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Nuveen Dynamic Municipal Opportunities Fund
NDMO

48 hedge funds and large institutions have $63.6M invested in Nuveen Dynamic Municipal Opportunities Fund in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 9 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

122% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 9

4% less capital invested

Capital invested by funds: $66.6M → $63.6M (-$3M)

1.09% less ownership

Funds ownership: 11.27% → 10.18% (-1.1%)

13% less funds holding

Funds holding: 55 → 48 (-7)

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Holders
48
Holders Change
-7
Holders Change %
-12.73%
% of All Funds
0.76%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
20
Reduced
9
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.1M
2
WS
Wedbush Securities
California
+$230K
3
NA
NewEdge Advisors
Louisiana
+$212K
4
UBS Group
UBS Group
Switzerland
+$204K
5
Wells Fargo
Wells Fargo
California
+$194K

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$2.72M
2
LSC
Logan Stone Capital
Illinois
-$1.89M
3
Osaic Holdings
Osaic Holdings
Arizona
-$1.13M
4
Allspring Global Investments
Allspring Global Investments
North Carolina
-$983K
5
Cohen & Steers
Cohen & Steers
New York
-$669K
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
26
Janney Montgomery Scott
Pennsylvania
$184K +$12.8K +1,155 +7%
Creative Planning
27
Creative Planning
Kansas
$177K – – –
MAG
28
MRA Advisory Group
New Jersey
$177K +$186K +16,741 New
Envestnet Asset Management
29
Envestnet Asset Management
Illinois
$160K +$169K +15,176 New
HKIM
30
Hayek Kallen Investment Management
Alabama
$155K -$37K -3,333 -19%
VF
31
Virtu Financial
New York
$136K +$143K +12,882 New
Truist Financial
32
Truist Financial
North Carolina
$127K – – –
Goldman Sachs
33
Goldman Sachs
New York
$121K -$133K -11,959 -51%
VAG
34
VisionPoint Advisory Group
Texas
$121K – – –
RJFSA
35
Raymond James Financial Services Advisors
Florida
$119K -$22.2K -1,995 -15%
PWA
36
Primoris Wealth Advisors
Florida
$116K – – –
MHS
37
M Holdings Securities
Oregon
$108K – – –
Charles Schwab
38
Charles Schwab
California
$106K +$111K +10,000 New
ASN
39
Advisory Services Network
Georgia
$76.9K +$167 +15 +0.2%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$70.5K – – –
AF
41
Allworth Financial
California
$59.9K +$856 +77 +1%
SPIA
42
Steward Partners Investment Advisory
New York
$50.1K – – –
CTC
43
Central Trust Company
Missouri
$21.1K +$22.2K +2,000 New
BTI
44
Blue Trust Inc
Georgia
$20K – – –
WAM
45
Worth Asset Management
Texas
$11.7K – – –
DI
46
Disciplined Investments
Oklahoma
$7.85K – – –
FIA
47
FNY Investment Advisers
New York
$6K +$6.67K +600 New
Commonwealth Equity Services
48
Commonwealth Equity Services
Massachusetts
$307 +$63K +5,670 +24%
Fidelity Investments
49
Fidelity Investments
Massachusetts
$1 – – –
LSC
50
Logan Stone Capital
Illinois
– -$1.89M -189,730 Closed
1
2
3

NDMO Hedge Fund Activity: Q1 2023 in Review

48 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Nuveen Dynamic Municipal Opportunities Fund (NDMO) for Q1 2023, worth a combined $63.6M — down 4.5% from $66.6M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of NDMO and 6 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 20 added.

The largest buyer was Bank of America, adding an estimated $1.1M. The largest seller was Ameriprise, cutting an estimated $2.72M.

  • 48 institutional investors held Nuveen Dynamic Municipal Opportunities Fund (NDMO) as of Q1 2023, down from 55 in Q4 2022.
  • Funds reported $63.6M of Nuveen Dynamic Municipal Opportunities Fund stock for Q1 2023, down 4.5% quarter-over-quarter.
  • 6 funds opened new Nuveen Dynamic Municipal Opportunities Fund positions in Q1 2023 and 11 closed out, a net change of -5 holders.
  • The largest Nuveen Dynamic Municipal Opportunities Fund buyer in Q1 2023 was Bank of America, an estimated $1.1M added.
  • The largest Nuveen Dynamic Municipal Opportunities Fund seller in Q1 2023 was Ameriprise, an estimated $2.72M sold.

Based on aggregated 13F filings for Q1 2023.