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Nuveen AMT-Free Municipal Credit Income Fund

180 hedge funds and large institutions have $309M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2017 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 43 increasing their positions, 39 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

45% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 20

10% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 39

5% more funds holding

Funds holding: 172180 (+8)

0.24% less ownership

Funds ownership: 10.08%9.84% (-0.24%)

2% less capital invested

Capital invested by funds: $316M → $309M (-$6.34M)

Holders
180
Holders Change
+8
Holders Change %
+4.65%
% of All Funds
4.08%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
29
Increased
43
Reduced
39
Closed
20
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$35M -$10.8M -703,307 -24%
UBS Group
2
UBS Group
Switzerland
$34.4M -$510K -33,095 -1%
Morgan Stanley
3
Morgan Stanley
New York
$25.4M -$580K -37,680 -2%
PPA
4
Parametric Portfolio Associates
Washington
$22.2M -$2.1M -136,534 -9%
MSL
5
Mackay Shields LLC
New York
$17.5M
VanEck Associates
6
VanEck Associates
New York
$8.14M +$356K +23,136 +5%
SIA
7
Sit Investment Associates
Minnesota
$7.71M +$1.33M +86,400 +21%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$7.48M +$598K +38,831 +9%
LPL Financial
9
LPL Financial
California
$6.73M +$423K +27,482 +7%
AAM
10
Advisors Asset Management
Colorado
$6.42M +$33.3K +2,163 +0.5%
CA
11
Cornerstone Advisory
Maryland
$6.33M -$578K -37,527 -8%
Ameriprise
12
Ameriprise
Minnesota
$5.04M +$1.44M +93,312 +40%
RCM
13
Robinson Capital Management
Michigan
$4.82M
RJFSA
14
Raymond James Financial Services Advisors
Florida
$4.61M +$74.4K +4,831 +2%
Stifel Financial
15
Stifel Financial
Missouri
$4.57M +$93.6K +6,076 +2%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$4.41M +$41.6K +2,701 +1%
DLG
17
Daniel L. Goodwin
$4.21M
RJA
18
Raymond James & Associates
Florida
$4.15M -$41.3K -2,684 -1%
Invesco
19
Invesco
Georgia
$3.71M +$285K +18,538 +8%
Cohen & Steers
20
Cohen & Steers
New York
$3.54M +$157K +10,171 +5%
CIA
21
Capital Investment Advisors
Georgia
$3.24M -$41.7K -2,709 -1%
6M
22
6 Meridian
Kansas
$3.18M +$3.17M +205,840 New
AG
23
Advisor Group
Arizona
$3.13M +$1.12M +72,916 +56%
GC
24
Guggenheim Capital
Illinois
$3.02M -$3.51M -228,110 -54%
Northwestern Mutual Wealth Management
25
Northwestern Mutual Wealth Management
Wisconsin
$3.01M -$30K -1,948 -1%

NVG Hedge Fund Activity: Q4 2017 in Review

180 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2017, worth a combined $309M — down 2% from $316M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new NVG positions and 20 closed out — a net gain of 9 holders — while 43 added to existing stakes and 39 trimmed.

The largest buyer was SEI Investments, adding an estimated $2.65M. The largest seller was Wells Fargo, cutting an estimated $10.8M.

  • 180 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2017, up from 172 in Q3 2017.
  • Funds reported $309M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2017, down 2% quarter-over-quarter.
  • 29 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2017 and 20 closed out, a net change of +9 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2017 was SEI Investments, an estimated $2.65M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2017 was Wells Fargo, an estimated $10.8M sold.

Based on aggregated 13F filings for Q4 2017.