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Nuveen Municipal Credit Income Fund
NZF

135 hedge funds and large institutions have $215M invested in Nuveen Municipal Credit Income Fund in 2017 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 26 increasing their positions, 41 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 13

11% more funds holding

Funds holding: 122 → 135 (+13)

0.94% less ownership

Funds ownership: 10.61% → 9.67% (-0.94%)

9% less capital invested

Capital invested by funds: $235M → $215M (-$20.2M)

37% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 41

Holders
135
Holders Change
+13
Holders Change %
+10.66%
% of All Funds
3.06%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
26
Increased
26
Reduced
41
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$879K
2
SEI Investments
SEI Investments
Pennsylvania
+$818K
3
AG
Advisor Group
Arizona
+$783K
4
SIA
Sit Investment Associates
Minnesota
+$665K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$418K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$14.4M
2
GC
Guggenheim Capital
Illinois
-$3.45M
3
PPA
Parametric Portfolio Associates
Washington
-$3.27M
4
Morgan Stanley
Morgan Stanley
New York
-$2.45M
5
NPC
National Planning Corporation
California
-$873K
Name Holding Trade Value Shares
Change 		Change in
Stake
HighTower Advisors
26
HighTower Advisors
Illinois
$1.46M -$42.4K -2,792 -3%
First Trust Advisors
27
First Trust Advisors
Illinois
$1.46M -$14.7K -967 -1%
AG
28
Advisor Group
Arizona
$1.45M +$783K +51,584 +119%
TIM
29
Tortoise Investment Management
New York
$1.42M – – –
CC
30
Claybrook Capital
Massachusetts
$1.41M +$1.41M +92,575 New
WKWM
31
Walter & Keenan Wealth Management
Indiana
$1.31M – – –
PNC Financial Services Group
32
PNC Financial Services Group
Pennsylvania
$1.18M -$37.2K -2,449 -3%
RJFSA
33
Raymond James Financial Services Advisors
Florida
$1.1M -$214K -14,077 -16%
SFWA
34
Summit Financial Wealth Advisors
Louisiana
$1.05M – – –
Creative Planning
35
Creative Planning
Kansas
$1.04M -$3.83K -252 -0.4%
NCM
36
Narwhal Capital Management
Georgia
$1.04M -$66K -4,347 -6%
HK
37
Horizon Kinetics
New York
$1.04M -$18.2K -1,200 -2%
DLG
38
Daniel L. Goodwin
$962K – – –
FFA
39
First Foundation Advisors
California
$959K +$93.4K +6,152 +11%
ICA
40
Infrastructure Capital Advisors
New York
$866K – – –
TCM
41
Tradewinds Capital Management
Washington
$846K -$204K -13,432 -19%
AWA
42
Arete Wealth Advisors
Illinois
$838K +$77.5K +5,106 +10%
SEI Investments
43
SEI Investments
Pennsylvania
$821K +$818K +53,852 New
SWP
44
Stratos Wealth Partners
Ohio
$814K +$32.5K +2,140 +4%
BFEC
45
Benjamin F. Edwards & Company
Missouri
$774K -$188K -12,382 -20%
YP
46
Yellowstone Partners
Idaho
$744K -$483K -31,811 -39%
EDRIA
47
Edmonds Duncan Registered Investment Advisors
Kansas
$693K -$20.4K -1,344 -3%
BTS
48
BB&T Securities
Virginia
$675K +$91 +6 +0%
SHCM
49
Stokes & Hubbell Capital Management
Louisiana
$645K +$4.89K +322 +0.8%
SCM
50
Sterneck Capital Management
Missouri
$562K -$378K -24,880 -40%
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NZF Hedge Fund Activity: Q4 2017 in Review

135 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2017, worth a combined $215M — down 8.6% from $235M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new NZF positions and 13 closed out — a net gain of 13 holders — while 26 added to existing stakes and 41 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $879K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $14.4M sold.

  • 135 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2017, up from 122 in Q3 2017.
  • Funds reported $215M of Nuveen Municipal Credit Income Fund stock for Q4 2017, down 8.6% quarter-over-quarter.
  • 26 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2017 and 13 closed out, a net change of +13 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q4 2017 was Royal Bank of Canada, an estimated $879K added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q4 2017 was Laurion Capital Management, an estimated $14.4M sold.

Based on aggregated 13F filings for Q4 2017.