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Nuveen Municipal High Income Opportunity Fund
NMZ

45 hedge funds and large institutions have $44.8M invested in Nuveen Municipal High Income Opportunity Fund in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 12

31% more capital invested

Capital invested by funds: $34.1M → $44.8M (+$10.6M)

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

2% more funds holding

Funds holding: 44 → 45 (+1)

1.25% more ownership

Funds ownership: 4.96% → 6.21% (+1.3%)

Holders
45
Holders Change
+1
Holders Change %
+2.27%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
16
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$3.39M
2
GC
Guggenheim Capital
Illinois
+$2.36M
3
LPL Financial
LPL Financial
California
+$1.92M
4
RCM
Robinson Capital Management
Michigan
+$1.85M
5
Bank of America
Bank of America
North Carolina
+$1.79M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$684K
2
Wells Fargo
Wells Fargo
California
-$606K
3
IA
IFP Advisors
Florida
-$519K
4
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$214K
5
PA
Planning Alternatives
Michigan
-$189K
Name Holding Trade Value Shares
Change 		Change in
Stake
VC
26
Vicus Capital
Pennsylvania
$225K +$361 +26 +0.2%
Creative Planning
27
Creative Planning
Kansas
$206K +$27.8K +2,000 +16%
RJA
28
Raymond James & Associates
Florida
$192K +$191K +13,712 New
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$181K +$8.91K +641 +5%
SBIA
30
Sheaff Brock Investment Advisors
Indiana
$157K – – –
HK
31
Horizon Kinetics
New York
$155K +$2.7K +194 +2%
HCM
32
Hollencrest Capital Management
California
$144K – – –
VKH
33
Virtu KCG Holdings
New York
$141K -$78.3K -5,638 -36%
AIG
34
American International Group
New York
$127K -$2.78K -200 -2%
RAM
35
Riggs Asset Management
Pennsylvania
$99K – – –
MWM
36
MinichMacGregor Wealth Management
New York
$90K +$90.3K +6,500 New
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$87K +$45.1K +3,244 +108%
MFS
38
MSI Financial Services
Massachusetts
$64K +$347 +25 +0.5%
SNT
39
Security National Trust
West Virginia
$47K +$47.2K +3,396 New
IA
40
IFP Advisors
Florida
$34K -$519K -37,374 -94%
Citigroup
41
Citigroup
New York
$31K – – –
SBL
42
Sargent Bickham Lagudis
Colorado
$13K +$12.5K +897 New
AC
43
Alexandria Capital
Virginia
$10K – – –
JFA
44
JNBA Financial Advisors
Minnesota
$9K – – –
BBPWM
45
Blue Bell Private Wealth Management
Pennsylvania
$1K – – –
Kayne Anderson Rudnick Investment Management
46
Kayne Anderson Rudnick Investment Management
California
– -$214K -15,500 Closed
PA
47
Planning Alternatives
Michigan
– -$189K -13,687 Closed
Northern Trust
48
Northern Trust
Illinois
– -$2K -13,138 Closed
ADL
49
Asset Dedication LLC
California
– -$11K -800 Closed
CG
50
Colony Group
Massachusetts
– -$2K -118 Closed
1
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NMZ Hedge Fund Activity: Q1 2016 in Review

45 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal High Income Opportunity Fund (NMZ) for Q1 2016, worth a combined $44.8M — up 31% from $34.1M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new NMZ positions and 6 closed out — a net gain of 1 holder — while 16 added to existing stakes and 12 trimmed.

The largest buyer was Laurion Capital Management, adding an estimated $3.39M. The largest seller was UBS Group, cutting an estimated $684K.

  • 45 institutional investors held Nuveen Municipal High Income Opportunity Fund (NMZ) as of Q1 2016, up from 44 in Q4 2015.
  • Funds reported $44.8M of Nuveen Municipal High Income Opportunity Fund stock for Q1 2016, up 31% quarter-over-quarter.
  • 7 funds opened new Nuveen Municipal High Income Opportunity Fund positions in Q1 2016 and 6 closed out, a net change of +1 holder.
  • The largest Nuveen Municipal High Income Opportunity Fund buyer in Q1 2016 was Laurion Capital Management, an estimated $3.39M added.
  • The largest Nuveen Municipal High Income Opportunity Fund seller in Q1 2016 was UBS Group, an estimated $684K sold.

Based on aggregated 13F filings for Q1 2016.