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Nuveen Municipal Credit Income Fund
NZF

62 hedge funds and large institutions have $94.9M invested in Nuveen Municipal Credit Income Fund in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

19% more capital invested

Capital invested by funds: $79.7M → $94.9M (+$15.1M)

9% more funds holding

Funds holding: 57 → 62 (+5)

3.5% more ownership

Funds ownership: 15.37% → 18.87% (+3.5%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

24% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 21

Holders
62
Holders Change
+5
Holders Change %
+8.77%
% of All Funds
1.8%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
15
Increased
16
Reduced
21
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$16.9M
2
OHA
Oak Hill Advisors
New York
+$3.58M
3
GEM
Global Endowment Management
North Carolina
+$2.8M
4
Wells Fargo
Wells Fargo
California
+$2.74M
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$1.84M

Top Sellers

Rank Fund Capital Flow
1
FTCM
Fir Tree Capital Management
New York
-$6.74M
2
CRAM
Claren Road Asset Management
New York
-$5.05M
3
Morgan Stanley
Morgan Stanley
New York
-$1.49M
4
TCM
Texan Capital Management
Texas
-$1.49M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$1.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
VAM
26
Visium Asset Management
New York
$759K +$9.97K +808 +1%
DLG
27
Daniel L. Goodwin
$617K – – –
COLIM
28
City of London Investment Management
United Kingdom
$576K +$482K +39,022 New
ACM
29
Argentus Capital Management
Texas
$503K -$503K -40,765 -50%
SG Americas Securities
30
SG Americas Securities
New York
$476K +$476K +38,543 New
WAM
31
Weiss Asset Management
Massachusetts
$470K +$470K +38,054 New
YP
32
Yellowstone Partners
Idaho
$423K +$423K +34,269 New
SIA
33
Sit Investment Associates
Minnesota
$402K -$123K -10,000 -23%
LCM
34
Landscape Capital Management
New Jersey
$378K +$378K +30,636 New
VanEck Associates
35
VanEck Associates
New York
$375K -$82.2K -6,662 -18%
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$372K +$12.3K +1,000 +3%
RJA
37
Raymond James & Associates
Florida
$365K -$111K -9,027 -23%
RCAG
38
Rehmann Capital Advisory Group
Michigan
$296K – – –
TC
39
TFS Capital
Pennsylvania
$262K -$1.05M -85,435 -80%
Barclays
40
Barclays
United Kingdom
$259K -$111K -9,000 -29%
FFSOTS
41
Fiduciary Financial Services of The Southwest
Texas
$249K -$214K -17,360 -46%
OC
42
Oppenheimer & Co
New York
$184K +$184K +14,938 New
Bank of America
43
Bank of America
North Carolina
$169K -$149K -12,110 -47%
DS
44
DRW Securities
Illinois
$161K +$7.41K +600 +5%
PVWM
45
Point View Wealth Management
New Jersey
$151K +$151K +12,204 New
Northwestern Mutual Wealth Management
46
Northwestern Mutual Wealth Management
Wisconsin
$95K -$26.2K -2,125 -22%
WRM
47
Westport Resources Management
Connecticut
$74K – – –
Creative Planning
48
Creative Planning
Kansas
$64K +$64.3K +5,210 New
WAM
49
Wolverine Asset Management
Illinois
$55K -$269K -21,769 -83%
WA
50
WFG Advisors
Texas
$45K – – –
1
2
3

NZF Hedge Fund Activity: Q4 2013 in Review

62 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2013, worth a combined $94.9M — up 19% from $79.7M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new NZF positions and 9 closed out — a net gain of 6 holders — while 16 added to existing stakes and 21 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $16.9M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $6.74M sold.

  • 62 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2013, up from 57 in Q3 2013.
  • Funds reported $94.9M of Nuveen Municipal Credit Income Fund stock for Q4 2013, up 19% quarter-over-quarter.
  • 15 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2013 and 9 closed out, a net change of +6 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q4 2013 was Karpus Investment Management, an estimated $16.9M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q4 2013 was Fir Tree Capital Management, an estimated $6.74M sold.

Based on aggregated 13F filings for Q4 2013.