Nuveen Municipal Credit Opportunities Fund
NMCO
39 hedge funds and large institutions have $101M invested in Nuveen Municipal Credit Opportunities Fund in 2021 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 7 reducing their positions, and 8 closing their positions.
186% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 7
4% more capital invested
Capital invested by funds: $97.1M → $101M (+$3.46M)
0.69% more ownership
Funds ownership: 11.8% → 12.49% (+0.69%)
3% less funds holding
Funds holding: 40 → 39 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$5.78M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.93M |
| 3 |
Cohen & Steers
New York
|
+$1.19M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.07M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$971K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$4.11M |
| 2 |
Morgan Stanley
New York
|
-$3.46M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$518K |
| 4 |
GSEP
Golden State Equity Partners
South Coast Metro,
California
|
-$517K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$369K |
NMCO Hedge Fund Activity: Q3 2021 in Review
39 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q3 2021, worth a combined $101M — up 3.6% from $97.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NMCO and 7 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 20 added.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $5.78M. The largest seller was Robinson Capital Management, cutting an estimated $4.11M.
- 39 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q3 2021, down from 40 in Q2 2021.
- Funds reported $101M of Nuveen Municipal Credit Opportunities Fund stock for Q3 2021, up 3.6% quarter-over-quarter.
- 7 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q3 2021 and 8 closed out, a net change of -1 holder.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q3 2021 was Penserra Capital Management, an estimated $5.78M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q3 2021 was Robinson Capital Management, an estimated $4.11M sold.
Based on aggregated 13F filings for Q3 2021.