Nuveen Municipal Credit Opportunities Fund
NMCO
43 hedge funds and large institutions have $98.2M invested in Nuveen Municipal Credit Opportunities Fund in 2022 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
10% more funds holding
Funds holding: 39 → 43 (+4)
0.95% more ownership
Funds ownership: 12.64% → 13.59% (+0.95%)
7% less capital invested
Capital invested by funds: $105M → $98.2M (-$7.26M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.09M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.7M |
| 3 |
MPW
Melone Private Wealth
Auburn Hills,
Michigan
|
+$2.23M |
| 4 |
Morgan Stanley
New York
|
+$1.53M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$5.85M |
| 2 |
Cohen & Steers
New York
|
-$2.97M |
| 3 |
VanEck Associates
New York
|
-$579K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$370K |
| 5 |
KCPG
Kavar Capital Partners Group
Leawood,
Kansas
|
-$352K |
NMCO Hedge Fund Activity: Q1 2022 in Review
43 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q1 2022, worth a combined $98.2M — down 6.9% from $105M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NMCO positions and 5 closed out — a net gain of 5 holders — while 15 added to existing stakes and 11 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $4.09M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $5.85M sold.
- 43 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q1 2022, up from 39 in Q4 2021.
- Funds reported $98.2M of Nuveen Municipal Credit Opportunities Fund stock for Q1 2022, down 6.9% quarter-over-quarter.
- 10 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q1 2022 and 5 closed out, a net change of +5 holders.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q1 2022 was Rivernorth Capital Management, an estimated $4.09M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q1 2022 was Penserra Capital Management, an estimated $5.85M sold.
Based on aggregated 13F filings for Q1 2022.