Nuveen Municipal Credit Opportunities Fund
NMCO
36 hedge funds and large institutions have $80.6M invested in Nuveen Municipal Credit Opportunities Fund in 2021 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 6 reducing their positions, and 7 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 6
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
9% more funds holding
Funds holding: 33 → 36 (+3)
5% less capital invested
Capital invested by funds: $84.6M → $80.6M (-$4M)
3.11% less ownership
Funds ownership: 13.89% → 10.78% (-3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$10.5M |
| 2 |
Cohen & Steers
New York
|
+$2.44M |
| 3 |
Goldman Sachs
New York
|
+$1.48M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.08M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$26.9M |
| 2 |
Millennium Management
New York
|
-$852K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$722K |
| 4 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
-$462K |
| 5 |
GSEP
Golden State Equity Partners
South Coast Metro,
California
|
-$434K |
NMCO Hedge Fund Activity: Q1 2021 in Review
36 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q1 2021, worth a combined $80.6M — down 4.7% from $84.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NMCO positions and 7 closed out — a net gain of 3 holders — while 18 added to existing stakes and 6 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $10.5M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $26.9M sold.
- 36 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q1 2021, up from 33 in Q4 2020.
- Funds reported $80.6M of Nuveen Municipal Credit Opportunities Fund stock for Q1 2021, down 4.7% quarter-over-quarter.
- 10 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q1 2021 and 7 closed out, a net change of +3 holders.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q1 2021 was Morgan Stanley, an estimated $10.5M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q1 2021 was Rivernorth Capital Management, an estimated $26.9M sold.
Based on aggregated 13F filings for Q1 2021.