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Nuveen AMT-Free Municipal Credit Income Fund
NVG

56 hedge funds and large institutions have $84.1M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2015 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 18 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

2.41% less ownership

Funds ownership: 21.96% → 19.55% (-2.4%)

3% less funds holding

Funds holding: 58 → 56 (-2)

10% less capital invested

Capital invested by funds: $93.6M → $84.1M (-$9.45M)

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

33% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 18

Holders
56
Holders Change
-2
Holders Change %
-3.45%
% of All Funds
1.49%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
8
Increased
12
Reduced
18
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PAM
PT Asset Management
Illinois
+$4.43M
2
Wells Fargo
Wells Fargo
California
+$3.71M
3
FIMG
Financial & Investment Management Group
Michigan
+$579K
4
AAM
Advisors Asset Management
Colorado
+$482K
5
WAM
Wolverine Asset Management
Illinois
+$352K

Top Sellers

1
KIM
Karpus Investment Management
New York
-$14.3M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$1.59M
3
BTS
BB&T Securities
Virginia
-$1.57M
4
IA
Icon Advisers
Colorado
-$1.04M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$787K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$20.2M +$3.71M +257,226 +23%
KIM
2
Karpus Investment Management
New York
$15.4M -$14.3M -989,340 -48%
PPA
3
Parametric Portfolio Associates
Washington
$9.76M -$547K -37,956 -5%
RCM
4
Rivernorth Capital Management
Florida
$5.78M – – –
PAM
5
PT Asset Management
Illinois
$4.46M +$4.43M +307,336 New
RJA
6
Raymond James & Associates
Florida
$3.76M +$50K +3,464 +1%
AAM
7
Advisors Asset Management
Colorado
$2.61M +$482K +33,422 +23%
UBS Group
8
UBS Group
Switzerland
$2.18M +$195K +13,489 +10%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$2.04M -$172K -11,923 -8%
GC
10
Guggenheim Capital
Illinois
$1.92M -$196K -13,574 -9%
HighTower Advisors
11
HighTower Advisors
Illinois
$1.81M -$44.4K -3,076 -2%
MCTP
12
MPAM Credit Trading Partners
Ohio
$1.77M -$205K -14,243 -10%
Morgan Stanley
13
Morgan Stanley
New York
$1.41M -$125K -8,632 -8%
GEM
14
Global Endowment Management
North Carolina
$925K – – –
CIA
15
Capital Investment Advisors
Georgia
$879K -$8.6K -596 -1%
COLIM
16
City of London Investment Management
United Kingdom
$810K – – –
WAM
17
Wolverine Asset Management
Illinois
$785K +$352K +24,377 +82%
YP
18
Yellowstone Partners
Idaho
$686K -$2.88K -200 -0.4%
WP
19
WealthPLAN Partners
Nebraska
$680K +$671K +46,535 New
FIMG
20
Financial & Investment Management Group
Michigan
$582K +$579K +40,125 New
VanEck Associates
21
VanEck Associates
New York
$558K +$100K +6,953 +22%
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$441K – – –
AA
23
AQR Arbitrage
Connecticut
$432K +$429K +29,757 New
SIM
24
Sadoff Investment Management
Wisconsin
$389K – – –
LPL Financial
25
LPL Financial
California
$372K -$81.2K -5,626 -18%
1
2 3

NVG Hedge Fund Activity: Q1 2015 in Review

56 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2015, worth a combined $84.1M — down 10% from $93.6M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NVG and 8 opened new positions — a net loss of 2 holders — while 18 trimmed existing stakes and 12 added.

The largest buyer was PT Asset Management, opening a new position worth an estimated $4.43M. The largest seller was Karpus Investment Management, cutting an estimated $14.3M.

  • 56 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2015, down from 58 in Q4 2014.
  • Funds reported $84.1M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2015, down 10% quarter-over-quarter.
  • 8 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2015 and 10 closed out, a net change of -2 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2015 was PT Asset Management, an estimated $4.43M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2015 was Karpus Investment Management, an estimated $14.3M sold.

Based on aggregated 13F filings for Q1 2015.