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Nuveen Municipal Credit Opportunities Fund
NMCO

46 hedge funds and large institutions have $85.6M invested in Nuveen Municipal Credit Opportunities Fund in 2022 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

36% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 11

5% more funds holding

Funds holding: 44 → 46 (+2)

0.84% more ownership

Funds ownership: 14.13% → 14.98% (+0.84%)

7% less capital invested

Capital invested by funds: $91.8M → $85.6M (-$6.2M)

Holders
46
Holders Change
+2
Holders Change %
+4.55%
% of All Funds
0.79%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
15
Reduced
11
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$2.69M
2
GC
Guggenheim Capital
Illinois
+$1.39M
3
UBS Group
UBS Group
Switzerland
+$1.27M
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.13M
5
XF
XML Financial
Maryland
+$661K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.68M
2
KCPG
Kavar Capital Partners Group
Kansas
-$251K
3
VanEck Associates
VanEck Associates
New York
-$242K
4
PP
Pegasus Partners
Wisconsin
-$214K
5
Wells Fargo
Wells Fargo
California
-$211K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$229K +$6.73K +528 +3%
DLG
27
Daniel L. Goodwin
$227K +$30.6K +2,400 +13%
Creative Planning
28
Creative Planning
Kansas
$198K – – –
CIA
29
Capital Investment Advisors
Georgia
$187K +$86.1K +6,750 +63%
IAIM
30
International Assets Investment Management
Florida
$170K -$6.99K -548 -4%
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$154K -$194K -15,237 -51%
Northwestern Mutual Wealth Management
32
Northwestern Mutual Wealth Management
Wisconsin
$153K -$57.9K -4,544 -24%
BFA
33
Beaumont Financial Advisors
Massachusetts
$150K – – –
FWM
34
Fairhaven Wealth Management
Illinois
$115K – – –
Jane Street
35
Jane Street
New York
$109K +$130K +10,200 New
RPCA
36
Running Point Capital Advisors
California
$107K – – –
WSTAM
37
Wilbanks Smith & Thomas Asset Management
Virginia
$107K – – –
JP Morgan Chase
38
JP Morgan Chase
New York
$107K +$127K +10,000 New
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$57K +$68K +5,335 New
EIP
40
Ellis Investment Partners
Pennsylvania
$37K +$650 +51 +1%
IA
41
IFP Advisors
Florida
$34K – – –
SIC
42
Salem Investment Counselors
North Carolina
$18K – – –
SPIA
43
Steward Partners Investment Advisory
New York
$18K – – –
SWM
44
Spire Wealth Management
Virginia
$9K – – –
BWA
45
BDO Wealth Advisors
Florida
$9K +$10.6K +834 New
FIA
46
FNY Investment Advisers
New York
$8K – – –
KCPG
47
Kavar Capital Partners Group
Kansas
– -$251K -20,500 Closed
PP
48
Pegasus Partners
Wisconsin
– -$214K -17,500 Closed
VVP
49
Venture Visionary Partners
Ohio
– -$96.9K -7,916 Closed
Citigroup
50
Citigroup
New York
– -$5K -400 Closed
1
2

NMCO Hedge Fund Activity: Q3 2022 in Review

46 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q3 2022, worth a combined $85.6M — down 6.8% from $91.8M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new NMCO positions and 4 closed out — a net gain of 3 holders — while 15 added to existing stakes and 11 trimmed.

The largest buyer was Bank of America, adding an estimated $2.69M. The largest seller was Morgan Stanley, cutting an estimated $1.68M.

  • 46 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q3 2022, up from 44 in Q2 2022.
  • Funds reported $85.6M of Nuveen Municipal Credit Opportunities Fund stock for Q3 2022, down 6.8% quarter-over-quarter.
  • 7 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q3 2022 and 4 closed out, a net change of +3 holders.
  • The largest Nuveen Municipal Credit Opportunities Fund buyer in Q3 2022 was Bank of America, an estimated $2.69M added.
  • The largest Nuveen Municipal Credit Opportunities Fund seller in Q3 2022 was Morgan Stanley, an estimated $1.68M sold.

Based on aggregated 13F filings for Q3 2022.