Nuveen Municipal Value Fund
226 hedge funds and large institutions have $405M invested in Nuveen Municipal Value Fund in 2023 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 61 increasing their positions, 79 reducing their positions, and 28 closing their positions.
43% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 28
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
15% more capital invested
Capital invested by funds: $352M → $405M (+$53.8M)
5% more funds holding
Funds holding: 216 → 226 (+10)
2.18% more ownership
Funds ownership: 20.52% → 22.71% (+2.2%)
23% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 79
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$13.2M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$10.1M |
| 3 |
RVPG
Relative Value Partners Group
|
+$7.18M |
| 4 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$3.83M |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$2.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$7.23M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$4.85M |
| 3 |
JFGIW
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
|
-$1.9M |
| 4 |
BHWM
Bar Harbor Wealth Management
Concord,
New Hampshire
|
-$1.86M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.7M |
NUV Hedge Fund Activity: Q4 2023 in Review
226 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Value Fund (NUV) for Q4 2023, worth a combined $405M — up 15% from $352M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new NUV positions and 28 closed out — a net gain of 12 holders — while 61 added to existing stakes and 79 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $13.2M. The largest seller was Raymond James & Associates, cutting an estimated $7.23M.
- 226 institutional investors held Nuveen Municipal Value Fund (NUV) as of Q4 2023, up from 216 in Q3 2023.
- Funds reported $405M of Nuveen Municipal Value Fund stock for Q4 2023, up 15% quarter-over-quarter.
- 40 funds opened new Nuveen Municipal Value Fund positions in Q4 2023 and 28 closed out, a net change of +12 holders.
- The largest Nuveen Municipal Value Fund buyer in Q4 2023 was Rivernorth Capital Management, an estimated $13.2M added.
- The largest Nuveen Municipal Value Fund seller in Q4 2023 was Raymond James & Associates, an estimated $7.23M sold.
Based on aggregated 13F filings for Q4 2023.