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Nuveen AMT-Free Municipal Credit Income Fund
NVG

163 hedge funds and large institutions have $320M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 47 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

6% more capital invested

Capital invested by funds: $301M → $320M (+$18.8M)

0.25% more ownership

Funds ownership: 10.15% → 10.4% (+0.25%)

4% less funds holding

Funds holding: 169 → 163 (-6)

19% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 47

24% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 21

Holders
163
Holders Change
-6
Holders Change %
-3.55%
% of All Funds
4.06%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
16
Increased
38
Reduced
47
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PPA
Parametric Portfolio Associates
Washington
+$15.1M
2
CA
Cornerstone Advisory
Maryland
+$6.91M
3
IWA
IBEX Wealth Advisors
New Jersey
+$1.33M
4
COLIM
City of London Investment Management
United Kingdom
+$1.08M
5
Wells Fargo
Wells Fargo
California
+$1.01M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$6.31M
2
LPL Financial
LPL Financial
California
-$4.39M
3
GC
Guggenheim Capital
Illinois
-$3.33M
4
SJIC
St. James Investment Company
Texas
-$1.08M
5
KIM
Karpus Investment Management
New York
-$999K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
1
Wells Fargo
California
$55.1M +$1.01M +67,276 +2%
UBS Group
2
UBS Group
Switzerland
$33.9M +$574K +38,370 +2%
Morgan Stanley
3
Morgan Stanley
New York
$26.8M -$741K -49,558 -3%
MSL
4
Mackay Shields LLC
New York
$17.1M – – –
PPA
5
Parametric Portfolio Associates
Washington
$15.3M +$15.1M +1,006,911 New
VanEck Associates
6
VanEck Associates
New York
$7.33M +$793K +53,018 +12%
CA
7
Cornerstone Advisory
Maryland
$7M +$6.91M +461,830 New
AAM
8
Advisors Asset Management
Colorado
$6.99M -$35.8K -2,393 -0.5%
GC
9
Guggenheim Capital
Illinois
$6.36M -$3.33M -222,391 -35%
LPL Financial
10
LPL Financial
California
$6.16M -$4.39M -293,765 -42%
RJA
11
Raymond James & Associates
Florida
$5.95M -$656K -43,863 -10%
SIA
12
Sit Investment Associates
Minnesota
$5.89M -$290K -19,400 -5%
RCM
13
Robinson Capital Management
Michigan
$5.54M -$148K -9,922 -3%
RCM
14
Rivernorth Capital Management
Florida
$4.65M -$6.31M -421,881 -58%
Northwestern Mutual Wealth Management
15
Northwestern Mutual Wealth Management
Wisconsin
$4.42M +$19.9K +1,332 +0.5%
RJFSA
16
Raymond James Financial Services Advisors
Florida
$4.24M -$434 -29 -0%
FFA
17
First Foundation Advisors
California
$4.22M +$110K +7,374 +3%
Stifel Financial
18
Stifel Financial
Missouri
$4.13M +$319K +21,318 +8%
DLG
19
Daniel L. Goodwin
$4.13M – – –
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$4.04M +$106K +7,065 +3%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$4.03M -$404K -27,020 -9%
Ameriprise
22
Ameriprise
Minnesota
$3.33M +$666K +44,536 +25%
CIA
23
Capital Investment Advisors
Georgia
$3.3M -$9.72K -650 -0.3%
HighTower Advisors
24
HighTower Advisors
Illinois
$2.97M +$319K +21,361 +12%
Cohen & Steers
25
Cohen & Steers
New York
$2.89M +$424K +28,373 +18%
1
2 3 4 5

NVG Hedge Fund Activity: Q2 2017 in Review

163 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2017, worth a combined $320M — up 6.2% from $301M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of NVG and 16 opened new positions — a net loss of 5 holders — while 47 trimmed existing stakes and 38 added.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $15.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.31M.

  • 163 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2017, down from 169 in Q1 2017.
  • Funds reported $320M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2017, up 6.2% quarter-over-quarter.
  • 16 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2017 and 21 closed out, a net change of -5 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $15.1M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2017 was Rivernorth Capital Management, an estimated $6.31M sold.

Based on aggregated 13F filings for Q2 2017.