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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.

New
Increased
Maintained
Reduced
Closed

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: 5054 (+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

Holders
54
Holders Change
+4
Holders Change %
+8%
% of All Funds
1.57%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
15
Increased
11
Reduced
18
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$25.4M +$16.2M +1,294,846 +177%
PPA
2
Parametric Portfolio Associates
Washington
$8.28M -$874K -69,731 -10%
Wells Fargo
3
Wells Fargo
California
$7.76M +$2.53M +202,026 +48%
GC
4
Guggenheim Capital
Illinois
$3.38M -$959K -76,458 -22%
U
5
UBS
Switzerland
$3.04M -$381K -30,401 -11%
Morgan Stanley
6
Morgan Stanley
New York
$2.77M -$906K -72,263 -25%
NCM
7
Newgate Capital Management
Connecticut
$2.19M -$216K -17,205 -9%
PNC Financial Services Group
8
PNC Financial Services Group
Pennsylvania
$2.15M +$2.15M +171,649 New
HighTower Advisors
9
HighTower Advisors
Illinois
$1.97M +$87.2K +6,957 +5%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$1.76M -$174K -13,900 -9%
BTS
11
BB&T Securities
Virginia
$1.65M +$1.53K +122 +0.9%
AQR Capital Management
12
AQR Capital Management
Connecticut
$1.43M +$416K +33,199 +41%
CCM
13
Coe Capital Management
Illinois
$1.4M +$1.4M +111,800 New
GEM
14
Global Endowment Management
North Carolina
$1.37M +$1.38M +109,700 New
TC
15
TFS Capital
Pennsylvania
$1.33M +$249K +19,834 +23%
DA
16
Doliver Advisors
Texas
$1.09M +$575K +45,832 +110%
PRCM
17
Pine River Capital Management
Minnesota
$1.01M +$1.01M +80,600 New
TJHA
18
Thomas J. Herzfeld Advisors
Florida
$820K +$354K +28,241 +76%
CA
19
Cornerstone Advisors
North Carolina
$707K -$71.5K -5,700 -9%
CIA
20
Capital Investment Advisors
Georgia
$643K +$643K +51,322 New
YP
21
Yellowstone Partners
Idaho
$518K +$519K +41,376 New
Bank of America
22
Bank of America
North Carolina
$447K -$97.6K -7,786 -18%
LPL Financial
23
LPL Financial
California
$392K +$168K +13,368 +75%
LCM
24
Landscape Capital Management
New Jersey
$379K +$380K +30,285 New
SIM
25
Sadoff Investment Management
Wisconsin
$341K -$18.8K -1,500 -5%

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.