Nuveen AMT-Free Municipal Credit Income Fund
188 hedge funds and large institutions have $291M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2019 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 50 increasing their positions, 54 reducing their positions, and 19 closing their positions.
21% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 19
1% more funds holding
Funds holding: 187 → 188 (+1)
7% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 54
1.78% less ownership
Funds ownership: 11.33% → 9.55% (-1.8%)
8% less capital invested
Capital invested by funds: $317M → $291M (-$26.4M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$1.47M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.15M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.01M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.01M |
| 5 |
VanEck Associates
New York
|
+$829K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$13.8M |
| 2 |
Morgan Stanley
New York
|
-$9.17M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$5.87M |
| 4 |
HI
HBK Investments
Dallas,
Texas
|
-$4.99M |
| 5 |
Koshinski Asset Management
Decatur,
Illinois
|
-$4.47M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QAM
201
Questar Asset Management
Minneapolis,
Minnesota
| – | -$148K | -10,581 | Closed |
|
202
Fisher Asset Management
Camas,
Washington
| – | -$144K | -10,279 | Closed |
|
|
PCIG
203
Partners Capital Investment Group
Boston,
Massachusetts
| – | -$70K | -5,001 | Closed |
|
|
EWM
204
Executive Wealth Management
Brighton,
Michigan
| – | -$29K | -1,872 | Closed |
|
|
SHJ
205
Sharkey, Howes & Javer
Denver,
Colorado
| – | -$22K | -1,540 | Closed |
|
|
PG
206
Patten Group
Chattanooga,
Tennessee
| – | -$12K | -888 | Closed |
|
|
RT
207
Rockland Trust
Hanover,
Massachusetts
| – | -$7K | -481 | Closed |
|
|
MFBTD
208
MB Financial Bank - Trust Department
Rosemont,
Illinois
| – | -$3K | -244 | Closed |
|
209
Fidelity Investments
Boston,
Massachusetts
| – | -$44 | -3 | -50% |
|
|
WAS
210
Winch Advisory Services
Appleton,
Wisconsin
| – | +$15 | +1 | +3% |
|
NVG Hedge Fund Activity: Q1 2019 in Review
188 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2019, worth a combined $291M — down 8.3% from $317M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new NVG positions and 19 closed out — a net gain of 4 holders — while 50 added to existing stakes and 54 trimmed.
The largest buyer was Claybrook Capital, opening a new position worth an estimated $1.47M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $13.8M sold.
- 188 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2019, up from 187 in Q4 2018.
- Funds reported $291M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2019, down 8.3% quarter-over-quarter.
- 23 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2019 and 19 closed out, a net change of +4 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2019 was Claybrook Capital, an estimated $1.47M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2019 was Karpus Investment Management, an estimated $13.8M sold.
Based on aggregated 13F filings for Q1 2019.