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Nuveen AMT-Free Municipal Credit Income Fund
NVG

256 hedge funds and large institutions have $558M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2023 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 61 increasing their positions, 81 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 34

31% more capital invested

Capital invested by funds: $426M → $558M (+$132M)

7% more funds holding

Funds holding: 240 → 256 (+16)

2.72% more ownership

Funds ownership: 19.31% → 22.03% (+2.7%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

25% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 81

Holders
256
Holders Change
+16
Holders Change %
+6.67%
% of All Funds
3.73%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
55
Increased
61
Reduced
81
Closed
34
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$31.8M
2
KIM
Karpus Investment Management
New York
+$6.07M
3
LSC
Logan Stone Capital
Illinois
+$5.44M
4
UBS Group
UBS Group
Switzerland
+$5M
5
PCM
PenderFund Capital Management
British Columbia, Canada
+$4.44M

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$5.01M
2
Osaic Holdings
Osaic Holdings
Arizona
-$3.26M
3
JFGIW
Johnson Financial Group Inc (Wisconsin)
Wisconsin
-$2.46M
4
Stifel Financial
Stifel Financial
Missouri
-$1.93M
5
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
-$1.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
WMA
176
Wealth Management Associates
New Jersey
$159K -$8.96K -825 -6%
CCFM
177
Clear Creek Financial Management
Washington
$159K -$50.8K -4,677 -26%
AA
178
Alesco Advisors
New York
$156K +$143K +13,165 New
SC
179
Savant Capital
Illinois
$156K +$28.8K +2,649 +25%
PA
180
PFG Advisors
Arizona
$153K +$65 +6 +0%
FMC
181
First Merchants Corp
Indiana
$152K – – –
CIA
182
Concurrent Investment Advisors
Florida
$150K +$137K +12,649 New
CB
183
Commerce Bank
Missouri
$149K – – –
RW
184
REDW Wealth
New Mexico
$148K +$136K +12,500 New
Cetera Investment Advisers
185
Cetera Investment Advisers
Illinois
$147K +$14.6K +1,347 +12%
AA
186
Ancora Advisors
Ohio
$145K – – –
WFA
187
WMG Financial Advisors
Tennessee
$141K +$130K +11,931 New
Financial Engines Advisors
188
Financial Engines Advisors
California
$137K +$126K +11,627 New
FFWM
189
Future Financial Wealth Management
Ohio
$136K +$125K +11,500 New
SPWG
190
Sage Private Wealth Group
Illinois
$136K – – –
VIM
191
Vista Investment Management
Pennsylvania
$132K +$122K +11,200 New
FFA
192
First Foundation Advisors
California
$132K -$77K -7,083 -39%
RWB
193
RMR Wealth Builders
New Jersey
$131K – – –
PGFC
194
Peapack-Gladstone Financial Corp
New Jersey
$130K -$10.7K -986 -8%
AIFAIM
195
American Institute for Advanced Investment Management
Arizona
$129K +$119K +10,936 New
NCM
196
Next Capital Management
New York
$128K – – –
SBIA
197
Sheaff Brock Investment Advisors
Indiana
$127K – – –
HVIA
198
Hudson Valley Investment Advisors
New York
$127K – – –
SFG
199
SevenBridge Financial Group
Pennsylvania
$127K – – –
KWM
200
Kingsview Wealth Management
Oregon
$124K -$186K -17,116 -62%
6 7
8
9 10

NVG Hedge Fund Activity: Q4 2023 in Review

256 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2023, worth a combined $558M — up 31% from $426M a quarter earlier.

Buyers outnumbered sellers: 55 funds opened new NVG positions and 34 closed out — a net gain of 21 holders — while 61 added to existing stakes and 81 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $31.8M. The largest seller was Fiera Capital (Canada), cutting an estimated $5.01M.

  • 256 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2023, up from 240 in Q3 2023.
  • Funds reported $558M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2023, up 31% quarter-over-quarter.
  • 55 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2023 and 34 closed out, a net change of +21 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $31.8M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2023 was Fiera Capital (Canada), an estimated $5.01M sold.

Based on aggregated 13F filings for Q4 2023.