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Nuveen Municipal High Income Opportunity Fund
NMZ

132 hedge funds and large institutions have $171M invested in Nuveen Municipal High Income Opportunity Fund in 2023 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 37 increasing their positions, 35 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 12

39% more capital invested

Capital invested by funds: $123M → $171M (+$47.8M)

17% more funds holding

Funds holding: 113 → 132 (+19)

3.63% more ownership

Funds ownership: 12.04% → 15.67% (+3.6%)

6% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 35

Holders
132
Holders Change
+19
Holders Change %
+16.81%
% of All Funds
1.92%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
33
Increased
37
Reduced
35
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$17.4M
2
LCM
Landscape Capital Management
New Jersey
+$3.61M
3
RCM
Robinson Capital Management
Michigan
+$3.19M
4
Wells Fargo
Wells Fargo
California
+$1.83M
5
RJA
Raymond James & Associates
Florida
+$1.79M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$2.18M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$1.65M
3
MFG
Merit Financial Group
Georgia
-$1.06M
4
LPL Financial
LPL Financial
California
-$824K
5
Stifel Financial
Stifel Financial
Missouri
-$536K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$38.2M +$17.4M +1,864,473 +93%
UBS Group
2
UBS Group
Switzerland
$15.2M -$2.18M -233,542 -13%
GC
3
Guggenheim Capital
Illinois
$11.4M +$384K +41,177 +4%
VanEck Associates
4
VanEck Associates
New York
$7.86M +$1.75M +187,601 +31%
Wells Fargo
5
Wells Fargo
California
$6.12M +$1.83M +196,426 +46%
GP
6
Gridiron Partners
Pennsylvania
$4.97M +$4.69M +502,715 New
RJA
7
Raymond James & Associates
Florida
$4.64M +$1.79M +191,485 +69%
MPW
8
Melone Private Wealth
Michigan
$4.58M +$985K +105,573 +29%
OIA
9
OneDigital Investment Advisors
Kansas
$4.32M +$32.1K +3,434 +0.8%
Osaic Holdings
10
Osaic Holdings
Arizona
$4.16M -$306K -32,802 -7%
LCM
11
Landscape Capital Management
New Jersey
$4.12M +$3.61M +386,375 +1,279%
RCM
12
Robinson Capital Management
Michigan
$3.38M +$3.19M +341,384 New
Bank of America
13
Bank of America
North Carolina
$2.92M +$203K +21,781 +8%
LPL Financial
14
LPL Financial
California
$2.86M -$824K -88,264 -23%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$2.43M -$1.65M -177,194 -42%
Envestnet Asset Management
16
Envestnet Asset Management
Illinois
$2.15M +$200K +21,397 +11%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$1.92M +$401K +42,971 +28%
Stifel Financial
18
Stifel Financial
Missouri
$1.84M -$536K -57,472 -24%
Rockefeller Capital Management
19
Rockefeller Capital Management
New York
$1.83M +$172K +18,432 +11%
HNWAG
20
High Net Worth Advisory Group
Florida
$1.81M -$46.3K -4,956 -3%
AWS
21
Atria Wealth Solutions
New York
$1.76M +$288K +30,905 +21%
KAS
22
Kestra Advisory Services
Texas
$1.63M -$18.4K -1,969 -1%
PAS
23
Park Avenue Securities
New York
$1.57M +$187K +20,017 +14%
Baird Financial Group
24
Baird Financial Group
Wisconsin
$1.43M +$321K +34,349 +31%
RJFSA
25
Raymond James Financial Services Advisors
Florida
$1.4M -$283K -30,371 -18%
1
2 3 4 5

NMZ Hedge Fund Activity: Q4 2023 in Review

132 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal High Income Opportunity Fund (NMZ) for Q4 2023, worth a combined $171M — up 39% from $123M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new NMZ positions and 12 closed out — a net gain of 21 holders — while 37 added to existing stakes and 35 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $17.4M. The largest seller was UBS Group, cutting an estimated $2.18M.

  • 132 institutional investors held Nuveen Municipal High Income Opportunity Fund (NMZ) as of Q4 2023, up from 113 in Q3 2023.
  • Funds reported $171M of Nuveen Municipal High Income Opportunity Fund stock for Q4 2023, up 39% quarter-over-quarter.
  • 33 funds opened new Nuveen Municipal High Income Opportunity Fund positions in Q4 2023 and 12 closed out, a net change of +21 holders.
  • The largest Nuveen Municipal High Income Opportunity Fund buyer in Q4 2023 was Morgan Stanley, an estimated $17.4M added.
  • The largest Nuveen Municipal High Income Opportunity Fund seller in Q4 2023 was UBS Group, an estimated $2.18M sold.

Based on aggregated 13F filings for Q4 2023.