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Nuveen Municipal Credit Opportunities Fund
NMCO

60 hedge funds and large institutions have $119M invested in Nuveen Municipal Credit Opportunities Fund in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 18

1.46% less ownership

Funds ownership: 21.69% → 20.23% (-1.5%)

6% less capital invested

Capital invested by funds: $126M → $119M (-$7.61M)

14% less funds holding

Funds holding: 70 → 60 (-10)

60% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 15

Holders
60
Holders Change
-10
Holders Change %
-14.29%
% of All Funds
0.8%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
22
Reduced
18
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$2.59M
2
Cohen & Steers
Cohen & Steers
New York
+$1.41M
3
LPL Financial
LPL Financial
California
+$426K
4
Raymond James Financial
Raymond James Financial
Florida
+$424K
5
Northern Trust
Northern Trust
Illinois
+$416K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$5.21M
2
NMC
Nine Masts Capital
Hong Kong
-$2.48M
3
Morgan Stanley
Morgan Stanley
New York
-$1.95M
4
AGM
Alpine Global Management
New York
-$1.28M
5
LSC
Logan Stone Capital
Illinois
-$946K
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
51
Hollencrest Capital Management
California
$40K – – –
WSFS
52
Wilmington Savings Fund Society
Delaware
$21.4K – – –
BTD
53
BankPlus Trust Department
Mississippi
$21K – – –
SIC
54
Salem Investment Counselors
North Carolina
$17.9K – – –
LFG
55
Larson Financial Group
Missouri
$12.7K +$153 +14 +1%
Northwestern Mutual Wealth Management
56
Northwestern Mutual Wealth Management
Wisconsin
$12.1K -$7.23K -660 -37%
SPIA
57
Steward Partners Investment Advisory
New York
$10.9K – – –
FIA
58
FNY Investment Advisers
New York
$8K +$8.76K +800 New
MCM
59
MAI Capital Management
Ohio
$1.07K – – –
BBPWM
60
Blue Bell Private Wealth Management
Pennsylvania
$1.07K +$1.09K +100 New
NMC
61
Nine Masts Capital
Hong Kong
– -$2.48M -233,908 Closed
AGM
62
Alpine Global Management
New York
– -$1.28M -120,690 Closed
LSC
63
Logan Stone Capital
Illinois
– -$946K -89,203 Closed
Jane Street
64
Jane Street
New York
– -$529K -49,891 Closed
MG
65
Marex Group
– -$462K -43,569 Closed
Nomura Holdings
66
Nomura Holdings
Japan
– -$446K -42,000 Closed
LCM
67
Landscape Capital Management
New Jersey
– -$421K -39,666 Closed
KWA
68
Kingswood Wealth Advisors
California
– -$245K -23,090 Closed
VF
69
Virtu Financial
New York
– -$162K -15,271 Closed
WIA
70
World Investment Advisors
California
– -$120K -11,300 Closed
Truist Financial
71
Truist Financial
North Carolina
– -$113K -10,610 Closed
XT
72
XTX Topco
Cayman Islands
– -$109K -10,254 Closed
WAM
73
Wolverine Asset Management
Illinois
– -$45.2K -4,259 Closed
Carson Wealth (CWM LLC)
74
Carson Wealth (CWM LLC)
Nebraska
– -$3K -255 Closed
Fidelity Investments
75
Fidelity Investments
Massachusetts
– -$11 -1 Closed
1 2
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NMCO Hedge Fund Activity: Q1 2025 in Review

60 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q1 2025, worth a combined $119M — down 6% from $126M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of NMCO and 6 opened new positions — a net loss of 9 holders — while 18 trimmed existing stakes and 22 added.

The largest buyer was Wells Fargo, adding an estimated $2.59M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.21M.

  • 60 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q1 2025, down from 70 in Q4 2024.
  • Funds reported $119M of Nuveen Municipal Credit Opportunities Fund stock for Q1 2025, down 6% quarter-over-quarter.
  • 6 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q1 2025 and 15 closed out, a net change of -9 holders.
  • The largest Nuveen Municipal Credit Opportunities Fund buyer in Q1 2025 was Wells Fargo, an estimated $2.59M added.
  • The largest Nuveen Municipal Credit Opportunities Fund seller in Q1 2025 was Rivernorth Capital Management, an estimated $5.21M sold.

Based on aggregated 13F filings for Q1 2025.