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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
BCM
76
Breiter Capital Management
Florida
$247K +$246K +16,198 New
IH
77
IFC Holdings
Florida
$242K +$21K +1,381 +9%
CB
78
Commerce Bank
Missouri
$236K – – –
CBTWT
79
Community Bank & Trust (Waco, Texas)
Texas
$231K -$510K -33,569 -69%
WAAG
80
Wealth Alliance Advisory Group
Kansas
$215K +$214K +14,100 New
IA
81
IFP Advisors
Florida
$214K -$116K -7,661 -35%
BFC
82
Bedel Financial Consulting
Indiana
$212K +$211K +13,912 New
AF
83
Affiance Financial
Minnesota
$205K -$25.4K -1,670 -11%
PVWM
84
Point View Wealth Management
New Jersey
$199K – – –
NEPWA
85
New England Private Wealth Advisors
Massachusetts
$198K – – –
ECM
86
Evergreen Capital Management
Washington
$188K – – –
FAAS
87
First Allied Advisory Services
California
$173K +$137 +9 +0.1%
1SB
88
1ST Source Bank
Indiana
$170K -$34.9K -2,297 -17%
JP Morgan Chase
89
JP Morgan Chase
New York
$170K +$170K +11,183 +111,830%
PAG
90
Private Advisor Group
New Jersey
$161K – – –
JMPWA
91
JP Morgan Private Wealth Advisors
California
$157K – – –
GWM
92
Geneos Wealth Management
Colorado
$148K – – –
Manulife (Manufacturers Life Insurance)
93
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$121K +$2.93K +193 +2%
MIM
94
Macroview Investment Management
Maryland
$112K -$6.24K -411 -5%
CPIG
95
Chicago Partners Investment Group
Illinois
$103K – – –
MCM
96
Mainstay Capital Management
Michigan
$100K +$99.4K +6,545 New
TA
97
Townsend & Associates
Colorado
$99K +$98.3K +6,474 New
Citigroup
98
Citigroup
New York
$98K -$33.1K -2,182 -25%
FFG
99
Ford Financial Group
California
$98K +$97.9K +6,450 New
SBL
100
Sargent Bickham Lagudis
Colorado
$83K +$82.9K +5,462 New
2 3
4
5 6

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.