Nuveen Municipal Credit Opportunities Fund
NMCO
52 hedge funds and large institutions have $102M invested in Nuveen Municipal Credit Opportunities Fund in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
5% more capital invested
Capital invested by funds: $97.2M → $102M (+$4.83M)
0.49% more ownership
Funds ownership: 16.57% → 17.06% (+0.49%)
0% more funds holding
Funds holding: 52 → 52 (0)
29% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.35M |
| 2 |
Morgan Stanley
New York
|
+$1.89M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$957K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$662K |
| 5 |
AP
Americana Partners
Houston,
Texas
|
+$631K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$2.43M |
| 2 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$1.2M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$668K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$444K |
| 5 |
Cohen & Steers
New York
|
-$428K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIA
51
FNY Investment Advisers
New York
| $9K | +$9.22K | +800 | New |
|
|
52
Commonwealth Equity Services
Waltham,
Massachusetts
| $1.76K | +$662K | +57,482 | +59% |
|
|
LSC
53
Logan Stone Capital
Chicago,
Illinois
| – | -$2.43M | -221,190 | Closed |
|
|
IAIM
54
International Assets Investment Management
Orlando,
Florida
| – | -$1.2M | -99,023 | Closed |
|
|
WAM
55
Weiss Asset Management
Boston,
Massachusetts
| – | -$668K | -60,814 | Closed |
|
|
RCM
56
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$444K | -40,000 | Closed |
|
|
BF
57
BOK Financial
Tulsa,
Oklahoma
| – | -$221K | -20,100 | Closed |
|
|
RPCA
58
Running Point Capital Advisors
El Segundo,
California
| – | -$110K | -10,000 | Closed |
|
59
JP Morgan Chase
New York
| – | -$33K | -2,986 | Closed |
|
NMCO Hedge Fund Activity: Q1 2023 in Review
52 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q1 2023, worth a combined $102M — up 5% from $97.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NMCO positions and 7 closed out — a net gain of 1 holder — while 12 added to existing stakes and 17 trimmed.
The largest buyer was Bank of America, adding an estimated $2.35M. The largest seller was Logan Stone Capital, exiting entirely with an estimated $2.43M sold.
- 52 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $102M of Nuveen Municipal Credit Opportunities Fund stock for Q1 2023, up 5% quarter-over-quarter.
- 8 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q1 2023 and 7 closed out, a net change of +1 holder.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q1 2023 was Bank of America, an estimated $2.35M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q1 2023 was Logan Stone Capital, an estimated $2.43M sold.
Based on aggregated 13F filings for Q1 2023.