Nuveen Municipal Credit Opportunities Fund
NMCO
44 hedge funds and large institutions have $91.8M invested in Nuveen Municipal Credit Opportunities Fund in 2022 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 9 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
2% more funds holding
Funds holding: 43 → 44 (+1)
0.54% more ownership
Funds ownership: 13.59% → 14.13% (+0.54%)
7% less capital invested
Capital invested by funds: $98.2M → $91.8M (-$6.42M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.6M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.93M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.48M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.25M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.85M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$607K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$596K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$533K |
| 5 |
VanEck Associates
New York
|
-$519K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MW
51
Marcum Wealth
Cleveland,
Ohio
| – | -$270K | -20,000 | Closed |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$14K | -1,000 | Closed |
|
NMCO Hedge Fund Activity: Q2 2022 in Review
44 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q2 2022, worth a combined $91.8M — down 6.5% from $98.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NMCO positions and 9 closed out — a net gain of 1 holder — while 15 added to existing stakes and 12 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.6M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $3.85M sold.
- 44 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q2 2022, up from 43 in Q1 2022.
- Funds reported $91.8M of Nuveen Municipal Credit Opportunities Fund stock for Q2 2022, down 6.5% quarter-over-quarter.
- 10 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q2 2022 and 9 closed out, a net change of +1 holder.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q2 2022 was Morgan Stanley, an estimated $2.6M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q2 2022 was Rivernorth Capital Management, an estimated $3.85M sold.
Based on aggregated 13F filings for Q2 2022.