Nuveen Municipal Credit Opportunities Fund
NMCO
56 hedge funds and large institutions have $99M invested in Nuveen Municipal Credit Opportunities Fund in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 12 reducing their positions, and 18 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 12
4% less capital invested
Capital invested by funds: $103M → $99M (-$4.08M)
2.27% less ownership
Funds ownership: 19.39% → 17.12% (-2.3%)
8% less funds holding
Funds holding: 61 → 56 (-5)
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.96M |
| 2 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$2.46M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.23M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$776K |
| 5 |
WA
WESPAC Advisors
Orinda,
California
|
+$519K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$15M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.66M |
| 3 |
LA
LexAurum Advisors
Overland Park,
Kansas
|
-$1M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$921K |
| 5 |
MG
Marex Group
London,
|
-$751K |
NMCO Hedge Fund Activity: Q1 2024 in Review
56 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q1 2024, worth a combined $99M — down 4% from $103M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of NMCO and 13 opened new positions — a net loss of 5 holders — while 12 trimmed existing stakes and 21 added.
The largest buyer was Robinson Capital Management, adding an estimated $2.96M. The largest seller was Morgan Stanley, cutting an estimated $15M.
- 56 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q1 2024, down from 61 in Q4 2023.
- Funds reported $99M of Nuveen Municipal Credit Opportunities Fund stock for Q1 2024, down 4% quarter-over-quarter.
- 13 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q1 2024 and 18 closed out, a net change of -5 holders.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q1 2024 was Robinson Capital Management, an estimated $2.96M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q1 2024 was Morgan Stanley, an estimated $15M sold.
Based on aggregated 13F filings for Q1 2024.