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Nuveen AMT-Free Municipal Credit Income Fund
NVG

250 hedge funds and large institutions have $403M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2025 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 83 increasing their positions, 62 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 62

0.8% more ownership

Funds ownership: 16.6% → 17.4% (+0.8%)

5% less capital invested

Capital invested by funds: $423M → $403M (-$19.9M)

3% less funds holding

Funds holding: 257 → 250 (-7)

20% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 25

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
250
Holders Change
-7
Holders Change %
-2.72%
% of All Funds
3.28%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
20
Increased
83
Reduced
62
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GP
Gridiron Partners
Pennsylvania
+$51.9M
2
LSIA
LaSalle St. Investment Advisors
Illinois
+$4.54M
3
GC
Guggenheim Capital
Illinois
+$4.11M
4
Morgan Stanley
Morgan Stanley
New York
+$2.46M
5
LPL Financial
LPL Financial
California
+$2.26M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$15.7M
2
MSL
Mackay Shields LLC
New York
-$14.8M
3
RCM
Robinson Capital Management
Michigan
-$5.26M
4
Wells Fargo
Wells Fargo
California
-$4.18M
5
KIM
Karpus Investment Management
New York
-$2.81M
Name Holding Trade Value Shares
Change 		Change in
Stake
US Bancorp
201
US Bancorp
Minnesota
$54.1K -$12.6K -1,060 -19%
AIM
202
Anchor Investment Management
South Carolina
$49.2K – – –
CIBC Private Wealth Group
203
CIBC Private Wealth Group
Georgia
$49.2K – – –
GWM
204
Geneos Wealth Management
Colorado
$46.4K – – –
FIA
205
FNY Investment Advisers
New York
$46K – – –
AAS
206
Ameritas Advisory Services
Nebraska
$43.5K -$10.6K -892 -20%
HC
207
Hurley Capital
New York
$38.9K – – –
MSG
208
Main Street Group
Virginia
$37.3K – – –
CNBTD
209
Citizens National Bank Trust Department
Mississippi
$36.9K – – –
PA
210
Parallel Advisors
California
$36.9K +$29.3K +2,467 +463%
SWIM
211
Smallwood Wealth Investment Management
New Jersey
$29K +$345 +29 +1%
MA
212
Montag & Associates
Georgia
$23.8K – – –
WANY
213
Wealthspire Advisors (New York)
New York
$23.8K +$23K +1,937 New
TCM
214
Tradewinds Capital Management
Washington
$23.7K – – –
JFA
215
JNBA Financial Advisors
Minnesota
$22.7K – – –
AGWCA
216
Annis Gardner Whiting Capital Advisors
Florida
$21.3K – – –
AF
217
Advisornet Financial
Minnesota
$21.2K – – –
LI
218
LRI Investments
Florida
$19.7K – – –
ATC
219
Adirondack Trust Company
New York
$19K – – –
NSIM
220
North Star Investment Management
Illinois
$18.7K – – –
TC
221
Truvestments Capital
Florida
$18.4K – – –
RFP
222
Root Financial Partners
California
$18.4K +$17.8K +1,496 New
AUB
223
Atlantic Union Bankshares
Virginia
$18K – – –
SIS
224
Sound Income Strategies
Florida
$14K – – –
CJ
225
Caitlin John
Michigan
$13.4K +$13K +1,090 New
7 8
9
10 11

NVG Hedge Fund Activity: Q3 2025 in Review

250 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2025, worth a combined $403M — down 4.7% from $423M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of NVG and 20 opened new positions — a net loss of 5 holders — while 62 trimmed existing stakes and 83 added.

The largest buyer was Gridiron Partners, adding an estimated $51.9M. The largest seller was Rivernorth Capital Management, cutting an estimated $15.7M.

  • 250 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2025, down from 257 in Q2 2025.
  • Funds reported $403M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2025, down 4.7% quarter-over-quarter.
  • 20 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2025 and 25 closed out, a net change of -5 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2025 was Gridiron Partners, an estimated $51.9M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2025 was Rivernorth Capital Management, an estimated $15.7M sold.

Based on aggregated 13F filings for Q3 2025.