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Nuveen Municipal Credit Opportunities Fund
NMCO

40 hedge funds and large institutions have $97.1M invested in Nuveen Municipal Credit Opportunities Fund in 2021 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 4 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

475% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 4

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

20% more capital invested

Capital invested by funds: $80.6M → $97.1M (+$16.5M)

11% more funds holding

Funds holding: 36 → 40 (+4)

1.02% more ownership

Funds ownership: 10.78% → 11.8% (+1%)

Holders
40
Holders Change
+4
Holders Change %
+11.11%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
23
Reduced
4
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$3.82M
2
GC
Guggenheim Capital
Illinois
+$1.83M
3
UBS Group
UBS Group
Switzerland
+$1.43M
4
Cohen & Steers
Cohen & Steers
New York
+$1.36M
5
RCM
Robinson Capital Management
Michigan
+$743K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.04M
2
Goldman Sachs
Goldman Sachs
New York
-$1.49M
3
WS
Wedbush Securities
California
-$243K
4
6M
6 Meridian
Kansas
-$105K
5
Wells Fargo
Wells Fargo
California
-$61.7K
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$238K +$112K +7,514 +95%
Truist Financial
27
Truist Financial
North Carolina
$228K +$12.7K +853 +6%
FIA
28
FNY Investment Advisers
New York
$217K +$1.26K +85 +0.6%
BFA
29
Beaumont Financial Advisors
Massachusetts
$216K – – –
VF
30
Virtu Financial
New York
$205K +$197K +13,255 New
KPWS
31
Kestra Private Wealth Services
Texas
$170K +$1.72K +116 +1%
AA
32
AlphaCentric Advisors
Puerto Rico
$159K +$73.2K +4,927 +92%
WSTAM
33
Wilbanks Smith & Thomas Asset Management
Virginia
$154K – – –
Northwestern Mutual Wealth Management
34
Northwestern Mutual Wealth Management
Wisconsin
$55K +$53K +3,564 New
Citigroup
35
Citigroup
New York
$46K – – –
SIC
36
Salem Investment Counselors
North Carolina
$26K – – –
SWM
37
Spire Wealth Management
Virginia
$13K – – –
AWA
38
Arkadios Wealth Advisors
Georgia
$2K +$2.84K +191 New
Goldman Sachs
39
Goldman Sachs
New York
– -$1.49M -106,456 Closed
TWP
40
TFO Wealth Partners
Ohio
– -$28K -1,998 Closed
NFSG
41
Newbridge Financial Services Group
Florida
– +$386 +26 New
1
2

NMCO Hedge Fund Activity: Q2 2021 in Review

40 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q2 2021, worth a combined $97.1M — up 20% from $80.6M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new NMCO positions and 2 closed out — a net gain of 4 holders — while 23 added to existing stakes and 4 trimmed.

The largest buyer was Bank of America, adding an estimated $3.82M. The largest seller was Morgan Stanley, cutting an estimated $2.04M.

  • 40 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q2 2021, up from 36 in Q1 2021.
  • Funds reported $97.1M of Nuveen Municipal Credit Opportunities Fund stock for Q2 2021, up 20% quarter-over-quarter.
  • 6 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q2 2021 and 2 closed out, a net change of +4 holders.
  • The largest Nuveen Municipal Credit Opportunities Fund buyer in Q2 2021 was Bank of America, an estimated $3.82M added.
  • The largest Nuveen Municipal Credit Opportunities Fund seller in Q2 2021 was Morgan Stanley, an estimated $2.04M sold.

Based on aggregated 13F filings for Q2 2021.