We are live on ! Find out more
NVG icon

Nuveen AMT-Free Municipal Credit Income Fund

250 hedge funds and large institutions have $384M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 78 increasing their positions, 63 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more funds holding in top 10

Funds holding in top 10: 57 (+2)

24% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 63

6% more capital invested

Capital invested by funds: $364M → $384M (+$20.9M)

1.45% more ownership

Funds ownership: 14.08%15.53% (+1.4%)

10% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 31

0% more funds holding

Funds holding: 250250 (0)

Holders
250
Holders Change
Holders Change %
0%
% of All Funds
3.98%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.11%
New
34
Increased
78
Reduced
63
Closed
31
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$37.4M +$25.5M +2,126,640 +203%
Morgan Stanley
2
Morgan Stanley
New York
$28.2M +$3.37M +280,294 +13%
SIA
3
Sit Investment Associates
Minnesota
$27.8M +$14.4M +1,202,610 +104%
GC
4
Guggenheim Capital
Illinois
$21.7M -$19.4M -1,615,049 -47%
VanEck Associates
5
VanEck Associates
New York
$15.9M +$2.94M +244,442 +22%
UBS Group
6
UBS Group
Switzerland
$15.3M -$2.29M -191,009 -13%
Wells Fargo
7
Wells Fargo
California
$13.2M +$84.1K +6,999 +0.6%
Bank of America
8
Bank of America
North Carolina
$12M +$1.07M +89,346 +10%
Osaic Holdings
9
Osaic Holdings
Arizona
$11.6M +$1.68M +139,673 +16%
RCM
10
Robinson Capital Management
Michigan
$9.25M +$2.54M +211,526 +36%
LSC
11
Logan Stone Capital
Illinois
$8.02M +$3.94M +327,912 +93%
KIM
12
Karpus Investment Management
New York
$7.57M +$7.42M +617,456 +2,463%
Fiera Capital (Canada)
13
Fiera Capital (Canada)
Quebec, Canada
$7.53M -$286K -23,777 -4%
HWAM
14
Hennion & Walsh Asset Management
New Jersey
$6.89M -$4.63M -385,120 -40%
JFGIW
15
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$6.25M +$682K +56,750 +12%
LPL Financial
16
LPL Financial
California
$6.2M -$72.9K -6,070 -1%
CA
17
Cornerstone Advisory
Maryland
$5.69M +$114K +9,493 +2%
RJFSA
18
Raymond James Financial Services Advisors
Florida
$5.62M -$774K -64,421 -12%
PCM
19
Penserra Capital Management
California
$5.25M +$2.61M +217,623 +95%
HighTower Advisors
20
HighTower Advisors
Illinois
$4.68M +$1.29M +107,304 +37%
Stifel Financial
21
Stifel Financial
Missouri
$4.36M -$148K -12,316 -3%
AAM
22
Advisors Asset Management
Colorado
$4.19M +$589K +49,000 +16%
KIG
23
Kennedy Investment Group
New Jersey
$4.12M -$189K -15,772 -4%
RJA
24
Raymond James & Associates
Florida
$4.05M -$497K -41,407 -11%
Ameriprise
25
Ameriprise
Minnesota
$3.89M -$1.12M -92,930 -22%

NVG Hedge Fund Activity: Q1 2023 in Review

250 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2023, worth a combined $384M — up 5.7% from $364M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new NVG positions and 31 closed out — a net gain of 3 holders — while 78 added to existing stakes and 63 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $25.5M. The largest seller was Guggenheim Capital, cutting an estimated $19.4M.

  • 250 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $384M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2023, up 5.7% quarter-over-quarter.
  • 34 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2023 and 31 closed out, a net change of +3 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2023 was Rivernorth Capital Management, an estimated $25.5M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2023 was Guggenheim Capital, an estimated $19.4M sold.

Based on aggregated 13F filings for Q1 2023.