Nuveen AMT-Free Municipal Credit Income Fund
170 hedge funds and large institutions have $330M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2016 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 52 reducing their positions, and 15 closing their positions.
7% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 15
1.42% less ownership
Funds ownership: 11.53% → 10.11% (-1.4%)
2% less funds holding
Funds holding: 174 → 170 (-4)
13% less capital invested
Capital invested by funds: $380M → $330M (-$49.5M)
15% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 52
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| 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
| 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 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$4.29M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$2.15M |
NVG Hedge Fund Activity: Q3 2016 in Review
170 of the 3,748 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 $330M — down 13% from $380M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new NVG positions and 15 closed out — a net gain of 1 holder — while 44 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.
- 170 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q3 2016, down from 174 in Q2 2016.
- Funds reported $330M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q3 2016, down 13% quarter-over-quarter.
- 16 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q3 2016 and 15 closed out, a net change of +1 holder.
- 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.