Nuveen Municipal Credit Opportunities Fund
NMCO
61 hedge funds and large institutions have $103M invested in Nuveen Municipal Credit Opportunities Fund in 2023 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 17 increasing their positions, 18 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
23% more capital invested
Capital invested by funds: $84M → $103M (+$19.1M)
13% more funds holding
Funds holding: 54 → 61 (+7)
3.14% more ownership
Funds ownership: 16.25% → 19.39% (+3.1%)
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$9.8M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.05M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.18M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.7M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$4.73M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.06M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.04M |
| 4 |
Millennium Management
New York
|
-$825K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$689K |
NMCO Hedge Fund Activity: Q4 2023 in Review
61 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q4 2023, worth a combined $103M — up 23% from $84M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NMCO positions and 10 closed out — a net gain of 8 holders — while 17 added to existing stakes and 18 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $9.8M. The largest seller was UBS Group, cutting an estimated $4.73M.
- 61 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q4 2023, up from 54 in Q3 2023.
- Funds reported $103M of Nuveen Municipal Credit Opportunities Fund stock for Q4 2023, up 23% quarter-over-quarter.
- 18 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q4 2023 and 10 closed out, a net change of +8 holders.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q4 2023 was Morgan Stanley, an estimated $9.8M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q4 2023 was UBS Group, an estimated $4.73M sold.
Based on aggregated 13F filings for Q4 2023.