Nuveen Municipal Credit Opportunities Fund
NMCO
54 hedge funds and large institutions have $120M invested in Nuveen Municipal Credit Opportunities Fund in 2024 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 11 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 16
11% more capital invested
Capital invested by funds: $108M → $120M (+$11.5M)
0.8% more ownership
Funds ownership: 17.92% → 18.72% (+0.8%)
8% less funds holding
Funds holding: 59 → 54 (-5)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$10.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.08M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$578K |
| 4 |
WIA
World Investment Advisors
Santa Barbara,
California
|
+$538K |
| 5 |
PI
PFG Investments
Woodbury,
New York
|
+$535K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.72M |
| 2 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$1.6M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$902K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$847K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$764K |
NMCO Hedge Fund Activity: Q3 2024 in Review
54 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q3 2024, worth a combined $120M — up 11% from $108M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NMCO and 6 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 19 added.
The largest buyer was Morgan Stanley, adding an estimated $10.4M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.72M sold.
- 54 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q3 2024, down from 59 in Q2 2024.
- Funds reported $120M of Nuveen Municipal Credit Opportunities Fund stock for Q3 2024, up 11% quarter-over-quarter.
- 6 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q3 2024 and 11 closed out, a net change of -5 holders.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q3 2024 was Morgan Stanley, an estimated $10.4M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q3 2024 was Rivernorth Capital Management, an estimated $1.72M sold.
Based on aggregated 13F filings for Q3 2024.