Nuveen AMT-Free Municipal Credit Income Fund
56 hedge funds and large institutions have $102M 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.
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
19% more capital invested
Capital invested by funds: $86.3M → $102M (+$16M)
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$3.57M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.26M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.85M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.27M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$946K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$923K |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$882K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$660K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$381K |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$205K |
NVG Hedge Fund Activity: Q2 2014 in Review
56 of the 3,491 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 $102M — up 19% from $86.3M 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 $102M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2014, up 19% 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.