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Nuveen AMT-Free Municipal Credit Income Fund

173 hedge funds and large institutions have $285M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2018 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 45 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.18% less ownership

Funds ownership: 9.84%9.66% (-0.18%)

2% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 45

4% less funds holding

Funds holding: 180173 (-7)

8% less capital invested

Capital invested by funds: $309M → $285M (-$24.6M)

27% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 22

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
173
Holders Change
-7
Holders Change %
-3.89%
% of All Funds
3.96%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
16
Increased
44
Reduced
45
Closed
22
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
UBS Group
1
UBS Group
Switzerland
$28.5M -$3.84M -260,811 -12%
Morgan Stanley
2
Morgan Stanley
New York
$28.4M +$4.57M +310,342 +19%
Wells Fargo
3
Wells Fargo
California
$26.2M -$6.79M -461,421 -20%
PPA
4
Parametric Portfolio Associates
Washington
$18.5M -$2.32M -157,632 -11%
MSL
5
Mackay Shields LLC
New York
$16.4M
SIA
6
Sit Investment Associates
Minnesota
$7.65M +$414K +28,100 +6%
VanEck Associates
7
VanEck Associates
New York
$7.63M -$15.2K -1,035 -0.2%
RCM
8
Robinson Capital Management
Michigan
$6.55M +$2.08M +141,446 +45%
AAM
9
Advisors Asset Management
Colorado
$5.79M -$199K -13,524 -3%
LPL Financial
10
LPL Financial
California
$5.32M -$1.02M -69,457 -16%
Stifel Financial
11
Stifel Financial
Missouri
$5.19M +$883K +59,963 +20%
Ameriprise
12
Ameriprise
Minnesota
$5.14M +$420K +28,503 +9%
CA
13
Cornerstone Advisory
Maryland
$4.86M -$1.11M -75,494 -18%
LCM
14
Laurion Capital Management
New York
$4.7M +$4.54M +308,652 +1,989%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$4.38M -$2.69M -182,667 -38%
RJFSA
16
Raymond James Financial Services Advisors
Florida
$4.19M -$139K -9,444 -3%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$4.17M +$33.3K +2,262 +0.8%
DLG
18
Daniel L. Goodwin
$3.96M
Invesco
19
Invesco
Georgia
$3.88M +$398K +27,046 +11%
Bank of America
20
Bank of America
North Carolina
$3.72M +$1.28M +86,785 +51%
Cohen & Steers
21
Cohen & Steers
New York
$3.53M +$208K +14,141 +6%
RJA
22
Raymond James & Associates
Florida
$3.42M -$486K -32,981 -12%
GC
23
Guggenheim Capital
Illinois
$3.25M +$416K +28,266 +14%
CIA
24
Capital Investment Advisors
Georgia
$3.01M -$39.3K -2,671 -1%
AG
25
Advisor Group
Arizona
$2.9M -$45.8K -3,112 -2%

NVG Hedge Fund Activity: Q1 2018 in Review

173 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2018, worth a combined $285M — down 8% from $309M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of NVG and 16 opened new positions — a net loss of 6 holders — while 45 trimmed existing stakes and 44 added.

The largest buyer was Morgan Stanley, adding an estimated $4.57M. The largest seller was Wells Fargo, cutting an estimated $6.79M.

  • 173 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2018, down from 180 in Q4 2017.
  • Funds reported $285M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2018, down 8% quarter-over-quarter.
  • 16 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2018 and 22 closed out, a net change of -6 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2018 was Morgan Stanley, an estimated $4.57M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2018 was Wells Fargo, an estimated $6.79M sold.

Based on aggregated 13F filings for Q1 2018.