Nuveen Municipal Credit Opportunities Fund
NMCO
60 hedge funds and large institutions have $119M invested in Nuveen Municipal Credit Opportunities Fund in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 14 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 18
1.24% less ownership
Funds ownership: 21.47% → 20.23% (-1.2%)
5% less capital invested
Capital invested by funds: $125M → $119M (-$6.33M)
13% less funds holding
Funds holding: 69 → 60 (-9)
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.59M |
| 2 |
Cohen & Steers
New York
|
+$1.41M |
| 3 |
LPL Financial
San Diego,
California
|
+$426K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$424K |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$416K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.21M |
| 2 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$2.48M |
| 3 |
Morgan Stanley
New York
|
-$1.95M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$946K |
| 5 |
Jane Street
New York
|
-$529K |
NMCO Hedge Fund Activity: Q1 2025 in Review
60 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q1 2025, worth a combined $119M — down 5.1% from $125M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NMCO and 6 opened new positions — a net loss of 8 holders — while 18 trimmed existing stakes and 22 added.
The largest buyer was Wells Fargo, adding an estimated $2.59M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.21M.
- 60 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q1 2025, down from 69 in Q4 2024.
- Funds reported $119M of Nuveen Municipal Credit Opportunities Fund stock for Q1 2025, down 5.1% quarter-over-quarter.
- 6 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q1 2025 and 14 closed out, a net change of -8 holders.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q1 2025 was Wells Fargo, an estimated $2.59M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q1 2025 was Rivernorth Capital Management, an estimated $5.21M sold.
Based on aggregated 13F filings for Q1 2025.