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Nuveen Municipal Credit Opportunities Fund
NMCO

43 hedge funds and large institutions have $98.2M invested in Nuveen Municipal Credit Opportunities Fund in 2022 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

36% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 11

10% more funds holding

Funds holding: 39 → 43 (+4)

0.95% more ownership

Funds ownership: 12.64% → 13.59% (+0.95%)

7% less capital invested

Capital invested by funds: $105M → $98.2M (-$7.26M)

Holders
43
Holders Change
+4
Holders Change %
+10.26%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
15
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$4.09M
2
Bank of America
Bank of America
North Carolina
+$2.7M
3
MPW
Melone Private Wealth
Michigan
+$2.23M
4
Morgan Stanley
Morgan Stanley
New York
+$1.53M
5
UBS Group
UBS Group
Switzerland
+$1.42M

Top Sellers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
-$5.85M
2
Cohen & Steers
Cohen & Steers
New York
-$2.97M
3
VanEck Associates
VanEck Associates
New York
-$579K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$370K
5
KCPG
Kavar Capital Partners Group
Kansas
-$352K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$375K +$77.9K +5,425 +24%
Envestnet Asset Management
27
Envestnet Asset Management
Illinois
$370K +$394K +27,427 New
KWM
28
Kingsview Wealth Management
Oregon
$367K – – –
BRWM
29
B. Riley Wealth Management
Tennessee
$324K +$344K +23,990 New
MW
30
Marcum Wealth
Ohio
$270K – – –
Truist Financial
31
Truist Financial
North Carolina
$257K -$8.64K -602 -3%
DLG
32
Daniel L. Goodwin
$221K +$234K +16,300 New
Osaic Holdings
33
Osaic Holdings
Arizona
$214K -$3.43K -239 -1%
BFA
34
Beaumont Financial Advisors
Massachusetts
$189K – – –
Luther King Capital Management (LKCM)
35
Luther King Capital Management (LKCM)
Texas
$181K – – –
RPCA
36
Running Point Capital Advisors
California
$135K +$144K +10,000 New
WSTAM
37
Wilbanks Smith & Thomas Asset Management
Virginia
$126K – – –
EIP
38
Ellis Investment Partners
Pennsylvania
$45K +$416 +29 +0.9%
IA
39
IFP Advisors
Florida
$34K +$32.2K +2,243 New
SPIA
40
Steward Partners Investment Advisory
New York
$26K +$27.7K +1,928 New
SIC
41
Salem Investment Counselors
North Carolina
$22K – – –
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$14K +$4.67K +325 +48%
SWM
43
Spire Wealth Management
Virginia
$11K – – –
FIA
44
FNY Investment Advisers
New York
$10K +$11.5K +800 New
PCM
45
Penserra Capital Management
California
– -$5.85M -373,486 Closed
KCPG
46
Kavar Capital Partners Group
Kansas
– -$352K -22,500 Closed
TJHA
47
Thomas J. Herzfeld Advisors
Florida
– -$125K -8,002 Closed
AWA
48
Amplius Wealth Advisors
Pennsylvania
– -$57K -3,675 Closed
TRCT
49
Tower Research Capital (TRC)
New York
– -$3K -170 Closed
Fidelity Investments
50
Fidelity Investments
Massachusetts
– +$14 +1 New
1
2

NMCO Hedge Fund Activity: Q1 2022 in Review

43 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q1 2022, worth a combined $98.2M — down 6.9% from $105M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new NMCO positions and 5 closed out — a net gain of 5 holders — while 15 added to existing stakes and 11 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $4.09M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $5.85M sold.

  • 43 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q1 2022, up from 39 in Q4 2021.
  • Funds reported $98.2M of Nuveen Municipal Credit Opportunities Fund stock for Q1 2022, down 6.9% quarter-over-quarter.
  • 10 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q1 2022 and 5 closed out, a net change of +5 holders.
  • The largest Nuveen Municipal Credit Opportunities Fund buyer in Q1 2022 was Rivernorth Capital Management, an estimated $4.09M added.
  • The largest Nuveen Municipal Credit Opportunities Fund seller in Q1 2022 was Penserra Capital Management, an estimated $5.85M sold.

Based on aggregated 13F filings for Q1 2022.