Nuveen Municipal Credit Income Fund
NZF
246 hedge funds and large institutions have $658M invested in Nuveen Municipal Credit Income Fund in 2024 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 85 increasing their positions, 75 reducing their positions, and 29 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 75
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
2% less capital invested
Capital invested by funds: $673M → $658M (-$14.6M)
7% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 29
2% less funds holding
Funds holding: 250 → 246 (-4)
1.6% less ownership
Funds ownership: 29.25% → 27.64% (-1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$13.7M |
| 2 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$3.45M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2.38M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$2.11M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$1.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$36.5M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$14.2M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$8.8M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.73M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.16M |
NZF Hedge Fund Activity: Q1 2024 in Review
246 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q1 2024, worth a combined $658M — down 2.2% from $673M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of NZF and 27 opened new positions — a net loss of 2 holders — while 75 trimmed existing stakes and 85 added.
The largest buyer was Mackay Shields LLC, adding an estimated $13.7M. The largest seller was Morgan Stanley, cutting an estimated $36.5M.
- 246 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q1 2024, down from 250 in Q4 2023.
- Funds reported $658M of Nuveen Municipal Credit Income Fund stock for Q1 2024, down 2.2% quarter-over-quarter.
- 27 funds opened new Nuveen Municipal Credit Income Fund positions in Q1 2024 and 29 closed out, a net change of -2 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q1 2024 was Mackay Shields LLC, an estimated $13.7M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $36.5M sold.
Based on aggregated 13F filings for Q1 2024.