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Nuveen Municipal Credit Income Fund
NZF

63 hedge funds and large institutions have $119M invested in Nuveen Municipal Credit Income Fund in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

27% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 15

25% more capital invested

Capital invested by funds: $94.9M → $119M (+$23.7M)

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

3.36% more ownership

Funds ownership: 18.87% → 22.24% (+3.4%)

2% more funds holding

Funds holding: 62 → 63 (+1)

Holders
63
Holders Change
+1
Holders Change %
+1.61%
% of All Funds
1.82%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
9
Increased
19
Reduced
15
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$11.6M
2
OHA
Oak Hill Advisors
New York
+$7.37M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$1.95M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$668K
5
PPA
Parametric Portfolio Associates
Washington
+$493K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.38M
2
PRCM
Pine River Capital Management
Minnesota
-$1.02M
3
VAM
Visium Asset Management
New York
-$759K
4
COLIM
City of London Investment Management
United Kingdom
-$576K
5
DA
Doliver Advisors
Texas
-$560K
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
26
TFS Capital
Pennsylvania
$771K +$486K +37,641 +178%
RJA
27
Raymond James & Associates
Florida
$762K +$369K +28,570 +97%
DLG
28
Daniel L. Goodwin
$655K – – –
DA
29
Doliver Advisors
Texas
$572K -$560K -43,454 -50%
VanEck Associates
30
VanEck Associates
New York
$494K +$95K +7,363 +24%
YP
31
Yellowstone Partners
Idaho
$449K – – –
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$447K +$51.6K +4,000 +13%
SIA
33
Sit Investment Associates
Minnesota
$427K – – –
LCM
34
Landscape Capital Management
New Jersey
$389K -$11.9K -919 -3%
RCAG
35
Rehmann Capital Advisory Group
Michigan
$314K – – –
Barclays
36
Barclays
United Kingdom
$281K – – –
FFSOTS
37
Fiduciary Financial Services of The Southwest
Texas
$264K – – –
VC
38
Vicus Capital
Pennsylvania
$207K +$204K +15,829 New
OC
39
Oppenheimer & Co
New York
$194K -$1.53K -119 -0.8%
Stifel Financial
40
Stifel Financial
Missouri
$184K +$181K +14,010 New
Bank of America
41
Bank of America
North Carolina
$171K -$9.67K -750 -5%
DS
42
DRW Securities
Illinois
$170K – – –
PVWM
43
Point View Wealth Management
New Jersey
$160K – – –
AllianceBernstein
44
AllianceBernstein
Tennessee
$143K +$141K +10,937 New
AIG
45
American International Group
New York
$106K +$59.3K +4,600 +133%
Northwestern Mutual Wealth Management
46
Northwestern Mutual Wealth Management
Wisconsin
$101K – – –
WA
47
WFG Advisors
Texas
$48K – – –
Deutsche Bank
48
Deutsche Bank
Germany
$44K – – –
US Bancorp
49
US Bancorp
Minnesota
$41K +$6.77K +525 +20%
WAM
50
Wolverine Asset Management
Illinois
$26K -$31.5K -2,440 -54%
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NZF Hedge Fund Activity: Q1 2014 in Review

63 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q1 2014, worth a combined $119M — up 25% from $94.9M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new NZF positions and 8 closed out — a net gain of 1 holder — while 19 added to existing stakes and 15 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $11.6M. The largest seller was Morgan Stanley, cutting an estimated $1.38M.

  • 63 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q1 2014, up from 62 in Q4 2013.
  • Funds reported $119M of Nuveen Municipal Credit Income Fund stock for Q1 2014, up 25% quarter-over-quarter.
  • 9 funds opened new Nuveen Municipal Credit Income Fund positions in Q1 2014 and 8 closed out, a net change of +1 holder.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q1 2014 was Karpus Investment Management, an estimated $11.6M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q1 2014 was Morgan Stanley, an estimated $1.38M sold.

Based on aggregated 13F filings for Q1 2014.