Nuveen Municipal Credit Opportunities Fund
NMCO
70 hedge funds and large institutions have $126M invested in Nuveen Municipal Credit Opportunities Fund in 2024 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 3 closing their positions.
600% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 3
35% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 17
30% more funds holding
Funds holding: 54 → 70 (+16)
5% more capital invested
Capital invested by funds: $120M → $126M (+$6.46M)
2.97% more ownership
Funds ownership: 18.72% → 21.69% (+3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.75M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$9.3M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$2M |
| 4 |
Cohen & Steers
New York
|
+$1.39M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$8.42M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$4.21M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$687K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$502K |
| 5 |
WIA
World Investment Advisors
Santa Barbara,
California
|
-$402K |
NMCO Hedge Fund Activity: Q4 2024 in Review
70 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q4 2024, worth a combined $126M — up 5.4% from $120M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new NMCO positions and 3 closed out — a net gain of 18 holders — while 23 added to existing stakes and 17 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $9.75M. The largest seller was Morgan Stanley, cutting an estimated $8.42M.
- 70 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q4 2024, up from 54 in Q3 2024.
- Funds reported $126M of Nuveen Municipal Credit Opportunities Fund stock for Q4 2024, up 5.4% quarter-over-quarter.
- 21 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q4 2024 and 3 closed out, a net change of +18 holders.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q4 2024 was Rivernorth Capital Management, an estimated $9.75M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q4 2024 was Morgan Stanley, an estimated $8.42M sold.
Based on aggregated 13F filings for Q4 2024.