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Nuveen AMT-Free Municipal Credit Income Fund
NVG

169 hedge funds and large institutions have $301M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 39 increasing their positions, 42 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 23

1% more funds holding

Funds holding: 168 → 169 (+1)

0.93% less ownership

Funds ownership: 11.08% → 10.15% (-0.93%)

7% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 42

7% less capital invested

Capital invested by funds: $326M → $301M (-$24.1M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
169
Holders Change
+1
Holders Change %
+0.6%
% of All Funds
4.21%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
25
Increased
39
Reduced
42
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$2.6M
2
Morgan Stanley
Morgan Stanley
New York
+$1.34M
3
LPL Financial
LPL Financial
California
+$1.14M
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.1M
5
CB
Commerce Bank
Missouri
+$759K

Top Sellers

1
IP
Ironsides Partners
Massachusetts
-$7.66M
2
Wells Fargo
Wells Fargo
California
-$7.06M
3
RCM
Rivernorth Capital Management
Florida
-$5.74M
4
KIM
Karpus Investment Management
New York
-$4.13M
5
OA
Oxbow Advisors
Texas
-$3.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$52.2M -$7.06M -487,235 -12%
UBS Group
2
UBS Group
Switzerland
$32.1M -$2.33M -160,729 -7%
Morgan Stanley
3
Morgan Stanley
New York
$26.6M +$1.34M +92,159 +5%
MSL
4
Mackay Shields LLC
New York
$16.5M – – –
RCM
5
Rivernorth Capital Management
Florida
$10.7M -$5.74M -395,847 -35%
LPL Financial
6
LPL Financial
California
$10.3M +$1.14M +78,316 +13%
GC
7
Guggenheim Capital
Illinois
$9.39M -$793K -54,672 -8%
AAM
8
Advisors Asset Management
Colorado
$6.78M -$2.47M -170,098 -27%
RJA
9
Raymond James & Associates
Florida
$6.38M -$1.24M -85,193 -16%
VanEck Associates
10
VanEck Associates
New York
$6.3M +$223K +15,379 +4%
SIA
11
Sit Investment Associates
Minnesota
$5.97M +$431K +29,700 +8%
RCM
12
Robinson Capital Management
Michigan
$5.49M – – –
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$4.28M -$55.6K -3,834 -1%
Northwestern Mutual Wealth Management
14
Northwestern Mutual Wealth Management
Wisconsin
$4.24M +$8.42K +581 +0.2%
RJFSA
15
Raymond James Financial Services Advisors
Florida
$4.09M +$1.1M +75,586 +37%
DLG
16
Daniel L. Goodwin
$3.98M – – –
FFA
17
First Foundation Advisors
California
$3.96M -$78.5K -5,416 -2%
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$3.8M +$272K +18,757 +8%
Stifel Financial
19
Stifel Financial
Missouri
$3.69M +$373K +25,701 +11%
CIA
20
Capital Investment Advisors
Georgia
$3.2M -$70.7K -4,877 -2%
Creative Planning
21
Creative Planning
Kansas
$2.73M -$116K -7,973 -4%
Bessemer Group
22
Bessemer Group
New Jersey
$2.71M -$217K -15,000 -8%
ABC
23
Associated Banc-Corp
Wisconsin
$2.64M – – –
SLA
24
Silver Lake Advisory
Utah
$2.6M +$33.4K +2,303 +1%
HighTower Advisors
25
HighTower Advisors
Illinois
$2.56M -$244K -16,800 -9%
1
2 3 4 5

NVG Hedge Fund Activity: Q1 2017 in Review

169 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2017, worth a combined $301M — down 7.4% from $326M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new NVG positions and 23 closed out — a net gain of 2 holders — while 39 added to existing stakes and 42 trimmed.

The largest buyer was Ameriprise, opening a new position worth an estimated $2.6M. The largest seller was Ironsides Partners, exiting entirely with an estimated $7.66M sold.

  • 169 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2017, up from 168 in Q4 2016.
  • Funds reported $301M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2017, down 7.4% quarter-over-quarter.
  • 25 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2017 and 23 closed out, a net change of +2 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2017 was Ameriprise, an estimated $2.6M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2017 was Ironsides Partners, an estimated $7.66M sold.

Based on aggregated 13F filings for Q1 2017.