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Nuveen Municipal Credit Opportunities Fund
NMCO

54 hedge funds and large institutions have $84M invested in Nuveen Municipal Credit Opportunities Fund in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

17% more funds holding

Funds holding: 46 → 54 (+8)

0% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 14

0.56% less ownership

Funds ownership: 16.81% → 16.25% (-0.56%)

13% less capital invested

Capital invested by funds: $97M → $84M (-$13M)

Holders
54
Holders Change
+8
Holders Change %
+17.39%
% of All Funds
0.86%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
14
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.74M
2
Millennium Management
Millennium Management
New York
+$931K
3
GC
Guggenheim Capital
Illinois
+$821K
4
LA
LexAurum Advisors
Kansas
+$415K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$334K

Top Sellers

Rank Fund Capital Flow
1
VanEck Associates
VanEck Associates
New York
-$2.73M
2
Cohen & Steers
Cohen & Steers
New York
-$2.69M
3
Bank of America
Bank of America
North Carolina
-$2.32M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$922K
5
Citadel Advisors
Citadel Advisors
Florida
-$385K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$253K -$82.4K -7,533 -22%
Truist Financial
27
Truist Financial
North Carolina
$245K +$97.3K +8,894 +54%
MAM
28
Mystic Asset Management
Rhode Island
$223K +$252K +23,000 New
RPCONE
29
Retirement Planning Company of New England
Rhode Island
$223K +$252K +23,000 New
Creative Planning
30
Creative Planning
Kansas
$207K +$31.7K +2,900 +16%
KWM
31
Kingsview Wealth Management
Oregon
$196K -$18.6K -1,700 -8%
WSTAM
32
Wilbanks Smith & Thomas Asset Management
Virginia
$194K +$109K +10,000 +100%
WCM
33
WealthBridge Capital Management
Ohio
$182K +$206K +18,800 New
CCP
34
Clough Capital Partners
Massachusetts
$177K +$200K +18,300 New
QL
35
Quarry LP
New York
$177K +$200K +18,300 New
Comerica Bank
36
Comerica Bank
Texas
$171K +$193K +17,627 New
LCM
37
Leisure Capital Management
California
$145K – – –
Cohen & Steers
38
Cohen & Steers
New York
$143K -$2.69M -245,814 -94%
BFA
39
Beaumont Financial Advisors
Massachusetts
$136K – – –
OFG
40
OmniStar Financial Group
North Carolina
$135K +$152K +13,882 New
LCM
41
Landscape Capital Management
New Jersey
$128K +$145K +13,248 New
RJFSA
42
Raymond James Financial Services Advisors
Florida
$126K +$142K +12,963 New
HighTower Advisors
43
HighTower Advisors
Illinois
$124K +$141K +12,843 New
Citadel Advisors
44
Citadel Advisors
Florida
$108K -$385K -35,190 -76%
JSW
45
Journey Strategic Wealth
New Jersey
$107K – – –
FWM
46
Fairhaven Wealth Management
Illinois
$104K – – –
WAM
47
Wolverine Asset Management
Illinois
$24.7K +$27.9K +2,553 New
IA
48
IFP Advisors
Florida
$21.7K – – –
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$19.4K – – –
SIC
50
Salem Investment Counselors
North Carolina
$16.2K – – –
1
2
3

NMCO Hedge Fund Activity: Q3 2023 in Review

54 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q3 2023, worth a combined $84M — down 13% from $97M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NMCO positions and 6 closed out — a net gain of 8 holders — while 14 added to existing stakes and 14 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.74M. The largest seller was VanEck Associates, exiting entirely with an estimated $2.73M sold.

  • 54 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q3 2023, up from 46 in Q2 2023.
  • Funds reported $84M of Nuveen Municipal Credit Opportunities Fund stock for Q3 2023, down 13% quarter-over-quarter.
  • 14 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q3 2023 and 6 closed out, a net change of +8 holders.
  • The largest Nuveen Municipal Credit Opportunities Fund buyer in Q3 2023 was Morgan Stanley, an estimated $1.74M added.
  • The largest Nuveen Municipal Credit Opportunities Fund seller in Q3 2023 was VanEck Associates, an estimated $2.73M sold.

Based on aggregated 13F filings for Q3 2023.