Nuveen AMT-Free Municipal Credit Income Fund
57 hedge funds and large institutions have $93.3M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 29 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2% more funds holding
Funds holding: 56 → 57 (+1)
2.08% less ownership
Funds ownership: 24.32% → 22.24% (-2.1%)
9% less capital invested
Capital invested by funds: $102M → $93.3M (-$9.07M)
62% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 29
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.83M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.35M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.16M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$924K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$675K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$6.03M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.49M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.45M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.43M |
| 5 |
Morgan Stanley
New York
|
-$1.01M |
NVG Hedge Fund Activity: Q3 2014 in Review
57 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2014, worth a combined $93.3M — down 8.9% from $102M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NVG positions and 6 closed out — a net gain of 1 holder — while 11 added to existing stakes and 29 trimmed.
The largest buyer was Bulldog Investors, adding an estimated $1.83M. The largest seller was Karpus Investment Management, cutting an estimated $6.03M.
- 57 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2014, up from 56 in Q2 2014.
- Funds reported $93.3M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2014, down 8.9% quarter-over-quarter.
- 7 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2014 and 6 closed out, a net change of +1 holder.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2014 was Bulldog Investors, an estimated $1.83M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2014 was Karpus Investment Management, an estimated $6.03M sold.
Based on aggregated 13F filings for Q3 2014.