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Nuveen AMT-Free Municipal Credit Income Fund
NVG

56 hedge funds and large institutions have $104M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 13

18% more capital invested

Capital invested by funds: $87.9M → $104M (+$16.1M)

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

2.66% more ownership

Funds ownership: 21.67% → 24.32% (+2.7%)

2% more funds holding

Funds holding: 55 → 56 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
56
Holders Change
+1
Holders Change %
+1.82%
% of All Funds
1.61%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
17
Reduced
13
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BI
Bulldog Investors
New Jersey
+$3.57M
2
KIM
Karpus Investment Management
New York
+$3.26M
3
RCM
Rivernorth Capital Management
Florida
+$2.85M
4
RJA
Raymond James & Associates
Florida
+$1.27M
5
AAM
Advisors Asset Management
Colorado
+$946K

Top Sellers

1
NCM
Newgate Capital Management
Connecticut
-$923K
2
TC
TFS Capital
Pennsylvania
-$882K
3
GC
Guggenheim Capital
Illinois
-$660K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$381K
5
U
UBS
Switzerland
-$205K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$39.1M +$3.26M +236,664 +9%
PPA
2
Parametric Portfolio Associates
Washington
$10.5M +$123K +8,904 +1%
Wells Fargo
3
Wells Fargo
California
$9.79M +$480K +34,840 +5%
RCM
4
Rivernorth Capital Management
Florida
$5.42M +$2.85M +206,882 +118%
BI
5
Bulldog Investors
New Jersey
$3.67M +$3.57M +258,864 New
RJA
6
Raymond James & Associates
Florida
$3.47M +$1.27M +92,241 +60%
GC
7
Guggenheim Capital
Illinois
$2.84M -$660K -47,945 -19%
U
8
UBS
Switzerland
$2.73M -$205K -14,898 -7%
PNC Financial Services Group
9
PNC Financial Services Group
Pennsylvania
$2.48M -$113K -8,222 -4%
Morgan Stanley
10
Morgan Stanley
New York
$2.39M +$40.7K +2,952 +2%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$2.33M +$135K +9,800 +6%
HighTower Advisors
12
HighTower Advisors
Illinois
$2.22M -$2.44K -177 -0.1%
BTS
13
BB&T Securities
Virginia
$1.84M -$2.23K -162 -1%
GEM
14
Global Endowment Management
North Carolina
$1.55M – – –
AAM
15
Advisors Asset Management
Colorado
$1.51M +$946K +68,670 +180%
AQR Capital Management
16
AQR Capital Management
Connecticut
$1.49M -$120K -8,714 -8%
TJHA
17
Thomas J. Herzfeld Advisors
Florida
$981K +$63.2K +4,590 +7%
DA
18
Doliver Advisors
Texas
$957K +$95.8K +6,954 +11%
WAM
19
Weiss Asset Management
Massachusetts
$874K +$851K +61,747 New
CA
20
Cornerstone Advisors
North Carolina
$800K – – –
CIA
21
Capital Investment Advisors
Georgia
$704K -$6.49K -471 -0.9%
YP
22
Yellowstone Partners
Idaho
$604K +$17.9K +1,300 +3%
MIG
23
Mariner Investment Group
New York
$504K +$490K +35,588 New
VanEck Associates
24
VanEck Associates
New York
$474K +$78.4K +5,688 +20%
Bank of America
25
Bank of America
North Carolina
$464K -$28.3K -2,057 -6%
1
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NVG Hedge Fund Activity: Q2 2014 in Review

56 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2014, worth a combined $104M — up 18% from $87.9M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new NVG positions and 7 closed out — a net gain of 1 holder — while 17 added to existing stakes and 13 trimmed.

The largest buyer was Bulldog Investors, opening a new position worth an estimated $3.57M. The largest seller was Newgate Capital Management, exiting entirely with an estimated $923K sold.

  • 56 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2014, up from 55 in Q1 2014.
  • Funds reported $104M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2014, up 18% quarter-over-quarter.
  • 8 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2014 and 7 closed out, a net change of +1 holder.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2014 was Bulldog Investors, an estimated $3.57M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2014 was Newgate Capital Management, an estimated $923K sold.

Based on aggregated 13F filings for Q2 2014.