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Nuveen Municipal Credit Income Fund
NZF

117 hedge funds and large institutions have $246M invested in Nuveen Municipal Credit Income Fund in 2017 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 34 increasing their positions, 29 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 29

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 16

0.77% less ownership

Funds ownership: 12.44% → 11.67% (-0.77%)

1% less funds holding

Funds holding: 118 → 117 (-1)

5% less capital invested

Capital invested by funds: $257M → $246M (-$11.7M)

Holders
117
Holders Change
-1
Holders Change %
-0.85%
% of All Funds
2.91%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
16
Increased
34
Reduced
29
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Stifel Financial
Stifel Financial
Missouri
+$3.35M
2
UBS Group
UBS Group
Switzerland
+$3.31M
3
FFA
First Foundation Advisors
California
+$1.37M
4
Ameriprise
Ameriprise
Minnesota
+$1.07M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$615K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$10.8M
2
KIM
Karpus Investment Management
New York
-$7.08M
3
RCM
Rivernorth Capital Management
Florida
-$2.87M
4
HighTower Advisors
HighTower Advisors
Illinois
-$1.44M
5
Bank of America
Bank of America
North Carolina
-$1.19M
Name Holding Trade Value Shares
Change 		Change in
Stake
TIM
26
Tortoise Investment Management
New York
$1.94M -$670K -47,005 -26%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$1.92M -$11.5K -803 -0.6%
VC
28
Vicus Capital
Pennsylvania
$1.77M -$858K -60,136 -33%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$1.58M +$6.45K +452 +0.4%
Northwestern Mutual Wealth Management
30
Northwestern Mutual Wealth Management
Wisconsin
$1.25M +$308K +21,627 +33%
WKWM
31
Walter & Keenan Wealth Management
Indiana
$1.21M – – –
NCM
32
Narwhal Capital Management
Georgia
$1.09M – – –
Ameriprise
33
Ameriprise
Minnesota
$1.08M +$1.07M +75,214 New
LCM
34
Landscape Capital Management
New Jersey
$1.07M +$313K +21,936 +41%
HK
35
Horizon Kinetics
New York
$1.07M +$12.9K +907 +1%
First Trust Advisors
36
First Trust Advisors
Illinois
$1.03M +$59.5K +4,175 +6%
SFWA
37
Summit Financial Wealth Advisors
Louisiana
$1M +$83K +5,819 +9%
TCM
38
Tradewinds Capital Management
Washington
$982K – – –
BFEC
39
Benjamin F. Edwards & Company
Missouri
$970K +$171K +11,962 +22%
Creative Planning
40
Creative Planning
Kansas
$867K -$53.2K -3,728 -6%
NPC
41
National Planning Corporation
California
$864K +$2.45K +172 +0.3%
DLG
42
Daniel L. Goodwin
$836K – – –
ICA
43
Infrastructure Capital Advisors
New York
$817K – – –
SWP
44
Stratos Wealth Partners
Ohio
$750K -$61.6K -4,320 -8%
CBTWT
45
Community Bank & Trust (Waco, Texas)
Texas
$715K – – –
GEM
46
Global Endowment Management
North Carolina
$652K – – –
AIA
47
Allegis Investment Advisors
Idaho
$616K – – –
AG
48
Advisor Group
Arizona
$585K +$99.6K +6,987 +21%
NL
49
NWAM LLC
Washington
$583K +$54.9K +3,850 +11%
AWA
50
Arete Wealth Advisors
Illinois
$547K -$70.7K -4,955 -12%
1
2
3 4 5

NZF Hedge Fund Activity: Q1 2017 in Review

117 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q1 2017, worth a combined $246M — down 4.5% from $257M a quarter earlier.

Fund positioning in NZF was balanced in Q1 2017: 16 funds opened new positions, 16 closed out, 34 added to existing stakes and 29 trimmed.

The largest buyer was Stifel Financial, adding an estimated $3.35M. The largest seller was Wells Fargo, cutting an estimated $10.8M.

  • 117 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q1 2017, down from 118 in Q4 2016.
  • Funds reported $246M of Nuveen Municipal Credit Income Fund stock for Q1 2017, down 4.5% quarter-over-quarter.
  • 16 funds opened new Nuveen Municipal Credit Income Fund positions in Q1 2017 and 16 closed out, a net change of 0 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q1 2017 was Stifel Financial, an estimated $3.35M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q1 2017 was Wells Fargo, an estimated $10.8M sold.

Based on aggregated 13F filings for Q1 2017.