We are live on ! Find out more
NVG icon

Nuveen AMT-Free Municipal Credit Income Fund
NVG

168 hedge funds and large institutions have $326M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2016 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 46 increasing their positions, 42 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

10% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 42

9% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 23

0.98% more ownership

Funds ownership: 10.11% → 11.08% (+0.98%)

1% less capital invested

Capital invested by funds: $330M → $326M (-$4.69M)

1% less funds holding

Funds holding: 170 → 168 (-2)

Holders
168
Holders Change
-2
Holders Change %
-1.18%
% of All Funds
4.2%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
25
Increased
46
Reduced
42
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$16.5M
2
Wells Fargo
Wells Fargo
California
+$15M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$4.24M
4
SIA
Sit Investment Associates
Minnesota
+$3.75M
5
Bessemer Group
Bessemer Group
New Jersey
+$2.93M

Top Sellers

1
KIM
Karpus Investment Management
New York
-$13.3M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$3.1M
3
GC
Guggenheim Capital
Illinois
-$2.6M
4
VanEck Associates
VanEck Associates
New York
-$2.44M
5
TC
Telemus Capital
Michigan
-$1.61M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$58.6M +$15M +1,022,508 +34%
UBS Group
2
UBS Group
Switzerland
$34.1M +$1.11M +75,871 +3%
Morgan Stanley
3
Morgan Stanley
New York
$25M -$351K -24,003 -1%
MSL
4
Mackay Shields LLC
New York
$16.3M – – –
RCM
5
Rivernorth Capital Management
Florida
$16.3M +$16.5M +1,124,670 New
GC
6
Guggenheim Capital
Illinois
$10.1M -$2.6M -177,751 -20%
AAM
7
Advisors Asset Management
Colorado
$9.16M -$357K -24,377 -4%
LPL Financial
8
LPL Financial
California
$9.02M +$342K +23,381 +4%
IP
9
Ironsides Partners
Massachusetts
$7.66M +$7.75M +529,887 New
RJA
10
Raymond James & Associates
Florida
$7.54M +$1.02M +69,662 +15%
VanEck Associates
11
VanEck Associates
New York
$6.01M -$2.44M -166,898 -29%
SIA
12
Sit Investment Associates
Minnesota
$5.47M +$3.75M +256,303 +210%
RCM
13
Robinson Capital Management
Michigan
$5.43M – – –
KIM
14
Karpus Investment Management
New York
$5.11M -$13.3M -905,707 -72%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$4.29M +$978K +66,842 +29%
Northwestern Mutual Wealth Management
16
Northwestern Mutual Wealth Management
Wisconsin
$4.19M +$4.24M +289,679 New
FFA
17
First Foundation Advisors
California
$4M -$388K -26,533 -9%
DLG
18
Daniel L. Goodwin
$3.94M -$29.3K -2,000 -0.7%
OA
19
Oxbow Advisors
Texas
$3.89M -$434K -29,672 -10%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$3.49M +$183K +12,527 +5%
Stifel Financial
21
Stifel Financial
Missouri
$3.27M +$298K +20,362 +10%
CIA
22
Capital Investment Advisors
Georgia
$3.23M -$174K -11,920 -5%
RJFSA
23
Raymond James Financial Services Advisors
Florida
$2.95M +$233K +15,892 +8%
Bessemer Group
24
Bessemer Group
New Jersey
$2.89M +$2.93M +200,000 New
Creative Planning
25
Creative Planning
Kansas
$2.82M -$247K -16,876 -8%
1
2 3 4 5

NVG Hedge Fund Activity: Q4 2016 in Review

168 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2016, worth a combined $326M — down 1.4% from $330M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new NVG positions and 23 closed out — a net gain of 2 holders — while 46 added to existing stakes and 42 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $16.5M. The largest seller was Karpus Investment Management, cutting an estimated $13.3M.

  • 168 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2016, down from 170 in Q3 2016.
  • Funds reported $326M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2016, down 1.4% quarter-over-quarter.
  • 25 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2016 and 23 closed out, a net change of +2 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2016 was Rivernorth Capital Management, an estimated $16.5M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2016 was Karpus Investment Management, an estimated $13.3M sold.

Based on aggregated 13F filings for Q4 2016.