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Nuveen Municipal High Income Opportunity Fund
NMZ

41 hedge funds and large institutions have $35.3M invested in Nuveen Municipal High Income Opportunity Fund in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.08% less ownership

Funds ownership: 6.62% → 5.54% (-1.1%)

7% less funds holding

Funds holding: 44 → 41 (-3)

11% less capital invested

Capital invested by funds: $39.5M → $35.3M (-$4.25M)

20% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 15

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
41
Holders Change
-3
Holders Change %
-6.82%
% of All Funds
1.18%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
12
Reduced
15
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$553K
2
Bank of America
Bank of America
North Carolina
+$322K
3
NPC
National Planning Corporation
California
+$294K
4
CBU
CIBC Bank USA
Illinois
+$218K
5
LPL Financial
LPL Financial
California
+$173K

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$3.57M
2
AAM
Advisors Asset Management
Colorado
-$1.56M
3
GC
Guggenheim Capital
Illinois
-$563K
4
Wells Fargo
Wells Fargo
California
-$484K
5
SG Americas Securities
SG Americas Securities
New York
-$383K
Name Holding Trade Value Shares
Change 		Change in
Stake
MFS
26
MSI Financial Services
Massachusetts
$88K -$4.13K -329 -5%
AIG
27
American International Group
New York
$61.7K +$60.9K +4,852 New
Creative Planning
28
Creative Planning
Kansas
$50K -$2.07K -165 -4%
Fifth Third Bancorp
29
Fifth Third Bancorp
Ohio
$48K -$5.64K -450 -11%
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$36K +$36.5K +2,911 New
Citigroup
31
Citigroup
New York
$29K -$41.7K -3,323 -60%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$27K -$1.25K -100 -5%
FIG
33
Fusion Investment Group
Pennsylvania
$19K – – –
Northwestern Mutual Wealth Management
34
Northwestern Mutual Wealth Management
Wisconsin
$19K +$18.8K +1,500 New
WA
35
WFG Advisors
Texas
$17K – – –
M&T Bank
36
M&T Bank
New York
$13K – – –
WA
37
Waverly Advisors
Alabama
$10K – – –
AC
38
Alexandria Capital
Virginia
$9K – – –
JFA
39
JNBA Financial Advisors
Minnesota
$8K +$8.19K +653 New
CG
40
Colony Group
Massachusetts
$2K – – –
BBPWM
41
Blue Bell Private Wealth Management
Pennsylvania
$1K – – –
MSL
42
Mackay Shields LLC
New York
– -$3.57M -297,717 Closed
SG Americas Securities
43
SG Americas Securities
New York
– -$383K -31,913 Closed
VKH
44
Virtu KCG Holdings
New York
– -$365K -30,402 Closed
MIG
45
Mariner Investment Group
New York
– -$298K -24,834 Closed
RFC
46
Regions Financial Corp
Alabama
– -$263K -21,877 Closed
RCM
47
Rivernorth Capital Management
Florida
– -$221K -18,416 Closed
SHWM
48
Smith & Howard Wealth Management
Georgia
– -$24K -2,000 Closed
TRCT
49
Tower Research Capital (TRC)
New York
– -$11K -956 Closed
1
2

NMZ Hedge Fund Activity: Q1 2014 in Review

41 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal High Income Opportunity Fund (NMZ) for Q1 2014, worth a combined $35.3M — down 11% from $39.5M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of NMZ and 5 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 12 added.

The largest buyer was UBS, adding an estimated $553K. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $3.57M sold.

  • 41 institutional investors held Nuveen Municipal High Income Opportunity Fund (NMZ) as of Q1 2014, down from 44 in Q4 2013.
  • Funds reported $35.3M of Nuveen Municipal High Income Opportunity Fund stock for Q1 2014, down 11% quarter-over-quarter.
  • 5 funds opened new Nuveen Municipal High Income Opportunity Fund positions in Q1 2014 and 8 closed out, a net change of -3 holders.
  • The largest Nuveen Municipal High Income Opportunity Fund buyer in Q1 2014 was UBS, an estimated $553K added.
  • The largest Nuveen Municipal High Income Opportunity Fund seller in Q1 2014 was Mackay Shields LLC, an estimated $3.57M sold.

Based on aggregated 13F filings for Q1 2014.