Nuveen Municipal Credit Opportunities Fund
NMCO
33 hedge funds and large institutions have $84.6M invested in Nuveen Municipal Credit Opportunities Fund in 2020 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 13 increasing their positions, 4 reducing their positions, and 1 closing their positions.
1,300% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 1
225% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 4
87% more capital invested
Capital invested by funds: $45.2M → $84.6M (+$39.4M)
65% more funds holding
Funds holding: 20 → 33 (+13)
6.26% more ownership
Funds ownership: 7.63% → 13.89% (+6.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$25.9M |
| 2 |
Morgan Stanley
New York
|
+$3.35M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.32M |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$873K |
| 5 |
Millennium Management
New York
|
+$820K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.6M |
| 2 |
Bank of New York Mellon
New York
|
-$256K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$231K |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$57.7K |
| 5 |
KCPG
Kavar Capital Partners Group
Leawood,
Kansas
|
-$18.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Truist Financial
Charlotte,
North Carolina
| $154K | -$57.7K | -4,630 | -28% |
|
|
WSTAM
27
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| $130K | – | – | – |
|
28
Citigroup
New York
| $86K | +$83.1K | +6,667 | New |
|
|
TWP
29
TFO Wealth Partners
Maumee,
Ohio
| $69K | +$66.7K | +5,347 | New |
|
30
Osaic Holdings
Scottsdale,
Arizona
| $53K | +$7.48K | +600 | +17% |
|
|
AA
31
AlphaCentric Advisors
San Juan,
Puerto Rico
| $24K | +$9.56K | +767 | +70% |
|
|
SIC
32
Salem Investment Counselors
Winston Salem,
North Carolina
| $22K | +$20.8K | +1,665 | New |
|
|
33
Bank of New York Mellon
New York
| – | -$256K | -20,303 | Closed |
|
34
Fidelity Investments
Boston,
Massachusetts
| – | +$12 | +1 | New |
|
NMCO Hedge Fund Activity: Q4 2020 in Review
33 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q4 2020, worth a combined $84.6M — up 87% from $45.2M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NMCO positions and 1 closed out — a net gain of 13 holders — while 13 added to existing stakes and 4 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $25.9M. The largest seller was UBS Group, cutting an estimated $1.6M.
- 33 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q4 2020, up from 20 in Q3 2020.
- Funds reported $84.6M of Nuveen Municipal Credit Opportunities Fund stock for Q4 2020, up 87% quarter-over-quarter.
- 14 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q4 2020 and 1 closed out, a net change of +13 holders.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q4 2020 was Rivernorth Capital Management, an estimated $25.9M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q4 2020 was UBS Group, an estimated $1.6M sold.
Based on aggregated 13F filings for Q4 2020.