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Nuveen Municipal High Income Opportunity Fund
NMZ

130 hedge funds and large institutions have $189M invested in Nuveen Municipal High Income Opportunity Fund in 2025 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 45 increasing their positions, 28 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 28

38% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 13

3% more funds holding

Funds holding: 126 → 130 (+4)

4% more capital invested

Capital invested by funds: $181M → $189M (+$7.95M)

0.53% more ownership

Funds ownership: 15.11% → 15.63% (+0.53%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
130
Holders Change
+4
Holders Change %
+3.17%
% of All Funds
1.74%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
18
Increased
45
Reduced
28
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.57M
2
Raymond James Financial
Raymond James Financial
Florida
+$1.44M
3
JWCA
J.W. Cole Advisors
Florida
+$1,000K
4
Morgan Stanley
Morgan Stanley
New York
+$970K
5
SXL
Summit X LLC
Missouri
+$941K

Top Sellers

Rank Fund Capital Flow
1
VanEck Associates
VanEck Associates
New York
-$923K
2
NWMP
Noble Wealth Management PBC
Colorado
-$713K
3
KeyBank National Association
KeyBank National Association
Ohio
-$663K
4
GC
Guggenheim Capital
Illinois
-$490K
5
Invesco
Invesco
Georgia
-$410K
Name Holding Trade Value Shares
Change 		Change in
Stake
LA
51
LexAurum Advisors
Kansas
$609K +$619K +55,814 New
FFN
52
Focus Financial Network
Minnesota
$587K -$66.1K -5,959 -10%
Stifel Financial
53
Stifel Financial
Missouri
$571K +$11.1K +1,000 +2%
IAS
54
Insigneo Advisory Services
Florida
$532K – – –
CWP
55
Core Wealth Partners
California
$485K – – –
Janney Montgomery Scott
56
Janney Montgomery Scott
Pennsylvania
$447K +$80.6K +7,265 +22%
EAM
57
Everstar Asset Management
North Carolina
$436K -$27.8K -2,506 -6%
MOS
58
MGO One Seven
Ohio
$421K +$149K +13,424 +53%
Susquehanna International Group
59
Susquehanna International Group
Pennsylvania
$411K +$418K +37,710 New
ICMP
60
Integrated Capital Management (Pennsylvania)
Pennsylvania
$410K +$13.2K +1,190 +3%
AGA
61
Arkos Global Advisors
Texas
$377K -$24.6K -2,222 -6%
IFG
62
Independent Financial Group
California
$371K -$222K -20,010 -37%
IWA
63
IBEX Wealth Advisors
New Jersey
$368K – – –
CIA
64
Capital Investment Advisors
Georgia
$363K -$27.7K -2,500 -7%
PAG
65
Private Advisor Group
New Jersey
$349K – – –
WS
66
Wedbush Securities
California
$332K +$51.8K +4,669 +18%
ARC
67
Advisor Resource Council
Texas
$295K +$300K +27,025 New
EWA
68
EQ Wealth Advisors
Texas
$282K – – –
EC
69
Elequin Capital
New York
$257K -$23.5K -2,123 -8%
T
70
Transce3nd
Texas
$244K – – –
MWM
71
Melfa Wealth Management
Massachusetts
$243K – – –
SPWG
72
Sage Private Wealth Group
Illinois
$207K – – –
EE
73
EWG Elevate
California
$194K +$47.7K +4,300 +32%
Creative Planning
74
Creative Planning
Kansas
$191K +$195K +17,546 New
KA
75
Kercheville Advisors
Texas
$191K +$155 +14 +0.1%
1 2
3
4 5

NMZ Hedge Fund Activity: Q1 2025 in Review

130 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal High Income Opportunity Fund (NMZ) for Q1 2025, worth a combined $189M — up 4.4% from $181M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NMZ positions and 13 closed out — a net gain of 5 holders — while 45 added to existing stakes and 28 trimmed.

The largest buyer was Hennion & Walsh Asset Management, adding an estimated $1.57M. The largest seller was VanEck Associates, cutting an estimated $923K.

  • 130 institutional investors held Nuveen Municipal High Income Opportunity Fund (NMZ) as of Q1 2025, up from 126 in Q4 2024.
  • Funds reported $189M of Nuveen Municipal High Income Opportunity Fund stock for Q1 2025, up 4.4% quarter-over-quarter.
  • 18 funds opened new Nuveen Municipal High Income Opportunity Fund positions in Q1 2025 and 13 closed out, a net change of +5 holders.
  • The largest Nuveen Municipal High Income Opportunity Fund buyer in Q1 2025 was Hennion & Walsh Asset Management, an estimated $1.57M added.
  • The largest Nuveen Municipal High Income Opportunity Fund seller in Q1 2025 was VanEck Associates, an estimated $923K sold.

Based on aggregated 13F filings for Q1 2025.