Nuveen AMT-Free Municipal Credit Income Fund
187 hedge funds and large institutions have $317M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2018 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 46 increasing their positions, 53 reducing their positions, and 35 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
20% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 35
2.08% more ownership
Funds ownership: 9.26% → 11.33% (+2.1%)
2% more funds holding
Funds holding: 184 → 187 (+3)
3% more capital invested
Capital invested by funds: $307M → $317M (+$9.93M)
13% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$15.4M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$13.6M |
| 3 |
JFGIW
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
+$7.55M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$7.3M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$5.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$5.33M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.88M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$3.5M |
| 4 |
SLA
Silver Lake Advisory
Cottonwood Heights,
Utah
|
-$2.75M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
-$2.23M |
NVG Hedge Fund Activity: Q4 2018 in Review
187 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2018, worth a combined $317M — up 3.2% from $307M a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new NVG positions and 35 closed out — a net gain of 7 holders — while 46 added to existing stakes and 53 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $15.4M. The largest seller was Wells Fargo, cutting an estimated $5.33M.
- 187 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2018, up from 184 in Q3 2018.
- Funds reported $317M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2018, up 3.2% quarter-over-quarter.
- 42 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2018 and 35 closed out, a net change of +7 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $15.4M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2018 was Wells Fargo, an estimated $5.33M sold.
Based on aggregated 13F filings for Q4 2018.