • 23 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2023 and 27 closed out, a net change of -4 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2023 was Rivernorth Capital Management, an estimated $17.9M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2023 was Guggenheim Capital, an estimated $7.97M sold.

Based on aggregated 13F filings for Q2 2023.