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Nuveen Municipal Credit Income Fund
NZF

58 hedge funds and large institutions have $145M invested in Nuveen Municipal Credit Income Fund in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

31% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 16

22% more capital invested

Capital invested by funds: $119M → $145M (+$26M)

4.01% more ownership

Funds ownership: 22.24% → 26.24% (+4%)

8% less funds holding

Funds holding: 63 → 58 (-5)

45% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 11

Holders
58
Holders Change
-5
Holders Change %
-7.94%
% of All Funds
1.67%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.09%
New
6
Increased
21
Reduced
16
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$12.8M
2
OHA
Oak Hill Advisors
New York
+$5.82M
3
BI
Bulldog Investors
New Jersey
+$4.49M
4
WAM
Weiss Asset Management
Massachusetts
+$1.37M
5
MIG
Mariner Investment Group
New York
+$1.03M

Top Sellers

Rank Fund Capital Flow
1
NCM
Newgate Capital Management
Connecticut
-$3.05M
2
Morgan Stanley
Morgan Stanley
New York
-$2.01M
3
BTS
BB&T Securities
Virginia
-$1.45M
4
ACM
Argentus Capital Management
Texas
-$968K
5
TC
TFS Capital
Pennsylvania
-$771K
Name Holding Trade Value Shares
Change 		Change in
Stake
MFS
51
MSI Financial Services
Massachusetts
$17K – – –
BRWM
52
B. Riley Wealth Management
Tennessee
$11K +$54 +4 +0.5%
TWA
53
TCI Wealth Advisors
Arizona
$7K – – –
PSI
54
Pinnacle Summer Investments
Virginia
$5K – – –
Northern Trust
55
Northern Trust
Illinois
$5K +$63.4K +4,733 +16%
Citigroup
56
Citigroup
New York
$3K -$22.3K -1,666 -90%
MA
57
MUFG Americas
New York
$3K – – –
NCM
58
Newgate Capital Management
Connecticut
– -$3.05M -232,568 Closed
ACM
59
Argentus Capital Management
Texas
– -$968K -73,882 Closed
TC
60
TFS Capital
Pennsylvania
– -$771K -58,825 Closed
DLG
61
Daniel L. Goodwin
– -$655K -49,950 Closed
SIA
62
Sit Investment Associates
Minnesota
– -$427K -32,560 Closed
PVWM
63
Point View Wealth Management
New Jersey
– -$160K -12,204 Closed
BTS
64
BB&T Securities
Virginia
– -$1.45M -11,100 Closed
AllianceBernstein
65
AllianceBernstein
Tennessee
– -$143K -10,937 Closed
TRCT
66
Tower Research Capital (TRC)
New York
– -$8K -627 Closed
Creative Planning
67
Creative Planning
Kansas
– -$5K -400 Closed
BIM
68
BlackRock Investment Management
Delaware
– -$3K -229 Closed
1 2
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NZF Hedge Fund Activity: Q2 2014 in Review

58 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q2 2014, worth a combined $145M — up 22% from $119M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of NZF and 6 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 21 added.

The largest buyer was Karpus Investment Management, adding an estimated $12.8M. The largest seller was Newgate Capital Management, exiting entirely with an estimated $3.05M sold.

  • 58 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q2 2014, down from 63 in Q1 2014.
  • Funds reported $145M of Nuveen Municipal Credit Income Fund stock for Q2 2014, up 22% quarter-over-quarter.
  • 6 funds opened new Nuveen Municipal Credit Income Fund positions in Q2 2014 and 11 closed out, a net change of -5 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q2 2014 was Karpus Investment Management, an estimated $12.8M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q2 2014 was Newgate Capital Management, an estimated $3.05M sold.

Based on aggregated 13F filings for Q2 2014.