Nuveen AMT-Free Municipal Credit Income Fund
171 hedge funds and large institutions have $335M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2016 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 45 increasing their positions, 52 reducing their positions, and 14 closing their positions.
14% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 14
1.28% less ownership
Funds ownership: 11.53% → 10.25% (-1.3%)
2% less funds holding
Funds holding: 174 → 171 (-3)
12% less capital invested
Capital invested by funds: $380M → $335M (-$44.8M)
13% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 52
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$7.95M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.93M |
| 3 |
VanEck Associates
New York
|
+$890K |
| 4 |
Cohen & Steers
New York
|
+$758K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$736K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$19.5M |
| 2 |
OHA
Oak Hill Advisors
New York
|
-$13M |
| 3 |
Morgan Stanley
New York
|
-$6.53M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$2.15M |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$2.03M |
NVG Hedge Fund Activity: Q3 2016 in Review
171 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q3 2016, worth a combined $335M — down 12% from $380M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new NVG positions and 14 closed out — a net gain of 2 holders — while 45 added to existing stakes and 52 trimmed.
The largest buyer was Mackay Shields LLC, adding an estimated $7.95M. The largest seller was Karpus Investment Management, cutting an estimated $19.5M.
- 171 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2016, down from 174 in Q2 2016.
- Funds reported $335M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2016, down 12% quarter-over-quarter.
- 16 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2016 and 14 closed out, a net change of +2 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q3 2016 was Mackay Shields LLC, an estimated $7.95M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q3 2016 was Karpus Investment Management, an estimated $19.5M sold.
Based on aggregated 13F filings for Q3 2016.