Nuveen AMT-Free Municipal Credit Income Fund
253 hedge funds and large institutions have $535M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2024 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 73 increasing their positions, 77 reducing their positions, and 31 closing their positions.
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
4% less capital invested
Capital invested by funds: $558M → $535M (-$22.7M)
5% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 77
6% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 31
1% less funds holding
Funds holding: 256 → 253 (-3)
1.51% less ownership
Funds ownership: 22.03% → 20.53% (-1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$7.78M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$5.59M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$4.87M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.5M |
| 5 |
SCM
Saba Capital Management
New York
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$43.8M |
| 2 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
-$7.97M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
-$4.25M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.75M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.68M |
NVG Hedge Fund Activity: Q1 2024 in Review
253 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2024, worth a combined $535M — down 4.1% from $558M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of NVG and 29 opened new positions — a net loss of 2 holders — while 77 trimmed existing stakes and 73 added.
The largest buyer was Mackay Shields LLC, adding an estimated $7.78M. The largest seller was Morgan Stanley, cutting an estimated $43.8M.
- 253 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2024, down from 256 in Q4 2023.
- Funds reported $535M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2024, down 4.1% quarter-over-quarter.
- 29 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2024 and 31 closed out, a net change of -2 holders.
- The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2024 was Mackay Shields LLC, an estimated $7.78M added.
- The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $43.8M sold.
Based on aggregated 13F filings for Q1 2024.