Nuveen AMT-Free Municipal Credit Income Fund
54 hedge funds and large institutions have $76.3M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 11 increasing their positions, 18 reducing their positions, and 11 closing their positions.
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
28% more capital invested
Capital invested by funds: $59.5M → $76.3M (+$16.8M)
8% more funds holding
Funds holding: 50 → 54 (+4)
4.69% more ownership
Funds ownership: 15.3% → 19.99% (+4.7%)
39% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$16.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.53M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$2.15M |
| 4 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
+$1.4M |
| 5 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$1.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRAM
Claren Road Asset Management
New York
|
-$2.71M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.42M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$959K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$942K |
| 5 |
TCM
Texan Capital Management
Houston,
Texas
|
-$932K |
NVG Hedge Fund Activity: Q4 2013 in Review
54 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2013, worth a combined $76.3M — up 28% from $59.5M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NVG positions and 11 closed out — a net gain of 4 holders — while 11 added to existing stakes and 18 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $16.2M. The largest seller was Claren Road Asset Management, exiting entirely with an estimated $2.71M sold.
- 54 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2013, up from 50 in Q3 2013.
- Funds reported $76.3M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2013, up 28% quarter-over-quarter.
- 15 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2013 and 11 closed out, a net change of +4 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2013 was Karpus Investment Management, an estimated $16.2M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2013 was Claren Road Asset Management, an estimated $2.71M sold.
Based on aggregated 13F filings for Q4 2013.