Nuveen AMT-Free Municipal Credit Income Fund
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 24 funds opening new positions, 46 increasing their positions, 43 reducing their positions, and 23 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
7% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 43
4% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 23
0.83% more ownership
Funds ownership: 10.25% → 11.08% (+0.83%)
3% less capital invested
Capital invested by funds: $335M → $326M (-$9.38M)
2% less funds holding
Funds holding: 171 → 168 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$16.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$15M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.75M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
+$2.93M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$13.3M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.1M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.6M |
| 4 |
VanEck Associates
New York
|
-$2.44M |
| 5 |
TC
Telemus Capital
Southfield,
Michigan
|
-$1.61M |
NVG Hedge Fund Activity: Q4 2016 in Review
168 of the 4,008 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 2.8% from $335M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new NVG positions and 23 closed out — a net gain of 1 holder — while 46 added to existing stakes and 43 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 171 in Q3 2016.
- Funds reported $326M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2016, down 2.8% quarter-over-quarter.
- 24 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2016 and 23 closed out, a net change of +1 holder.
- 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.