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Nuveen AMT-Free Municipal Credit Income Fund
NVG

222 hedge funds and large institutions have $371M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2020 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 61 increasing their positions, 51 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

30% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 27

20% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 51

2% more funds holding

Funds holding: 218 → 222 (+4)

0.98% more ownership

Funds ownership: 10.84% → 11.82% (+0.98%)

4% less capital invested

Capital invested by funds: $388M → $371M (-$16.5M)

Holders
222
Holders Change
+4
Holders Change %
+1.83%
% of All Funds
4.89%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.09%
New
35
Increased
61
Reduced
51
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$17.3M
2
N
Natixis
France
+$5.1M
3
RCM
Rivernorth Capital Management
Florida
+$5M
4
PCM
PenderFund Capital Management
British Columbia, Canada
+$4.84M
5
VCM
Vivaldi Capital Management
Illinois
+$4.57M

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$18.8M
2
UBS Group
UBS Group
Switzerland
-$2.04M
3
IAN
Integrated Advisors Network
Texas
-$1.81M
4
VanEck Associates
VanEck Associates
New York
-$1.41M
5
SIA
Sit Investment Associates
Minnesota
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
201
Advisornet Financial
Minnesota
$12K – – –
AA
202
Ancora Advisors
Ohio
$11K – – –
LS
203
Leelyn Smith
Illinois
$10K +$10.6K +655 New
Bank of Montreal
204
Bank of Montreal
Ontario, Canada
$9K – – –
SFA
205
Semmax Financial Advisors
North Carolina
$9K +$9.92K +615 New
MRCM
206
M&R Capital Management
New Jersey
$8K – – –
TWA
207
TCI Wealth Advisors
Arizona
$8K +$8.38K +519 New
RFM
208
Royal Fund Management
Florida
$8K +$9.52K +590 New
BWA
209
BDO Wealth Advisors
Florida
$7K – – –
VCP
210
Verus Capital Partners
Arizona
$7K +$8.18K +507 New
BCWM
211
Bartlett & Co Wealth Management
Ohio
$6.68K -$65.6K -4,067 -90%
BC
212
Bartlett & Co
Ohio
$6K +$7.02K +435 New
1IA
213
1834 Investment Advisors
Wisconsin
$5K – – –
FP
214
Financial Perspectives
Minnesota
$2.86K – – –
FCA
215
FinTrust Capital Advisors
South Carolina
$2K – – –
JCM
216
Jacobi Capital Management
Pennsylvania
$2K – – –
WEC
217
Winslow Evans & Crocker
Massachusetts
$2K – – –
LWM
218
Liberty Wealth Management
California
$2K +$16 +1 +0.9%
WAS
219
Winch Advisory Services
Wisconsin
$1K – – –
NL
220
NWAM LLC
Washington
$751 +$2.02K +125 +0.2%
TI
221
tru Independence
Oregon
$34 – – –
MSL
222
Mackay Shields LLC
New York
– -$18.8M -1,130,278 Closed
IAN
223
Integrated Advisors Network
Texas
– -$1.81M -108,311 Closed
SS
224
Sunbelt Securities
Texas
– -$997K -59,803 Closed
ATC
225
Argent Trust Co
Tennessee
– -$599K -35,922 Closed
6 7 8
9
10

NVG Hedge Fund Activity: Q1 2020 in Review

222 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2020, worth a combined $371M — down 4.3% from $388M a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new NVG positions and 27 closed out — a net gain of 8 holders — while 61 added to existing stakes and 51 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $17.3M. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $18.8M sold.

  • 222 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2020, up from 218 in Q4 2019.
  • Funds reported $371M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2020, down 4.3% quarter-over-quarter.
  • 35 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2020 and 27 closed out, a net change of +8 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $17.3M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2020 was Mackay Shields LLC, an estimated $18.8M sold.

Based on aggregated 13F filings for Q1 2020.