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Nuveen Municipal Credit Income Fund
NZF

118 hedge funds and large institutions have $257M invested in Nuveen Municipal Credit Income Fund in 2016 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 30 increasing their positions, 30 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 16

1% more funds holding

Funds holding: 117 → 118 (+1)

0.01% more ownership

Funds ownership: 12.42% → 12.44% (+0.01%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 30

10% less capital invested

Capital invested by funds: $285M → $257M (-$27.8M)

Holders
118
Holders Change
+1
Holders Change %
+0.85%
% of All Funds
2.95%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
20
Increased
30
Reduced
30
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$11.3M
2
RCM
Rivernorth Capital Management
Florida
+$8.22M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.41M
4
SCM
Sterneck Capital Management
Missouri
+$1.44M
5
HighTower Advisors
HighTower Advisors
Illinois
+$1.38M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$6.84M
2
Morgan Stanley
Morgan Stanley
New York
-$6.07M
3
LCM
Laurion Capital Management
New York
-$4.41M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$3.86M
5
VanEck Associates
VanEck Associates
New York
-$2.64M
Name Holding Trade Value Shares
Change 		Change in
Stake
SB
76
Suntrust Banks
Georgia
$187K – – –
TW
77
Transform Wealth
Colorado
$185K -$178K -12,346 -49%
PVWM
78
Point View Wealth Management
New Jersey
$185K – – –
William Blair & Company
79
William Blair & Company
Illinois
$175K -$43.3K -3,000 -19%
ECM
80
Evergreen Capital Management
Washington
$175K – – –
IH
81
IFC Holdings
Florida
$154K -$7.21K -500 -4%
Millennium Management
82
Millennium Management
New York
$144K +$147K +10,214 New
TWA
83
TCI Wealth Advisors
Arizona
$141K +$144K +10,000 New
GWM
84
Geneos Wealth Management
Colorado
$128K – – –
WEC
85
Winslow Evans & Crocker
Massachusetts
$111K – – –
US Bancorp
86
US Bancorp
Minnesota
$108K – – –
NFG
87
Next Financial Group
Texas
$99K +$20.2K +1,401 +25%
BKA
88
Brick & Kyle Associates
Pennsylvania
$84K +$274 +19 +0.3%
Citigroup
89
Citigroup
New York
$76K +$50.7K +3,518 +192%
NSIM
90
North Star Investment Management
Illinois
$65K +$66.8K +4,628 New
RPG
91
Risk Paradigm Group
Texas
$56.6K – – –
EFSCE
92
Enterprise Financial Services Corp (EFSC)
Missouri
$56K – – –
KF
93
Krilogy Financial
Missouri
$49K – – –
Deutsche Bank
94
Deutsche Bank
Germany
$47K – – –
SPIA
95
Steward Partners Investment Advisory
New York
$47K +$48K +3,330 New
RAM
96
Riggs Asset Management
Pennsylvania
$38K – – –
CHC
97
City Holding Co
West Virginia
$35K – – –
SSB
98
Sandy Spring Bank
Maryland
$31K -$12.4K -857 -28%
PSUF
99
People's United Financial
Connecticut
$28K – – –
Manulife (Manufacturers Life Insurance)
100
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$27K +$130 +9 +0.5%
2 3
4
5 6

NZF Hedge Fund Activity: Q4 2016 in Review

118 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2016, worth a combined $257M — down 9.7% from $285M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new NZF positions and 16 closed out — a net gain of 4 holders — while 30 added to existing stakes and 30 trimmed.

The largest buyer was Wells Fargo, adding an estimated $11.3M. The largest seller was Karpus Investment Management, cutting an estimated $6.84M.

  • 118 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2016, up from 117 in Q3 2016.
  • Funds reported $257M of Nuveen Municipal Credit Income Fund stock for Q4 2016, down 9.7% quarter-over-quarter.
  • 20 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2016 and 16 closed out, a net change of +4 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q4 2016 was Wells Fargo, an estimated $11.3M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q4 2016 was Karpus Investment Management, an estimated $6.84M sold.

Based on aggregated 13F filings for Q4 2016.