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Nuveen Municipal Credit Income Fund
NZF

250 hedge funds and large institutions have $673M invested in Nuveen Municipal Credit Income Fund in 2023 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 73 increasing their positions, 72 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 27

26% more capital invested

Capital invested by funds: $534M → $673M (+$139M)

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

4% more funds holding

Funds holding: 240 → 250 (+10)

2.98% more ownership

Funds ownership: 26.27% → 29.25% (+3%)

1% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 72

Holders
250
Holders Change
+10
Holders Change %
+4.17%
% of All Funds
3.64%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
42
Increased
73
Reduced
72
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$23.1M
2
Bank of America
Bank of America
North Carolina
+$11.2M
3
SCM
Saba Capital Management
New York
+$6.32M
4
LSC
Logan Stone Capital
Illinois
+$4.42M
5
LCM
Landscape Capital Management
New Jersey
+$3.25M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$17.3M
2
KIM
Karpus Investment Management
New York
-$7.73M
3
WP
Woodline Partners
California
-$6.53M
4
SIA
Sit Investment Associates
Minnesota
-$4.8M
5
Osaic Holdings
Osaic Holdings
Arizona
-$1.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
Cohen & Steers
26
Cohen & Steers
New York
$4.47M +$220K +20,000 +6%
RC
27
Rareview Capital
Nevada
$4.2M +$3.9M +355,168 New
GP
28
Gridiron Partners
Pennsylvania
$4.02M +$3.73M +339,897 New
KAS
29
Kestra Advisory Services
Texas
$3.69M -$195K -17,745 -5%
AIM
30
AHL Investment Management
Florida
$3.68M -$119K -10,803 -3%
Stifel Financial
31
Stifel Financial
Missouri
$3.63M +$640K +58,271 +23%
RJA
32
Raymond James & Associates
Florida
$3.59M +$622K +56,681 +23%
Allianz Asset Management
33
Allianz Asset Management
Germany
$3.54M – – –
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$3.38M -$1.18M -107,444 -27%
Osaic Holdings
35
Osaic Holdings
Arizona
$3.25M -$1.85M -168,275 -38%
Envestnet Asset Management
36
Envestnet Asset Management
Illinois
$3.17M +$331K +30,131 +13%
CPC
37
Congress Park Capital
New York
$3.13M +$878K +80,000 +43%
WCMNY
38
Westchester Capital Management (New York)
New York
$3.04M +$1.3M +118,191 +85%
COLIM
39
City of London Investment Management
United Kingdom
$2.58M +$1.7M +155,259 +246%
GIP
40
Greatmark Investment Partners
Georgia
$2.5M -$306K -27,844 -12%
DWM
41
Dakota Wealth Management
Florida
$2.43M +$82.6K +7,525 +4%
CIA
42
Capital Investment Advisors
Georgia
$2.42M -$241K -21,931 -10%
FCH
43
Freestone Capital Holdings
Washington
$2.36M +$2.2M +200,000 New
PAS
44
Park Avenue Securities
New York
$2.24M +$341K +31,058 +20%
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$2.21M -$48.9K -4,457 -2%
CC
46
Centiva Capital
New York
$2.18M +$2.03M +184,744 New
Rockefeller Capital Management
47
Rockefeller Capital Management
New York
$2M +$168K +15,304 +10%
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$1.89M -$14.3K -1,302 -0.8%
Ameriprise
49
Ameriprise
Minnesota
$1.85M +$158K +14,418 +10%
Lido Advisors
50
Lido Advisors
California
$1.76M +$1.63M +148,668 New
1
2
3 4 5

NZF Hedge Fund Activity: Q4 2023 in Review

250 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2023, worth a combined $673M — up 26% from $534M a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new NZF positions and 27 closed out — a net gain of 15 holders — while 73 added to existing stakes and 72 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $23.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $17.3M.

  • 250 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2023, up from 240 in Q3 2023.
  • Funds reported $673M of Nuveen Municipal Credit Income Fund stock for Q4 2023, up 26% quarter-over-quarter.
  • 42 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2023 and 27 closed out, a net change of +15 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $23.1M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $17.3M sold.

Based on aggregated 13F filings for Q4 2023.