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Nuveen Municipal Credit Opportunities Fund
NMCO

20 hedge funds and large institutions have $36.1M invested in Nuveen Municipal Credit Opportunities Fund in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 6 increasing their positions, 0 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

122% more funds holding

Funds holding: 9 → 20 (+11)

32% more capital invested

Capital invested by funds: $27.3M → $36.1M (+$8.83M)

2.19% more ownership

Funds ownership: 3.74% → 5.93% (+2.2%)

Holders
20
Holders Change
+11
Holders Change %
+122.22%
% of All Funds
0.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
6
Reduced
–
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$4.52M
2
Morgan Stanley
Morgan Stanley
New York
+$3.86M
3
VanEck Associates
VanEck Associates
New York
+$2.29M
4
Truist Financial
Truist Financial
North Carolina
+$1.4M
5
Wells Fargo
Wells Fargo
California
+$574K

Top Sellers

No sellers this quarter
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$18.3M +$3.86M +260,698 +23%
UBS Group
2
UBS Group
Switzerland
$7.97M +$4.52M +305,074 +98%
Wells Fargo
3
Wells Fargo
California
$2.38M +$574K +38,720 +27%
VanEck Associates
4
VanEck Associates
New York
$2M +$2.29M +154,756 New
Truist Financial
5
Truist Financial
North Carolina
$1.23M +$1.4M +94,729 New
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$741K +$336K +22,657 +66%
First Trust Advisors
7
First Trust Advisors
Illinois
$641K +$514K +34,709 +235%
BFA
8
Beaumont Financial Advisors
Massachusetts
$613K – – –
WS
9
Wedbush Securities
California
$473K +$49.4K +3,333 +10%
SWP
10
Stratos Wealth Partners
Ohio
$406K +$464K +31,350 New
Janney Montgomery Scott
11
Janney Montgomery Scott
Pennsylvania
$229K +$262K +17,667 New
BRWM
12
B. Riley Wealth Management
Tennessee
$207K +$236K +15,950 New
Stifel Financial
13
Stifel Financial
Missouri
$179K +$205K +13,868 New
FA
14
Fortis Advisors
Pennsylvania
$130K – – –
WSTAM
15
Wilbanks Smith & Thomas Asset Management
Virginia
$130K – – –
HF
16
HRT Financial
New York
$129K +$148K +10,000 New
TRCT
17
Tower Research Capital (TRC)
New York
$107K +$122K +8,230 New
BBHC
18
Brown Brothers Harriman & Co
New York
$104K +$119K +8,000 New
TJHA
19
Thomas J. Herzfeld Advisors
Florida
$86K +$98.3K +6,637 New
Bank of America
20
Bank of America
North Carolina
$10K +$11.9K +800 New

NMCO Hedge Fund Activity: Q1 2020 in Review

20 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q1 2020, worth a combined $36.1M — up 32% from $27.3M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NMCO positions and 0 closed out — a net gain of 11 holders — while 6 added to existing stakes and 0 trimmed.

The largest buyer was UBS Group, adding an estimated $4.52M.

  • 20 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q1 2020, up from 9 in Q4 2019.
  • Funds reported $36.1M of Nuveen Municipal Credit Opportunities Fund stock for Q1 2020, up 32% quarter-over-quarter.
  • 11 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q1 2020 and 0 closed out, a net change of +11 holders.
  • The largest Nuveen Municipal Credit Opportunities Fund buyer in Q1 2020 was UBS Group, an estimated $4.52M added.

Based on aggregated 13F filings for Q1 2020.