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Nuveen AMT-Free Municipal Credit Income Fund

250 hedge funds and large institutions have $364M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2022 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 57 increasing their positions, 82 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 36

26% more capital invested

Capital invested by funds: $289M → $364M (+$74.6M)

25% more funds holding in top 10

Funds holding in top 10: 45 (+1)

5% more funds holding

Funds holding: 239250 (+11)

2.51% more ownership

Funds ownership: 11.58%14.08% (+2.5%)

30% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 82

Holders
250
Holders Change
+11
Holders Change %
+4.6%
% of All Funds
4.02%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
52
Increased
57
Reduced
82
Closed
36
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GC
1
Guggenheim Capital
Illinois
$42M +$474K +40,409 +1%
Morgan Stanley
2
Morgan Stanley
New York
$25.7M +$6.46M +550,607 +35%
UBS Group
3
UBS Group
Switzerland
$18.1M +$4.47M +381,179 +34%
SIA
4
Sit Investment Associates
Minnesota
$14M +$10.9M +927,460 +405%
Wells Fargo
5
Wells Fargo
California
$13.5M -$979K -83,400 -7%
VanEck Associates
6
VanEck Associates
New York
$13.4M +$4.09M +348,261 +46%
RCM
7
Rivernorth Capital Management
Florida
$12.7M +$12.3M +1,047,955 New
HWAM
8
Hennion & Walsh Asset Management
New Jersey
$11.8M -$3.62M -308,348 -24%
Bank of America
9
Bank of America
North Carolina
$11.3M +$2.24M +190,776 +26%
Osaic Holdings
10
Osaic Holdings
Arizona
$10.3M -$1.53M -130,027 -13%
Fiera Capital (Canada)
11
Fiera Capital (Canada)
Quebec, Canada
$8.05M +$7.78M +662,701 New
RCM
12
Robinson Capital Management
Michigan
$7.12M +$6.81M +580,263 New
Commonwealth Equity Services
13
Commonwealth Equity Services
Massachusetts
$6.87M -$625K -53,223 -9%
RJFSA
14
Raymond James Financial Services Advisors
Florida
$6.58M -$4.42M -376,188 -41%
LPL Financial
15
LPL Financial
California
$6.46M -$1.59M -135,113 -20%
CA
16
Cornerstone Advisory
Maryland
$5.74M +$4.84M +412,543 +680%
JFGIW
17
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$5.73M +$1.29M +109,750 +30%
Ameriprise
18
Ameriprise
Minnesota
$5.13M +$258K +21,999 +5%
RJA
19
Raymond James & Associates
Florida
$4.68M -$250K -21,270 -5%
Stifel Financial
20
Stifel Financial
Missouri
$4.64M -$337K -28,671 -7%
KIG
21
Kennedy Investment Group
New Jersey
$4.44M +$4.3M +365,885 New
LSC
22
Logan Stone Capital
Illinois
$4.28M +$4.14M +352,810 New
AAM
23
Advisors Asset Management
Colorado
$3.73M -$58.7K -5,004 -2%
HighTower Advisors
24
HighTower Advisors
Illinois
$3.53M +$3.15M +268,331 +1,175%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$3.24M -$1.85M -157,662 -37%

NVG Hedge Fund Activity: Q4 2022 in Review

250 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q4 2022, worth a combined $364M — up 26% from $289M a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new NVG positions and 36 closed out — a net gain of 16 holders — while 57 added to existing stakes and 82 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $12.3M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $4.42M.

  • 250 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q4 2022, up from 239 in Q3 2022.
  • Funds reported $364M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q4 2022, up 26% quarter-over-quarter.
  • 52 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q4 2022 and 36 closed out, a net change of +16 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $12.3M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q4 2022 was Raymond James Financial Services Advisors, an estimated $4.42M sold.

Based on aggregated 13F filings for Q4 2022.