Nuveen Municipal Credit Income Fund
57 hedge funds and large institutions have $79.7M invested in Nuveen Municipal Credit Income Fund in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 18 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
36% more capital invested
Capital invested by funds: $58.4M → $79.7M (+$21.3M)
12% more funds holding
Funds holding: 51 → 57 (+6)
4.42% more ownership
Funds ownership: 10.95% → 15.37% (+4.4%)
6% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$6.59M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.48M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$3.33M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.24M |
| 5 |
Morgan Stanley
New York
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$736K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$619K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$476K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$368K |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$304K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
51
Ladenburg Thalmann Financial Services
Miami,
Florida
| $25K | – | – | – |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $23K | +$21.3K | +1,714 | +1,298% |
|
|
WCM
53
Windsor Capital Management
Phoenix,
Arizona
| $16K | – | – | – |
|
54
Fifth Third Bancorp
Cincinnati,
Ohio
| $9K | – | – | – |
|
|
TWA
55
TCI Wealth Advisors
Tucson,
Arizona
| $7K | – | – | – |
|
|
MFS
56
MSI Financial Services
Springfield,
Massachusetts
| $4K | -$4.89K | -394 | -58% |
|
57
Northern Trust
Chicago,
Illinois
| $3K | – | – | – |
|
|
OFG
58
OTA Financial Group
Purchase,
New York
| – | -$251K | -19,007 | Closed |
|
|
WC
59
Whitnell & Co
Oak Brook,
Illinois
| – | -$2K | -159 | Closed |
|
NZF Hedge Fund Activity: Q3 2013 in Review
57 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q3 2013, worth a combined $79.7M — up 36% from $58.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NZF positions and 2 closed out — a net gain of 6 holders — while 19 added to existing stakes and 18 trimmed.
The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $6.59M. The largest seller was Newgate Capital Management, cutting an estimated $736K.
- 57 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q3 2013, up from 51 in Q2 2013.
- Funds reported $79.7M of Nuveen Municipal Credit Income Fund stock for Q3 2013, up 36% quarter-over-quarter.
- 8 funds opened new Nuveen Municipal Credit Income Fund positions in Q3 2013 and 2 closed out, a net change of +6 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q3 2013 was Fir Tree Capital Management, an estimated $6.59M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q3 2013 was Newgate Capital Management, an estimated $736K sold.
Based on aggregated 13F filings for Q3 2013.