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Nuveen Municipal Credit Opportunities Fund
NMCO

54 hedge funds and large institutions have $120M invested in Nuveen Municipal Credit Opportunities Fund in 2024 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 16

11% more capital invested

Capital invested by funds: $108M → $120M (+$11.5M)

0.8% more ownership

Funds ownership: 17.92% → 18.72% (+0.8%)

8% less funds holding

Funds holding: 59 → 54 (-5)

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Holders
54
Holders Change
-5
Holders Change %
-8.47%
% of All Funds
0.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
19
Reduced
16
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$10.4M
2
Bank of America
Bank of America
North Carolina
+$1.08M
3
Wells Fargo
Wells Fargo
California
+$578K
4
WIA
World Investment Advisors
California
+$538K
5
PI
PFG Investments
New York
+$535K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$1.72M
2
NMC
Nine Masts Capital
Hong Kong
-$1.6M
3
LCM
Landscape Capital Management
New Jersey
-$902K
4
AAM
Advisors Asset Management
Colorado
-$847K
5
WAM
Wolverine Asset Management
Illinois
-$764K
Name Holding Trade Value Shares
Change 		Change in
Stake
TCA
26
Transcend Capital Advisors
New Jersey
$587K – – –
NA
27
NewEdge Advisors
Louisiana
$580K +$218K +19,193 +63%
WIA
28
World Investment Advisors
California
$552K +$538K +47,300 New
Invesco
29
Invesco
Georgia
$487K +$175K +15,411 +59%
MWM
30
Melfa Wealth Management
Massachusetts
$477K – – –
CCG
31
Catalina Capital Group
California
$345K +$118K +10,365 +54%
CAPTRUST Financial Advisors
32
CAPTRUST Financial Advisors
North Carolina
$327K – – –
WA
33
WESPAC Advisors
California
$294K – – –
KWA
34
Kingswood Wealth Advisors
California
$246K – – –
Calamos Advisors
35
Calamos Advisors
Illinois
$223K -$227K -19,976 -51%
MAM
36
Mystic Asset Management
Rhode Island
$222K – – –
Comerica Bank
37
Comerica Bank
Texas
$220K +$43K +3,777 +25%
TPA
38
Trivium Point Advisory
Connecticut
$202K +$206K +18,093 New
KWM
39
Kingsview Wealth Management
Oregon
$194K – – –
WS
40
Wedbush Securities
California
$170K -$15.5K -1,360 -9%
Citadel Advisors
41
Citadel Advisors
Florida
$169K -$77.1K -6,777 -32%
HighTower Advisors
42
HighTower Advisors
Illinois
$169K +$13.5K +1,182 +9%
Stifel Financial
43
Stifel Financial
Missouri
$130K -$124K -10,921 -49%
FWM
44
Fairhaven Wealth Management
Illinois
$125K – – –
P
45
&Partners
Tennessee
$123K – – –
Truist Financial
46
Truist Financial
North Carolina
$122K +$1.02K +90 +0.9%
TSMHT
47
Thurston Springer Miller Herd & Titak
Indiana
$119K +$116K +10,185 New
WSFS
48
Wilmington Savings Fund Society
Delaware
$23.3K +$22.8K +2,000 New
SIC
49
Salem Investment Counselors
North Carolina
$19.5K – – –
SPIA
50
Steward Partners Investment Advisory
New York
$14.7K – – –
1
2
3

NMCO Hedge Fund Activity: Q3 2024 in Review

54 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q3 2024, worth a combined $120M — up 11% from $108M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of NMCO and 6 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 19 added.

The largest buyer was Morgan Stanley, adding an estimated $10.4M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.72M sold.

  • 54 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q3 2024, down from 59 in Q2 2024.
  • Funds reported $120M of Nuveen Municipal Credit Opportunities Fund stock for Q3 2024, up 11% quarter-over-quarter.
  • 6 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q3 2024 and 11 closed out, a net change of -5 holders.
  • The largest Nuveen Municipal Credit Opportunities Fund buyer in Q3 2024 was Morgan Stanley, an estimated $10.4M added.
  • The largest Nuveen Municipal Credit Opportunities Fund seller in Q3 2024 was Rivernorth Capital Management, an estimated $1.72M sold.

Based on aggregated 13F filings for Q3 2024.