Nuveen AMT-Free Municipal Credit Income Fund
185 hedge funds and large institutions have $325M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2019 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 48 increasing their positions, 41 reducing their positions, and 17 closing their positions.
18% more capital invested
Capital invested by funds: $277M → $325M (+$48.5M)
17% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 41
6% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 17
0.96% more ownership
Funds ownership: 8.79% → 9.74% (+0.96%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 186 → 185 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$32.6M |
| 2 |
N
Natixis
Paris,
France
|
+$2.33M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1.87M |
| 4 |
SS
Sunbelt Securities
Houston,
Texas
|
+$982K |
| 5 |
ED
Exane Derivatives
Paris,
France
|
+$722K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Koshinski Asset Management
Decatur,
Illinois
|
-$2.29M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.92M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.35M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.33M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.24M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WTC
201
WhitTier Trust Company
Reno,
Nevada
| – | -$28K | -1,781 | Closed |
|
|
MA
202
MUFG Americas
New York
| – | -$12K | -731 | Closed |
|
203
Fidelity Investments
Boston,
Massachusetts
| – | +$16 | +1 | New |
|
NVG Hedge Fund Activity: Q3 2019 in Review
185 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2019, worth a combined $325M — up 18% from $277M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NVG positions and 17 closed out — a net gain of 1 holder — while 48 added to existing stakes and 41 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $32.6M. The largest seller was Koshinski Asset Management, exiting entirely with an estimated $2.29M sold.
- 185 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2019, down from 186 in Q2 2019.
- Funds reported $325M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2019, up 18% quarter-over-quarter.
- 18 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2019 and 17 closed out, a net change of +1 holder.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2019 was Guggenheim Capital, an estimated $32.6M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2019 was Koshinski Asset Management, an estimated $2.29M sold.
Based on aggregated 13F filings for Q3 2019.