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Nuveen Municipal High Income Opportunity Fund
NMZ

122 hedge funds and large institutions have $144M invested in Nuveen Municipal High Income Opportunity Fund in 2023 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 45 increasing their positions, 31 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 31

14% more capital invested

Capital invested by funds: $127M → $144M (+$17.2M)

1.29% more ownership

Funds ownership: 11.72% → 13% (+1.3%)

4% less funds holding

Funds holding: 127 → 122 (-5)

15% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 20

Holders
122
Holders Change
-5
Holders Change %
-3.94%
% of All Funds
1.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
45
Reduced
31
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
WP
Woodline Partners
California
+$8.53M
2
Morgan Stanley
Morgan Stanley
New York
+$2.62M
3
RCM
Robinson Capital Management
Michigan
+$1.9M
4
VanEck Associates
VanEck Associates
New York
+$1.48M
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$1.12M

Top Sellers

1
WAM
Weiss Asset Management
Massachusetts
-$2.69M
2
AWS
Atria Wealth Solutions
New York
-$1.93M
3
Bank of America
Bank of America
North Carolina
-$1.07M
4
LSC
Logan Stone Capital
Illinois
-$709K
5
BAM
Belpointe Asset Management
Nevada
-$467K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$21M +$301K +28,498 +1%
Morgan Stanley
2
Morgan Stanley
New York
$19.3M +$2.62M +247,906 +16%
GC
3
Guggenheim Capital
Illinois
$9.86M +$1.09M +102,948 +13%
WP
4
Woodline Partners
California
$8.71M +$8.53M +806,944 New
VanEck Associates
5
VanEck Associates
New York
$5.31M +$1.48M +140,189 +40%
Osaic Holdings
6
Osaic Holdings
Arizona
$4.68M +$374K +35,423 +9%
OIA
7
OneDigital Investment Advisors
Kansas
$4.58M +$399K +37,717 +10%
LPL Financial
8
LPL Financial
California
$4.07M -$134K -12,698 -3%
Wells Fargo
9
Wells Fargo
California
$3.93M +$712K +67,386 +23%
MPW
10
Melone Private Wealth
Michigan
$3.66M +$288K +27,267 +9%
RJA
11
Raymond James & Associates
Florida
$3.42M +$171K +16,139 +5%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$2.87M +$600K +56,798 +27%
Bank of America
13
Bank of America
North Carolina
$2.71M -$1.07M -100,803 -29%
Stifel Financial
14
Stifel Financial
Missouri
$2.46M +$275 +26 +0%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$2.25M +$175K +16,512 +9%
HNWAG
16
High Net Worth Advisory Group
Florida
$2.01M +$38.1K +3,607 +2%
Envestnet Asset Management
17
Envestnet Asset Management
Illinois
$1.94M +$861K +81,471 +83%
CCWA
18
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$1.91M +$2.22K +210 +0.1%
RCM
19
Robinson Capital Management
Michigan
$1.91M +$1.9M +179,830 New
Rockefeller Capital Management
20
Rockefeller Capital Management
New York
$1.85M +$1.12M +105,886 +161%
KAS
21
Kestra Advisory Services
Texas
$1.84M +$107K +10,099 +6%
FAIM
22
Financial Advocates Investment Management
Washington
$1.75M -$70.8K -6,699 -4%
AWM
23
AE Wealth Management
Kansas
$1.47M +$59.5K +5,633 +4%
Ameriprise
24
Ameriprise
Minnesota
$1.46M -$120K -11,399 -8%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$1.38M -$108K -10,218 -7%
1
2 3 4 5

NMZ Hedge Fund Activity: Q1 2023 in Review

122 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal High Income Opportunity Fund (NMZ) for Q1 2023, worth a combined $144M — up 14% from $127M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of NMZ and 17 opened new positions — a net loss of 3 holders — while 31 trimmed existing stakes and 45 added.

The largest buyer was Woodline Partners, opening a new position worth an estimated $8.53M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $2.69M sold.

  • 122 institutional investors held Nuveen Municipal High Income Opportunity Fund (NMZ) as of Q1 2023, down from 127 in Q4 2022.
  • Funds reported $144M of Nuveen Municipal High Income Opportunity Fund stock for Q1 2023, up 14% quarter-over-quarter.
  • 17 funds opened new Nuveen Municipal High Income Opportunity Fund positions in Q1 2023 and 20 closed out, a net change of -3 holders.
  • The largest Nuveen Municipal High Income Opportunity Fund buyer in Q1 2023 was Woodline Partners, an estimated $8.53M added.
  • The largest Nuveen Municipal High Income Opportunity Fund seller in Q1 2023 was Weiss Asset Management, an estimated $2.69M sold.

Based on aggregated 13F filings for Q1 2023.