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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
PWP
101
Principle Wealth Partners
Connecticut
$120K – – –
CCG
102
Catalina Capital Group
California
$118K – – –
SCM
103
Sage Capital Management
New Jersey
$115K – – –
Cerity Partners
104
Cerity Partners
New York
$114K -$148K -13,386 -56%
SCA
105
Snowden Capital Advisors
New York
$113K – – –
FFA
106
First Foundation Advisors
California
$109K -$15.8K -1,425 -12%
IA
107
Intellus Advisors
Florida
$109K – – –
CCG
108
Ceeto Capital Group
Florida
$109K – – –
DWM
109
Diversify Wealth Management
Utah
$105K – – –
HNB
110
Huntington National Bank
Ohio
$74.2K – – –
BCMLT
111
Beacon Capital Management LLC (Tennessee)
Tennessee
$73.3K +$865 +78 +1%
NEWAS
112
N.E.W. Advisory Services
Wisconsin
$65.5K +$66.5K +6,000 New
US Bancorp
113
US Bancorp
Minnesota
$50.2K +$22.2K +2,000 +77%
MCM
114
MAI Capital Management
Ohio
$46.6K – – –
FFA
115
Farther Finance Advisors
California
$36.5K – – –
CA
116
CoreCap Advisors
Michigan
$30K – – –
Comerica Bank
117
Comerica Bank
Texas
$24.5K – – –
SS
118
Sunbelt Securities
Texas
$21.8K -$133K -12,000 -86%
CCM
119
Chilton Capital Management
Texas
$21.8K +$22.2K +2,000 New
Carson Wealth (CWM LLC)
120
Carson Wealth (CWM LLC)
Nebraska
$21K – – –
CAM
121
Creekmur Asset Management
Illinois
$20K +$20.3K +1,833 New
CFB
122
Cullen/Frost Bankers
Texas
$19K – – –
WB
123
Webster Bank
Connecticut
$16.4K – – –
PTC
124
Private Trust Company
Ohio
$13.1K – – –
SIS
125
Sound Income Strategies
Florida
$11.4K +$11.6K +1,042 New
2 3 4
5
6

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.