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Nuveen AMT-Free Municipal Credit Income Fund

256 hedge funds and large institutions have $459M invested in Nuveen AMT-Free Municipal Credit Income Fund in 2025 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 82 increasing their positions, 60 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 60

0.86% less ownership

Funds ownership: 18.18%17.32% (-0.86%)

7% less funds holding

Funds holding: 275256 (-19)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

44% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 41

49% less capital invested

Capital invested by funds: $892M → $459M (-$434M)

Holders
256
Holders Change
-19
Holders Change %
-6.91%
% of All Funds
3.43%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
23
Increased
82
Reduced
60
Closed
41
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$53.8M -$15M -1,193,952 -22%
Morgan Stanley
2
Morgan Stanley
New York
$31.4M -$1.52M -121,138 -5%
MSL
3
Mackay Shields LLC
New York
$30M -$491K -39,169 -2%
Wells Fargo
4
Wells Fargo
California
$25.9M +$7.08M +564,840 +37%
UBS Group
5
UBS Group
Switzerland
$22.8M +$107K +8,550 +0.5%
HWAM
6
Hennion & Walsh Asset Management
New Jersey
$18.5M +$1.6M +127,952 +9%
GC
7
Guggenheim Capital
Illinois
$17M +$1.1M +87,656 +7%
Bank of America
8
Bank of America
North Carolina
$16.5M +$257K +20,476 +2%
Raymond James Financial
9
Raymond James Financial
Florida
$13.5M +$1.64M +131,060 +14%
VanEck Associates
10
VanEck Associates
New York
$12.9M -$3.15M -251,263 -19%
LPL Financial
11
LPL Financial
California
$10.6M +$2.09M +166,505 +24%
RCM
12
Robinson Capital Management
Michigan
$9.28M -$383K -30,521 -4%
Osaic Holdings
13
Osaic Holdings
Arizona
$8.18M +$2.61M +208,478 +46%
AAM
14
Advisors Asset Management
Colorado
$6.48M -$19.7K -1,569 -0.3%
Allianz Asset Management
15
Allianz Asset Management
Germany
$5.83M
CA
16
Cornerstone Advisory
Maryland
$5.79M +$702K +55,975 +13%
SIA
17
Sit Investment Associates
Minnesota
$5.71M -$5.17M -412,397 -47%
CPC
18
Congress Park Capital
New York
$5.57M +$188K +15,000 +3%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$5.34M -$2.39M -190,691 -31%
Stifel Financial
20
Stifel Financial
Missouri
$5.32M +$359K +28,648 +7%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$5.23M +$110K +8,780 +2%
MGAM
22
McGowan Group Asset Management
Texas
$4.84M +$522K +41,673 +12%
Ameriprise
23
Ameriprise
Minnesota
$4.61M +$217K +17,299 +5%
Cohen & Steers
24
Cohen & Steers
New York
$4.59M
HighTower Advisors
25
HighTower Advisors
Illinois
$4.39M -$1.98M -158,156 -31%

NVG Hedge Fund Activity: Q1 2025 in Review

256 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Nuveen AMT-Free Municipal Credit Income Fund (NVG) for Q1 2025, worth a combined $459M — down 49% from $892M a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of NVG and 23 opened new positions — a net loss of 18 holders — while 60 trimmed existing stakes and 82 added.

The largest buyer was Wells Fargo, adding an estimated $7.08M. The largest seller was Rivernorth Capital Management, cutting an estimated $15M.

  • 256 institutional investors held Nuveen AMT-Free Municipal Credit Income Fund (NVG) as of Q1 2025, down from 275 in Q4 2024.
  • Funds reported $459M of Nuveen AMT-Free Municipal Credit Income Fund stock for Q1 2025, down 49% quarter-over-quarter.
  • 23 funds opened new Nuveen AMT-Free Municipal Credit Income Fund positions in Q1 2025 and 41 closed out, a net change of -18 holders.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund buyer in Q1 2025 was Wells Fargo, an estimated $7.08M added.
  • The largest Nuveen AMT-Free Municipal Credit Income Fund seller in Q1 2025 was Rivernorth Capital Management, an estimated $15M sold.

Based on aggregated 13F filings for Q1 2025.