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Nuveen Municipal Credit Income Fund
NZF

135 hedge funds and large institutions have $215M invested in Nuveen Municipal Credit Income Fund in 2017 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 26 increasing their positions, 41 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 13

11% more funds holding

Funds holding: 122 → 135 (+13)

0.94% less ownership

Funds ownership: 10.61% → 9.67% (-0.94%)

9% less capital invested

Capital invested by funds: $235M → $215M (-$20.2M)

37% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 41

Holders
135
Holders Change
+13
Holders Change %
+10.66%
% of All Funds
3.06%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
26
Increased
26
Reduced
41
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$879K
2
SEI Investments
SEI Investments
Pennsylvania
+$818K
3
AG
Advisor Group
Arizona
+$783K
4
SIA
Sit Investment Associates
Minnesota
+$665K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$418K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$14.4M
2
GC
Guggenheim Capital
Illinois
-$3.45M
3
PPA
Parametric Portfolio Associates
Washington
-$3.27M
4
Morgan Stanley
Morgan Stanley
New York
-$2.45M
5
NPC
National Planning Corporation
California
-$873K
Name Holding Trade Value Shares
Change 		Change in
Stake
NL
51
NWAM LLC
Washington
$556K -$85.7K -5,641 -13%
PMG
52
ProVise Management Group
Florida
$546K +$5.22K +344 +1%
WS
53
Wedbush Securities
California
$543K +$100K +6,600 +23%
OC
54
Oppenheimer & Co
New York
$492K +$125K +8,235 +34%
LTFS
55
Ladenburg Thalmann Financial Services
Florida
$470K -$14.1K -926 -3%
FFSOTS
56
Fiduciary Financial Services of The Southwest
Texas
$469K +$43.6K +2,873 +10%
Janney Montgomery Scott
57
Janney Montgomery Scott
Pennsylvania
$454K +$35.4K +2,333 +8%
RCAG
58
Rehmann Capital Advisory Group
Michigan
$430K – – –
Susquehanna International Group
59
Susquehanna International Group
Pennsylvania
$420K +$418K +27,558 New
Northwestern Mutual Wealth Management
60
Northwestern Mutual Wealth Management
Wisconsin
$399K -$7.97K -525 -2%
Mariner
61
Mariner
Kansas
$357K – – –
WI
62
Wintrust Investments
Illinois
$341K -$18.2K -1,200 -5%
FNBT
63
FineMark National Bank & Trust
Florida
$320K – – –
Millennium Management
64
Millennium Management
New York
$318K -$53.9K -3,551 -15%
SFM
65
Signet Financial Management
New Jersey
$317K – – –
WSFS
66
Wilmington Savings Fund Society
Delaware
$315K – – –
LCM
67
Landscape Capital Management
New Jersey
$313K +$312K +20,529 New
CFB
68
Cullen/Frost Bankers
Texas
$302K – – –
PCM
69
Pointe Capital Management
Michigan
$297K -$15 -1 -0%
SIA
70
Starfire Investment Advisers
Michigan
$297K +$296K +19,499 New
SBIA
71
Sheaff Brock Investment Advisors
Indiana
$284K – – –
MML Investors Services
72
MML Investors Services
Massachusetts
$265K +$38.3K +2,522 +17%
TFS
73
TrustCore Financial Services
Tennessee
$265K +$264K +17,394 New
SB
74
Suntrust Banks
Georgia
$253K -$15.2K -1,000 -6%
Goldman Sachs
75
Goldman Sachs
New York
$248K +$247K +16,288 New
1 2
3
4 5

NZF Hedge Fund Activity: Q4 2017 in Review

135 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2017, worth a combined $215M — down 8.6% from $235M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new NZF positions and 13 closed out — a net gain of 13 holders — while 26 added to existing stakes and 41 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $879K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $14.4M sold.

  • 135 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2017, up from 122 in Q3 2017.
  • Funds reported $215M of Nuveen Municipal Credit Income Fund stock for Q4 2017, down 8.6% quarter-over-quarter.
  • 26 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2017 and 13 closed out, a net change of +13 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q4 2017 was Royal Bank of Canada, an estimated $879K added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q4 2017 was Laurion Capital Management, an estimated $14.4M sold.

Based on aggregated 13F filings for Q4 2017.