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Nuveen AMT-Free Municipal Credit Income Fund
NVG

51 hedge funds and large institutions have $79.6M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2015 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.18% more ownership

Funds ownership: 19.55% → 19.73% (+0.18%)

0% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 16

5% less capital invested

Capital invested by funds: $84.1M → $79.6M (-$4.54M)

9% less funds holding

Funds holding: 56 → 51 (-5)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
51
Holders Change
-5
Holders Change %
-8.93%
% of All Funds
1.37%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
4
Increased
16
Reduced
16
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wells Fargo
Wells Fargo
California
+$5.46M
2
COLIM
City of London Investment Management
United Kingdom
+$1.18M
3
First Trust Advisors
First Trust Advisors
Illinois
+$681K
4
AAM
Advisors Asset Management
Colorado
+$573K
5
Morgan Stanley
Morgan Stanley
New York
+$517K

Top Sellers

1
KIM
Karpus Investment Management
New York
-$4.65M
2
GC
Guggenheim Capital
Illinois
-$1.33M
3
PAM
PT Asset Management
Illinois
-$497K
4
PPA
Parametric Portfolio Associates
Washington
-$492K
5
WAM
Wolverine Asset Management
Illinois
-$308K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$24.2M +$5.46M +388,276 +28%
KIM
2
Karpus Investment Management
New York
$9.94M -$4.65M -330,753 -31%
PPA
3
Parametric Portfolio Associates
Washington
$8.64M -$492K -34,940 -5%
RCM
4
Rivernorth Capital Management
Florida
$5.4M – – –
PAM
5
PT Asset Management
Illinois
$3.69M -$497K -35,290 -11%
RJA
6
Raymond James & Associates
Florida
$3.46M -$48.1K -3,420 -1%
AAM
7
Advisors Asset Management
Colorado
$2.99M +$573K +40,724 +23%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$2.04M +$135K +9,600 +7%
UBS Group
9
UBS Group
Switzerland
$1.91M -$130K -9,237 -6%
COLIM
10
City of London Investment Management
United Kingdom
$1.9M +$1.18M +83,627 +149%
Morgan Stanley
11
Morgan Stanley
New York
$1.82M +$517K +36,769 +38%
HighTower Advisors
12
HighTower Advisors
Illinois
$1.8M +$109K +7,774 +6%
MCTP
13
MPAM Credit Trading Partners
Ohio
$1.64M -$19.1K -1,358 -1%
GEM
14
Global Endowment Management
North Carolina
$864K – – –
CIA
15
Capital Investment Advisors
Georgia
$826K +$4.36K +310 +0.5%
LCM
16
Landscape Capital Management
New Jersey
$694K +$429K +30,461 +147%
First Trust Advisors
17
First Trust Advisors
Illinois
$656K +$681K +48,367 New
FIMG
18
Financial & Investment Management Group
Michigan
$630K +$88.6K +6,300 +16%
YP
19
Yellowstone Partners
Idaho
$609K -$33.7K -2,398 -5%
VanEck Associates
20
VanEck Associates
New York
$539K +$18.1K +1,283 +3%
GC
21
Guggenheim Capital
Illinois
$516K -$1.33M -94,295 -71%
WAM
22
Wolverine Asset Management
Illinois
$437K -$308K -21,898 -40%
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$412K – – –
LPL Financial
24
LPL Financial
California
$390K +$40K +2,841 +11%
SIM
25
Sadoff Investment Management
Wisconsin
$363K – – –
1
2 3

NVG Hedge Fund Activity: Q2 2015 in Review

51 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2015, worth a combined $79.6M — down 5.4% from $84.1M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of NVG and 4 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 16 added.

The largest buyer was Wells Fargo, adding an estimated $5.46M. The largest seller was Karpus Investment Management, cutting an estimated $4.65M.

  • 51 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2015, down from 56 in Q1 2015.
  • Funds reported $79.6M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2015, down 5.4% quarter-over-quarter.
  • 4 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2015 and 9 closed out, a net change of -5 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2015 was Wells Fargo, an estimated $5.46M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2015 was Karpus Investment Management, an estimated $4.65M sold.

Based on aggregated 13F filings for Q2 2015.