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Nuveen Municipal Credit Income Fund
NZF

232 hedge funds and large institutions have $437M invested in Nuveen Municipal Credit Income Fund in 2025 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 82 increasing their positions, 63 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 63

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.13% less ownership

Funds ownership: 19.42% → 19.29% (-0.13%)

3% less capital invested

Capital invested by funds: $449M → $437M (-$12M)

5% less funds holding

Funds holding: 243 → 232 (-11)

31% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 29

Holders
232
Holders Change
-11
Holders Change %
-4.53%
% of All Funds
3.04%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
20
Increased
82
Reduced
63
Closed
29
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GP
Gridiron Partners
Pennsylvania
+$31.3M
2
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$2.3M
3
Bank of America
Bank of America
North Carolina
+$2.04M
4
GC
Guggenheim Capital
Illinois
+$1.54M
5
CC
CF Capital
Massachusetts
+$1.25M

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$18.8M
2
RCM
Rivernorth Capital Management
Florida
-$9.66M
3
UBS Group
UBS Group
Switzerland
-$3.56M
4
SIA
Sit Investment Associates
Minnesota
-$3.23M
5
Morgan Stanley
Morgan Stanley
New York
-$3.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
26
Northwestern Mutual Wealth Management
Wisconsin
$3.91M +$2.3M +191,365 +160%
Cohen & Steers
27
Cohen & Steers
New York
$3.83M -$852K -71,000 -19%
GP
28
Gridiron Partners
Pennsylvania
$3.44M +$31.3M +2,608,241 +960%
CC
29
CF Capital
Massachusetts
$3.22M +$1.25M +104,174 +68%
KL
30
KIM LLC
Kansas
$3.14M – – –
Osaic Holdings
31
Osaic Holdings
Arizona
$3.1M +$290K +24,171 +10%
LSPW
32
Lake Street Private Wealth
Illinois
$3.1M +$452K +37,700 +18%
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$3.09M -$206K -17,167 -7%
EIA
34
Edgemoor Investment Advisors
Maryland
$2.79M +$270K +22,475 +11%
Truist Financial
35
Truist Financial
North Carolina
$2.57M +$25.2K +2,100 +1%
Invesco
36
Invesco
Georgia
$2.52M +$202K +16,803 +9%
Ameriprise
37
Ameriprise
Minnesota
$2.31M +$138K +11,506 +7%
CIA
38
Capital Investment Advisors
Georgia
$2.24M +$107K +8,942 +5%
PFS
39
Prospera Financial Services
Texas
$2.12M +$1.21K +101 +0.1%
CFGSD
40
Compass Financial Group (South Dakota)
South Dakota
$2.02M -$15.2K -1,267 -0.8%
SPIA
41
Steward Partners Investment Advisory
New York
$1.96M -$58.5K -4,876 -3%
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$1.9M +$68.2K +5,684 +4%
WAM
43
Wakefield Asset Management
Colorado
$1.88M +$47K +3,917 +3%
CA
44
Carson Advisory
Georgia
$1.69M -$30.2K -2,521 -2%
Lido Advisors
45
Lido Advisors
California
$1.67M – – –
PFA
46
Petra Financial Advisors
Colorado
$1.49M -$14.7K -1,223 -1%
NA
47
NewEdge Advisors
Louisiana
$1.32M +$312K +25,983 +33%
Goldman Sachs
48
Goldman Sachs
New York
$1.12M -$10.8K -900 -1%
FA
49
FF Advisors
California
$1.06M -$7.5K -625 -0.7%
P
50
&Partners
Tennessee
$1.03M +$131K +10,925 +15%
1
2
3 4 5

NZF Hedge Fund Activity: Q3 2025 in Review

232 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q3 2025, worth a combined $437M — down 2.7% from $449M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of NZF and 20 opened new positions — a net loss of 9 holders — while 63 trimmed existing stakes and 82 added.

The largest buyer was Gridiron Partners, adding an estimated $31.3M. The largest seller was Mackay Shields LLC, cutting an estimated $18.8M.

  • 232 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q3 2025, down from 243 in Q2 2025.
  • Funds reported $437M of Nuveen Municipal Credit Income Fund stock for Q3 2025, down 2.7% quarter-over-quarter.
  • 20 funds opened new Nuveen Municipal Credit Income Fund positions in Q3 2025 and 29 closed out, a net change of -9 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q3 2025 was Gridiron Partners, an estimated $31.3M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q3 2025 was Mackay Shields LLC, an estimated $18.8M sold.

Based on aggregated 13F filings for Q3 2025.