Nuveen Municipal Credit Opportunities Fund
NMCO
54 hedge funds and large institutions have $84M invested in Nuveen Municipal Credit Opportunities Fund in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
17% more funds holding
Funds holding: 46 → 54 (+8)
0% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 14
0.56% less ownership
Funds ownership: 16.81% → 16.25% (-0.56%)
13% less capital invested
Capital invested by funds: $97M → $84M (-$13M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.74M |
| 2 |
Millennium Management
New York
|
+$931K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$821K |
| 4 |
LA
LexAurum Advisors
Overland Park,
Kansas
|
+$415K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$334K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$2.73M |
| 2 |
Cohen & Steers
New York
|
-$2.69M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.32M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$922K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$385K |
NMCO Hedge Fund Activity: Q3 2023 in Review
54 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q3 2023, worth a combined $84M — down 13% from $97M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NMCO positions and 6 closed out — a net gain of 8 holders — while 14 added to existing stakes and 14 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.74M. The largest seller was VanEck Associates, exiting entirely with an estimated $2.73M sold.
- 54 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q3 2023, up from 46 in Q2 2023.
- Funds reported $84M of Nuveen Municipal Credit Opportunities Fund stock for Q3 2023, down 13% quarter-over-quarter.
- 14 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q3 2023 and 6 closed out, a net change of +8 holders.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q3 2023 was Morgan Stanley, an estimated $1.74M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q3 2023 was VanEck Associates, an estimated $2.73M sold.
Based on aggregated 13F filings for Q3 2023.