Nuveen AMT-Free Municipal Credit Income Fund
250 hedge funds and large institutions have $516M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2024 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 79 increasing their positions, 53 reducing their positions, and 29 closing their positions.
49% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 53
24% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 29
2% more funds holding
Funds holding: 245 → 250 (+5)
2% less capital invested
Capital invested by funds: $526M → $516M (-$10.3M)
1.68% less ownership
Funds ownership: 19.76% → 18.08% (-1.7%)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$5.2M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$4.91M |
| 3 |
MAM
Milestone Asset Management
Pittsburgh,
Pennsylvania
|
+$4.73M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$3.78M |
| 5 |
Morgan Stanley
New York
|
+$3.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$18.3M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$12.6M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$10M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$8.82M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
-$7.09M |
NVG Hedge Fund Activity: Q3 2024 in Review
250 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2024, worth a combined $516M — down 2% from $526M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new NVG positions and 29 closed out — a net gain of 7 holders — while 79 added to existing stakes and 53 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $5.2M. The largest seller was Saba Capital Management, exiting entirely with an estimated $18.3M sold.
- 250 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2024, up from 245 in Q2 2024.
- Funds reported $516M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2024, down 2% quarter-over-quarter.
- 36 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2024 and 29 closed out, a net change of +7 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2024 was Raymond James Financial Services Advisors, an estimated $5.2M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2024 was Saba Capital Management, an estimated $18.3M sold.
Based on aggregated 13F filings for Q3 2024.