Nuveen Municipal Credit Opportunities Fund
NMCO
60 hedge funds and large institutions have $107M invested in Nuveen Municipal Credit Opportunities Fund in 2026 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 26 increasing their positions, 11 reducing their positions, and 19 closing their positions.
136% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 11
0.76% less ownership
Funds ownership: 18.98% → 18.22% (-0.76%)
19% less funds holding
Funds holding: 74 → 60 (-14)
25% less capital inflows, than outflows
Capital inflows: $8.06M | Capital outflows: $10.8M
63% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$3.36M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.79M |
| 3 |
Morgan Stanley
New York
|
+$496K |
| 4 |
NWMP
Noble Wealth Management PBC
Greenwood Village,
Colorado
|
+$283K |
| 5 |
MPW
Melone Private Wealth
Auburn Hills,
Michigan
|
+$271K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$1.81M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$1.74M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.43M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.06M |
| 5 |
GP
Gridiron Partners
Wexford,
Pennsylvania
|
-$591K |
NMCO Hedge Fund Activity: Q1 2026 in Review
60 of the 8,211 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Opportunities Fund (NMCO) for Q1 2026, worth a combined $107M — up 0.27% from $106M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of NMCO and 7 opened new positions — a net loss of 12 holders — while 11 trimmed existing stakes and 26 added.
The largest buyer was Raymond James Financial, adding an estimated $3.36M. The largest seller was Jane Street, exiting entirely with an estimated $1.81M sold.
- 60 institutional investors held Nuveen Municipal Credit Opportunities Fund (NMCO) as of Q1 2026, down from 74 in Q4 2025.
- Funds reported $107M of Nuveen Municipal Credit Opportunities Fund stock for Q1 2026, up 0.27% quarter-over-quarter.
- 7 funds opened new Nuveen Municipal Credit Opportunities Fund positions in Q1 2026 and 19 closed out, a net change of -12 holders.
- The largest Nuveen Municipal Credit Opportunities Fund buyer in Q1 2026 was Raymond James Financial, an estimated $3.36M added.
- The largest Nuveen Municipal Credit Opportunities Fund seller in Q1 2026 was Jane Street, an estimated $1.81M sold.
Based on aggregated 13F filings for Q1 2026.