Nuveen AMT-Free Municipal Credit Income Fund

NVG • NYSE

Nuveen AMT-Free Municipal Credit Income Fund is a publicly traded company on NYSE. As of Q3 2025, 232 institutional investors hold shares in this company, with total holdings valued at $361.6M. MORGAN STANLEY is the largest holder with a position valued at $35.8M.

Websitenuveen.com

Overview

Overview of institutional ownership in NVG as of Q3 2025

All Institutions

Institutions: 232
Value Held: $361.6M
Shares Held: 33.8M
Avg Position: $1.6M
Median Position: $251.0K

Hedge Funds

Hedge Funds: 4
Value Held: $34.4M
Shares Held: 2.8M
Avg Position: $8.6M
Median Position: $2.4M

Biggest Investors

Institutions with the largest positions in NVG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$35.8M 0.00% of portfolio	0.00% 2.9M shares	Q4 2022 Held for 2y 11m	$1.65T
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	Patrick William Galley CEO	$28.4M 1.72% of portfolio	0.00% 2.3M shares	Q4 2022 Held for 2y 11m	$1.7B
UBS Group AG Institution	Sergio P. Ermotti CEO	$24.1M 0.00% of portfolio	0.00% 2.0M shares	Q4 2022 Held for 2y 11m	$511.54B
G GUGGENHEIM CAPITAL LLC Institution	-	$22.3M 0.17% of portfolio	0.00% 1.8M shares	Q4 2022 Held for 2y 11m	$13.4B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$20.1M 0.00% of portfolio	0.00% 1.6M shares	Q4 2022 Held for 2y 11m	$488.50B
Hennion & Walsh Asset Management, Inc. RIA/Wealth	Kevin Douglas Mahn President	$18.0M 0.66% of portfolio	0.00% 1.5M shares	Q3 2023 Held for 2y 2m	$2.8B
MACKAY SHIELDS LLC Long Only Manager	Alison Hiers Micucci CEO	$14.3M 3.29% of portfolio	0.00% 1.2M shares	Q4 2023 Held for 1y 11m	$435.7M
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$14.1M 0.00% of portfolio	0.00% 1.1M shares	Q4 2022 Held for 2y 11m	$1.33T
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$12.6M 0.00% of portfolio	0.00% 1.0M shares	Q4 2024 Held for 11 months	$310.43B
L LPL Financial LLC Institution	-	$11.7M 0.00% of portfolio	0.00% 948.3K shares	Q4 2022 Held for 2y 11m	$340.07B

Net Capital Flow

Institutional buying and selling activity for NVG in Q3 2025

Traded: −$30.8M
Buyers: 99
Sellers: 76
Total Bought: +$26.3M
Total Sold: −$57.0M
Avg Position: $1.4M

Biggest Buyers

Institution	Net Bought	Current Position
G GUGGENHEIM CAPITAL LLC Institution	+$4.2M +345.4K shares	$22.3M 1.8M shares
Gridiron Partners, LLC Long Only Manager	+$2.7M +4.4M shares	$2.9M 4.6M shares
MORGAN STANLEY RIA/Wealth	+$2.5M +207.0K shares	$35.8M 2.9M shares
L LPL Financial LLC Institution	+$2.3M +189.8K shares	$11.7M 948.3K shares
A Alpine Partners VI, LLC Institution	+$1.8M +144.0K shares	$1.8M 144.0K shares
CF Capital LLC Hedge Fund•Sector	+$1.4M +112.7K shares	$3.4M 273.6K shares
Congress Park Capital LLC RIA/Wealth	+$983.2K +80.0K shares	$6.2M 505.0K shares
C Cornerstone Advisory, LLP RIA/Wealth	+$772.8K +62.9K shares	$8.2M 670.4K shares
Pensionmark Financial Group, LLC Pension/Endowment	+$747.8K +60.8K shares	$747.8K 60.8K shares
Advisors Asset Management, Inc. ETF Provider	+$649.8K +52.9K shares	$7.0M 573.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$16.2M −1.3M shares	$28.4M 2.3M shares
MACKAY SHIELDS LLC Long Only Manager	−$15.3M −1.2M shares	$14.3M 1.2M shares
ROBINSON CAPITAL MANAGEMENT, LLC Long Only Manager	−$5.3M −441.0K shares	Sold Off 0 shares
WELLS FARGO & COMPANY/MN Institution	−$4.3M −351.7K shares	$20.1M 1.6M shares
K Karpus Management, Inc. Institution	−$2.8M −235.8K shares	Sold Off 0 shares
BANK OF AMERICA CORP /DE/ Institution	−$1.5M −125.6K shares	$14.1M 1.1M shares
Kestra Advisory Services, LLC RIA/Wealth	−$1.4M −116.6K shares	$1.7M 136.7K shares
Oakmont Partners LLC RIA/Wealth	−$1.0M −85.6K shares	Sold Off 0 shares
Broyhill Asset Management Hedge Fund•Multi-Strategy	−$911.1K −74.1K shares	$1.0M 84.2K shares
Stratos Wealth Advisors, LLC RIA/Wealth	−$710.1K −59.5K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited NVG in Q3 2025

New Positions: 19
New Value: $2.6M
Exited Positions: 23
Exited Value: $12.7M

New Positions

Institution	Position Value
Pensionmark Financial Group, LLC Pension/Endowment	$747.8K 60.8K shares
NBC SECURITIES, INC. RIA/Wealth	$296.5K 24.1K shares
Perennial Investment Advisors, LLC RIA/Wealth	$291.4K 23.7K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$290.7K 23.7K shares
Savvy Advisors, Inc. RIA/Wealth	$204.3K 16.6K shares
Edge Financial Advisors LLC RIA/Wealth	$161.0K 13.1K shares
Ashton Thomas Private Wealth, LLC RIA/Wealth	$147.5K 12.0K shares
Maridea Wealth Management LLC RIA/Wealth	$141.1K 11.4K shares
F Financial Engines Advisors L.L.C. Institution	$137.6K 11.2K shares
TEXAS CAPITAL BANCSHARES INC/TX Institution	$111.1K 9.0K shares

Exited Positions

Institution	Previous Position
ROBINSON CAPITAL MANAGEMENT, LLC Long Only Manager	$5.3M 441.0K shares
K Karpus Management, Inc. Institution	$2.8M 235.8K shares
Oakmont Partners LLC RIA/Wealth	$1.0M 85.6K shares
Stratos Wealth Advisors, LLC RIA/Wealth	$710.1K 59.5K shares
SIGNATURE ESTATE & INVESTMENT ADVISORS LLC RIA/Wealth	$603.8K 50.6K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$518.1K 43.4K shares
P Portfolio Strategies, Inc. RIA/Wealth	$262.9K 22.0K shares
Allspring Global Investments Holdings, LLC Long Only Manager	$232.7K 19.5K shares
GERMAN AMERICAN BANCORP, INC. Institution	$178.2K 14.9K shares
Heritage Wealth Architects, Inc. RIA/Wealth	$151.8K 12.7K shares

Options Activity

Institutions with the largest Call and Put options positions in NVG as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with NVG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
MACKAY SHIELDS LLC Long Only Manager	Alison Hiers Micucci CEO	3.29% $14.3M	0.00% 1.2M shares	Q4 2023 Held for 1y 11m	$435.7M
Gridiron Partners, LLC Long Only Manager	David Matthew Kamin CIO	2.25% $2.9M	0.00% 4.6M shares	Q4 2023 Held for 1y 11m	$128.2M
CF Capital LLC Hedge Fund•Sector	Jenaro Cardona-Fox CIO	2.12% $3.4M	0.00% 273.6K shares	Q1 2025 Held for 8 months	$158.3M
Congress Park Capital LLC RIA/Wealth	Eric Brodwin CIO	2.00% $6.2M	0.00% 505.0K shares	Q2 2025 Held for 5 months	$310.3M
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	Patrick William Galley CEO	1.72% $28.4M	0.00% 2.3M shares	Q4 2022 Held for 2y 11m	$1.7B
G Gould Capital, LLC RIA/Wealth	Jennifer Anne Emmons Carlson CCO	1.38% $2.2M	0.00% 181.3K shares	Q4 2022 Held for 2y 11m	$161.5M
MELFA WEALTH MANAGEMENT, LLC RIA/Wealth	Christopher L Wayne CEO	1.32% $2.3M	0.00% 183.1K shares	Q4 2022 Held for 2y 11m	$169.9M
P Palogic Value Management, L.P. RIA/Wealth	Scott Aubrey Williams Partner	1.32% $3.1M	0.00% 250.2K shares	Q4 2022 Held for 2y 11m	$233.1M
KENNEDY INVESTMENT GROUP RIA/Wealth	John William Kennedy CEO	0.95% $2.4M	0.00% 194.4K shares	Q4 2022 Held for 2y 11m	$251.5M
Smith Asset Management Co., LLC RIA/Wealth	Benjamin Larry Smith President	0.95% $1.1M	0.00% 90.3K shares	Q4 2024 Held for 11 months	$117.4M

Hedge Fund Spotlight

Discover hedge funds investing in NVG

RIVERNORTH CAPITAL MANAGEMENT, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerPatrick William Galley

Portfolio Value: $1.7B
Positions: 297
Last Reported: Q3 2025

Sector Allocation

Position in Nuveen AMT-Free Municipal Credit Income Fund

Market Value: $28.4M
Shares Held: 2.3M
Portfolio Weight: 1.72%
Owned Since: 2022-Q4

Top Holding	Sector	Market Value	Weight
1 Blackrock Muniholdings Fund MHD	Unknown Unknown	$48.7M	2.95%
2 Blackrock Muniyield Fund MYD	Unknown Unknown	$48.3M	2.92%
3 Invesco Municipal Trust VKQ	Unknown Unknown	$42.3M	2.56%