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Nuveen Municipal Credit Opportunities Fund
NMCO

52 hedge funds and large institutions have $102M invested in Nuveen Municipal Credit Opportunities Fund in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

5% more capital invested

Capital invested by funds: $97.2M → $102M (+$4.83M)

0.49% more ownership

Funds ownership: 16.57% → 17.06% (+0.49%)

0% more funds holding

Funds holding: 52 → 52 (0)

29% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 17

Holders
52
Holders Change
–
Holders Change %
0%
% of All Funds
0.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
12
Reduced
17
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$2.35M
2
Morgan Stanley
Morgan Stanley
New York
+$1.89M
3
GC
Guggenheim Capital
Illinois
+$957K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$662K
5
AP
Americana Partners
Texas
+$631K

Top Sellers

Rank Fund Capital Flow
1
LSC
Logan Stone Capital
Illinois
-$2.43M
2
IAIM
International Assets Investment Management
Florida
-$1.2M
3
WAM
Weiss Asset Management
Massachusetts
-$668K
4
RCM
Robinson Capital Management
Michigan
-$444K
5
Cohen & Steers
Cohen & Steers
New York
-$428K
Name Holding Trade Value Shares
Change 		Change in
Stake
MAM
26
Mystic Asset Management
Rhode Island
$314K – – –
KWM
27
Kingsview Wealth Management
Oregon
$252K – – –
Truist Financial
28
Truist Financial
North Carolina
$235K +$238K +20,615 New
Creative Planning
29
Creative Planning
Kansas
$211K – – –
LCM
30
Landscape Capital Management
New Jersey
$202K -$230K -19,918 -53%
LCM
31
Leisure Capital Management
California
$171K – – –
BFA
32
Beaumont Financial Advisors
Massachusetts
$160K – – –
Janney Montgomery Scott
33
Janney Montgomery Scott
Pennsylvania
$151K +$726 +63 +0.5%
AWM
34
Apollon Wealth Management
South Carolina
$151K – – –
SPC
35
Sigma Planning Corp
Michigan
$147K – – –
Citadel Advisors
36
Citadel Advisors
Florida
$143K -$47.8K -4,146 -25%
KCPG
37
Kavar Capital Partners Group
Kansas
$131K +$133K +11,500 New
JSW
38
Journey Strategic Wealth
New Jersey
$126K – – –
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$117K +$118K +10,243 New
WSTAM
40
Wilbanks Smith & Thomas Asset Management
Virginia
$114K – – –
Charles Schwab
41
Charles Schwab
California
$114K +$115K +10,000 New
Nomura Holdings
42
Nomura Holdings
Japan
$114K +$115K +10,000 New
AA
43
AlphaCentric Advisors
Puerto Rico
$74.7K -$173K -15,000 -70%
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$68.4K – – –
IA
45
IFP Advisors
Florida
$34.3K – – –
Carson Wealth (CWM LLC)
46
Carson Wealth (CWM LLC)
Nebraska
$23K +$23K +2,000 New
Northwestern Mutual Wealth Management
47
Northwestern Mutual Wealth Management
Wisconsin
$22.8K -$4.6K -399 -17%
SIC
48
Salem Investment Counselors
North Carolina
$19.1K – – –
SPIA
49
Steward Partners Investment Advisory
New York
$19.1K – – –
NA
50
NewEdge Advisors
Louisiana
$14.2K – – –
1
2
3

NMCO Hedge Fund Activity: Q1 2023 in Review

52 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q1 2023, worth a combined $102M — up 5% from $97.2M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new NMCO positions and 7 closed out — a net gain of 1 holder — while 12 added to existing stakes and 17 trimmed.

The largest buyer was Bank of America, adding an estimated $2.35M. The largest seller was Logan Stone Capital, exiting entirely with an estimated $2.43M sold.

  • 52 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $102M of Nuveen Municipal Credit Opportunities Fund stock for Q1 2023, up 5% quarter-over-quarter.
  • 8 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q1 2023 and 7 closed out, a net change of +1 holder.
  • The largest Nuveen Municipal Credit Opportunities Fund buyer in Q1 2023 was Bank of America, an estimated $2.35M added.
  • The largest Nuveen Municipal Credit Opportunities Fund seller in Q1 2023 was Logan Stone Capital, an estimated $2.43M sold.

Based on aggregated 13F filings for Q1 2023.