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Nuveen Municipal High Income Opportunity Fund
NMZ

127 hedge funds and large institutions have $178M invested in Nuveen Municipal High Income Opportunity Fund in 2025 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 25 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 25

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.09% less ownership

Funds ownership: 15.63% → 15.55% (-0.09%)

6% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 16

2% less funds holding

Funds holding: 130 → 127 (-3)

6% less capital invested

Capital invested by funds: $189M → $178M (-$10.4M)

Holders
127
Holders Change
-3
Holders Change %
-2.31%
% of All Funds
1.67%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
15
Increased
47
Reduced
25
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Stifel Financial
Stifel Financial
Missouri
+$2.18M
2
OIA
OneDigital Investment Advisors
Kansas
+$1.59M
3
LPL Financial
LPL Financial
California
+$991K
4
RPCA
Running Point Capital Advisors
California
+$846K
5
Truist Financial
Truist Financial
North Carolina
+$801K

Top Sellers

Rank Fund Capital Flow
1
AWS
Atria Wealth Solutions
New York
-$3.71M
2
PAS
Park Avenue Securities
New York
-$1.95M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.69M
4
SXL
Summit X LLC
Missouri
-$899K
5
UBS Group
UBS Group
Switzerland
-$545K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
101
Citadel Advisors
Florida
$109K -$60.5K -5,838 -36%
SCM
102
Sage Capital Management
New Jersey
$109K – – –
SCA
103
Snowden Capital Advisors
New York
$107K – – –
CCG
104
Ceeto Capital Group
Florida
$104K – – –
CRI
105
Colonial River Investments
Virginia
$104K +$104K +10,000 New
IA
106
Intellus Advisors
Florida
$104K – – –
AWM
107
Axxcess Wealth Management
California
$104K +$104K +10,000 New
DWM
108
Diversify Wealth Management
Utah
$101K – – –
BCMLT
109
Beacon Capital Management LLC (Tennessee)
Tennessee
$69.7K – – –
NEWAS
110
N.E.W. Advisory Services
Wisconsin
$62.2K – – –
FFA
111
Farther Finance Advisors
California
$34.7K – – –
US Bancorp
112
US Bancorp
Minnesota
$31.1K -$16.6K -1,600 -35%
CA
113
CoreCap Advisors
Michigan
$28.5K – – –
Comerica Bank
114
Comerica Bank
Texas
$23.3K – – –
Carson Wealth (CWM LLC)
115
Carson Wealth (CWM LLC)
Nebraska
$20K – – –
CAM
116
Creekmur Asset Management
Illinois
$19K – – –
WB
117
Webster Bank
Connecticut
$15.6K – – –
PTC
118
Private Trust Company
Ohio
$12.4K – – –
SIS
119
Sound Income Strategies
Florida
$11K +$207 +20 +2%
MCM
120
Manchester Capital Management
Vermont
$10.4K – – –
TCOT
121
Trust Company of Toledo
Ohio
$10.4K +$10.4K +1,000 New
IA
122
IFP Advisors
Florida
$7.26K – – –
CBT
123
CoreFirst Bank & Trust
Kansas
$4.18K +$4.18K +403 New
AAP
124
Arax Advisory Partners
Colorado
$3.52K – – –
GRP
125
Global Retirement Partners
California
$3.41K +$3.41K +329 New
2 3 4
5
6

NMZ Hedge Fund Activity: Q2 2025 in Review

127 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal High Income Opportunity Fund (NMZ) for Q2 2025, worth a combined $178M — down 5.5% from $189M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of NMZ and 15 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 47 added.

The largest buyer was Stifel Financial, adding an estimated $2.18M. The largest seller was Atria Wealth Solutions, exiting entirely with an estimated $3.71M sold.

  • 127 institutional investors held Nuveen Municipal High Income Opportunity Fund (NMZ) as of Q2 2025, down from 130 in Q1 2025.
  • Funds reported $178M of Nuveen Municipal High Income Opportunity Fund stock for Q2 2025, down 5.5% quarter-over-quarter.
  • 15 funds opened new Nuveen Municipal High Income Opportunity Fund positions in Q2 2025 and 16 closed out, a net change of -1 holder.
  • The largest Nuveen Municipal High Income Opportunity Fund buyer in Q2 2025 was Stifel Financial, an estimated $2.18M added.
  • The largest Nuveen Municipal High Income Opportunity Fund seller in Q2 2025 was Atria Wealth Solutions, an estimated $3.71M sold.

Based on aggregated 13F filings for Q2 2025.