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Nuveen Municipal Credit Opportunities Fund
NMCO

60 hedge funds and large institutions have $119M invested in Nuveen Municipal Credit Opportunities Fund in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 18

1.46% less ownership

Funds ownership: 21.69% → 20.23% (-1.5%)

6% less capital invested

Capital invested by funds: $126M → $119M (-$7.61M)

14% less funds holding

Funds holding: 70 → 60 (-10)

60% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 15

Holders
60
Holders Change
-10
Holders Change %
-14.29%
% of All Funds
0.8%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
22
Reduced
18
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$2.59M
2
Cohen & Steers
Cohen & Steers
New York
+$1.41M
3
LPL Financial
LPL Financial
California
+$426K
4
Raymond James Financial
Raymond James Financial
Florida
+$424K
5
Northern Trust
Northern Trust
Illinois
+$416K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$5.21M
2
NMC
Nine Masts Capital
Hong Kong
-$2.48M
3
Morgan Stanley
Morgan Stanley
New York
-$1.95M
4
AGM
Alpine Global Management
New York
-$1.28M
5
LSC
Logan Stone Capital
Illinois
-$946K
Name Holding Trade Value Shares
Change 		Change in
Stake
TWP
26
Tyche Wealth Partners
Texas
$827K – – –
WA
27
WESPAC Advisors
California
$753K +$248K +22,624 +47%
Walleye Capital
28
Walleye Capital
New York
$544K -$380K -34,665 -41%
Invesco
29
Invesco
Georgia
$438K -$2.06K -188 -0.5%
MWM
30
Melfa Wealth Management
Massachusetts
$437K – – –
Northern Trust
31
Northern Trust
Illinois
$407K +$416K +38,000 New
CSP
32
Cary Street Partners
Virginia
$350K +$21.9K +2,000 +7%
CAPTRUST Financial Advisors
33
CAPTRUST Financial Advisors
North Carolina
$300K – – –
CCG
34
Catalina Capital Group
California
$279K – – –
TCA
35
Transcend Capital Advisors
New Jersey
$253K -$11K -1,000 -4%
Comerica Bank
36
Comerica Bank
Texas
$245K -$2.67K -244 -1%
Calamos Advisors
37
Calamos Advisors
Illinois
$243K -$9.96K -909 -4%
MAM
38
Mystic Asset Management
Rhode Island
$203K – – –
TPA
39
Trivium Point Advisory
Connecticut
$198K +$2.48K +226 +1%
KWM
40
Kingsview Wealth Management
Oregon
$181K +$19.7K +1,800 +12%
CW
41
CreativeOne Wealth
Kansas
$175K -$83.3K -7,600 -32%
Citadel Advisors
42
Citadel Advisors
Florida
$150K -$67.6K -6,174 -31%
EH
43
Equitable Holdings
New York
$144K +$148K +13,500 New
WS
44
Wedbush Securities
California
$133K +$175 +16 +0.1%
SIMG
45
Sonora Investment Management Group
Arizona
$129K – – –
EC
46
Elequin Capital
New York
$122K +$125K +11,424 New
P
47
&Partners
Tennessee
$113K – – –
TSMHT
48
Thurston Springer Miller Herd & Titak
Indiana
$112K +$1.4K +128 +1%
Stifel Financial
49
Stifel Financial
Missouri
$109K -$21.9K -2,000 -16%
PL
50
Plancorp LLC
Missouri
$107K +$110K +10,000 New
1
2
3

NMCO Hedge Fund Activity: Q1 2025 in Review

60 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q1 2025, worth a combined $119M — down 6% from $126M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of NMCO and 6 opened new positions — a net loss of 9 holders — while 18 trimmed existing stakes and 22 added.

The largest buyer was Wells Fargo, adding an estimated $2.59M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.21M.

  • 60 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q1 2025, down from 70 in Q4 2024.
  • Funds reported $119M of Nuveen Municipal Credit Opportunities Fund stock for Q1 2025, down 6% quarter-over-quarter.
  • 6 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q1 2025 and 15 closed out, a net change of -9 holders.
  • The largest Nuveen Municipal Credit Opportunities Fund buyer in Q1 2025 was Wells Fargo, an estimated $2.59M added.
  • The largest Nuveen Municipal Credit Opportunities Fund seller in Q1 2025 was Rivernorth Capital Management, an estimated $5.21M sold.

Based on aggregated 13F filings for Q1 2025.