Nuveen Municipal Credit Opportunities Fund
NMCO
46 hedge funds and large institutions have $97M invested in Nuveen Municipal Credit Opportunities Fund in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 10 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
0.25% less ownership
Funds ownership: 17.06% → 16.81% (-0.25%)
5% less capital invested
Capital invested by funds: $102M → $97M (-$5.05M)
12% less funds holding
Funds holding: 52 → 46 (-6)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.11M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$945K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$932K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$374K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$336K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.34M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.02M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$567K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$553K |
| 5 |
MAM
Mystic Asset Management
Warwick,
Rhode Island
|
-$314K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPC
51
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$147K | -12,902 | Closed |
|
52
Envestnet Asset Management
Chicago,
Illinois
| – | -$117K | -10,243 | Closed |
|
53
Charles Schwab
San Francisco,
California
| – | -$114K | -10,000 | Closed |
|
54
Nomura Holdings
Tokyo,
Japan
| – | -$114K | -10,000 | Closed |
|
|
AA
55
AlphaCentric Advisors
San Juan,
Puerto Rico
| – | -$74.7K | -6,550 | Closed |
|
56
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$23K | -2,000 | Closed |
|
NMCO Hedge Fund Activity: Q2 2023 in Review
46 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q2 2023, worth a combined $97M — down 4.9% from $102M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NMCO and 4 opened new positions — a net loss of 6 holders — while 12 trimmed existing stakes and 16 added.
The largest buyer was Bank of America, adding an estimated $1.11M. The largest seller was Morgan Stanley, cutting an estimated $3.34M.
- 46 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q2 2023, down from 52 in Q1 2023.
- Funds reported $97M of Nuveen Municipal Credit Opportunities Fund stock for Q2 2023, down 4.9% quarter-over-quarter.
- 4 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q2 2023 and 10 closed out, a net change of -6 holders.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q2 2023 was Bank of America, an estimated $1.11M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q2 2023 was Morgan Stanley, an estimated $3.34M sold.
Based on aggregated 13F filings for Q2 2023.