Nuveen Municipal Credit Income Fund
243 hedge funds and large institutions have $449M invested in Nuveen Municipal Credit Income Fund in 2025 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 72 increasing their positions, 73 reducing their positions, and 19 closing their positions.
26% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 19
0% more funds holding
Funds holding: 242 → 243 (+1)
1% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 73
1.04% less ownership
Funds ownership: 20.46% → 19.42% (-1%)
7% less capital invested
Capital invested by funds: $485M → $449M (-$36.1M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.51M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.97M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.96M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$1.47M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$17.8M |
| 2 |
RC
Rareview Capital
Las Vegas,
Nevada
|
-$4.6M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$3.29M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.6M |
| 5 |
Pathstone Holdings
Englewood,
New Jersey
|
-$1.37M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TC
251
TownSquare Capital
Provo,
Utah
| – | -$226K | -18,489 | Closed |
|
|
SQA
252
Simon Quick Advisors
Morristown,
New Jersey
| – | -$195K | -15,962 | Closed |
|
|
KA
253
Kovack Advisors
Ft. Lauderdale,
Florida
| – | -$185K | -15,143 | Closed |
|
254
Citadel Advisors
Miami,
Florida
| – | -$142K | -11,573 | Closed |
|
255
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$139K | -11,001 | Closed |
|
256
Walleye Capital
New York
| – | -$134K | -10,961 | Closed |
|
|
BCA
257
Bay Colony Advisors
Concord,
Massachusetts
| – | -$125K | -10,298 | Closed |
|
|
CWC
258
Carolinas Wealth Consulting
Charlotte,
North Carolina
| – | -$108K | -8,816 | Closed |
|
|
CFB
259
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$66.3K | -5,422 | Closed |
|
|
CCM
260
Coldstream Capital Management
Bellevue,
Washington
| – | -$15.1K | -1,238 | Closed |
|
|
SIM
261
Synergy Investment Management
Altamonte Springs,
Florida
| – | -$12.7K | -1,038 | Closed |
|
|
PWA
262
Physician Wealth Advisors
Midvale,
Utah
| – | -$7.34K | -600 | Closed |
|
|
TF
263
Tompkins Financial
Ithaca,
New York
| – | -$5.87K | -480 | Closed |
|
NZF Hedge Fund Activity: Q2 2025 in Review
243 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q2 2025, worth a combined $449M — down 7.4% from $485M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new NZF positions and 19 closed out — a net gain of 5 holders — while 72 added to existing stakes and 73 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.51M. The largest seller was Rivernorth Capital Management, cutting an estimated $17.8M.
- 243 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q2 2025, up from 242 in Q1 2025.
- Funds reported $449M of Nuveen Municipal Credit Income Fund stock for Q2 2025, down 7.4% quarter-over-quarter.
- 24 funds opened new Nuveen Municipal Credit Income Fund positions in Q2 2025 and 19 closed out, a net change of +5 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q2 2025 was Morgan Stanley, an estimated $3.51M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q2 2025 was Rivernorth Capital Management, an estimated $17.8M sold.
Based on aggregated 13F filings for Q2 2025.