Nuveen AMT-Free Municipal Credit Income Fund
243 hedge funds and large institutions have $436M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 88 increasing their positions, 56 reducing their positions, and 27 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 56
13% more capital invested
Capital invested by funds: $384M → $436M (+$51.8M)
1.92% more ownership
Funds ownership: 15.53% → 17.46% (+1.9%)
3% less funds holding
Funds holding: 250 → 243 (-7)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
15% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$17.9M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.39M |
| 3 |
Morgan Stanley
New York
|
+$6.16M |
| 4 |
SCM
Saba Capital Management
New York
|
+$6.15M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$7.97M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.37M |
| 3 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$1.29M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.21M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.08M |
NVG Hedge Fund Activity: Q2 2023 in Review
243 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q2 2023, worth a combined $436M — up 13% from $384M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of NVG and 23 opened new positions — a net loss of 4 holders — while 56 trimmed existing stakes and 88 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $17.9M. The largest seller was Guggenheim Capital, cutting an estimated $7.97M.
- 243 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q2 2023, down from 250 in Q1 2023.
- Funds reported $436M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q2 2023, up 13% quarter-over-quarter.
- 23 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q2 2023 and 27 closed out, a net change of -4 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q2 2023 was Rivernorth Capital Management, an estimated $17.9M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q2 2023 was Guggenheim Capital, an estimated $7.97M sold.
Based on aggregated 13F filings for Q2 2023.