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Nuveen Municipal Credit Income Fund
NZF

242 hedge funds and large institutions have $485M invested in Nuveen Municipal Credit Income Fund in 2025 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 76 increasing their positions, 69 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

10% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 69

2.66% less ownership

Funds ownership: 23.11% → 20.46% (-2.7%)

8% less funds holding

Funds holding: 263 → 242 (-21)

47% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 38

49% less capital invested

Capital invested by funds: $942M → $485M (-$458M)

Holders
242
Holders Change
-21
Holders Change %
-7.98%
% of All Funds
3.25%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
20
Increased
76
Reduced
69
Closed
38
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Raymond James Financial
Raymond James Financial
Florida
+$1.67M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.3M
3
KAS
Kestra Advisory Services
Texas
+$1.29M
4
LPL Financial
LPL Financial
California
+$1.15M
5
Bank of America
Bank of America
North Carolina
+$1.15M

Top Sellers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
-$20M
2
RCM
Rivernorth Capital Management
Florida
-$10.6M
3
RCM
Robinson Capital Management
Michigan
-$5.18M
4
Morgan Stanley
Morgan Stanley
New York
-$4.92M
5
KeyBank National Association
KeyBank National Association
Ohio
-$3.33M
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
26
Sit Investment Associates
Minnesota
$3.94M -$2.09M -168,172 -34%
SG
27
StoneX Group
New York
$3.92M +$34K +2,741 +0.9%
GIP
28
Greatmark Investment Partners
Georgia
$3.7M +$212K +17,078 +6%
RCM
29
Robinson Capital Management
Michigan
$3.43M -$5.18M -416,856 -60%
GP
30
Gridiron Partners
Pennsylvania
$3.32M – – –
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$3.3M +$8.46K +681 +0.3%
COLIM
32
City of London Investment Management
United Kingdom
$3.29M -$751K -60,470 -18%
Allspring Global Investments
33
Allspring Global Investments
North Carolina
$3.2M -$127K -10,200 -4%
KL
34
KIM LLC
Kansas
$3.06M – – –
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$2.78M -$666K -53,618 -19%
Osaic Holdings
36
Osaic Holdings
Arizona
$2.55M +$485K +39,078 +23%
AIM
37
AHL Investment Management
Florida
$2.54M -$4.35K -350 -0.2%
EIA
38
Edgemoor Investment Advisors
Maryland
$2.33M +$460K +37,067 +24%
CIA
39
Capital Investment Advisors
Georgia
$2.26M -$9.81K -790 -0.4%
Invesco
40
Invesco
Georgia
$2.11M +$31.7K +2,554 +1%
Goldman Sachs
41
Goldman Sachs
New York
$2.1M -$89.4K -7,200 -4%
Ameriprise
42
Ameriprise
Minnesota
$2.04M +$264K +21,284 +15%
CC
43
CF Capital
Massachusetts
$2M +$35.9K +2,895 +2%
SPIA
44
Steward Partners Investment Advisory
New York
$1.89M +$1.14K +92 +0.1%
WAM
45
Wakefield Asset Management
Colorado
$1.81M +$12.2K +982 +0.7%
AF
46
Atala Financial
California
$1.78M – – –
CA
47
Carson Advisory
Georgia
$1.75M -$3.25K -262 -0.2%
LSPW
48
Lake Street Private Wealth
Illinois
$1.72M +$286K +23,000 +20%
Lido Advisors
49
Lido Advisors
California
$1.62M – – –
PFS
50
Prospera Financial Services
Texas
$1.54M +$832 +67 +0.1%
1
2
3 4 5

NZF Hedge Fund Activity: Q1 2025 in Review

242 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q1 2025, worth a combined $485M — down 49% from $942M a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of NZF and 20 opened new positions — a net loss of 18 holders — while 69 trimmed existing stakes and 76 added.

The largest buyer was Raymond James Financial, adding an estimated $1.67M. The largest seller was Pathstone Holdings, cutting an estimated $20M.

  • 242 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q1 2025, down from 263 in Q4 2024.
  • Funds reported $485M of Nuveen Municipal Credit Income Fund stock for Q1 2025, down 49% quarter-over-quarter.
  • 20 funds opened new Nuveen Municipal Credit Income Fund positions in Q1 2025 and 38 closed out, a net change of -18 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q1 2025 was Raymond James Financial, an estimated $1.67M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q1 2025 was Pathstone Holdings, an estimated $20M sold.

Based on aggregated 13F filings for Q1 2025.