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Nuveen Municipal Credit Income Fund
NZF

209 hedge funds and large institutions have $395M invested in Nuveen Municipal Credit Income Fund in 2023 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 74 increasing their positions, 51 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

45% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 51

1.87% more ownership

Funds ownership: 18.21% → 20.08% (+1.9%)

3% less funds holding

Funds holding: 216 → 209 (-7)

11% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 27

46% less capital invested

Capital invested by funds: $734M → $395M (-$339M)

Holders
209
Holders Change
-7
Holders Change %
-3.24%
% of All Funds
3.33%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
24
Increased
74
Reduced
51
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$11.2M
2
WP
Woodline Partners
California
+$7.35M
3
Morgan Stanley
Morgan Stanley
New York
+$6.41M
4
PCM
PenderFund Capital Management
British Columbia, Canada
+$4.19M
5
LSC
Logan Stone Capital
Illinois
+$3.26M

Top Sellers

1
HWAM
Hennion & Walsh Asset Management
New Jersey
-$8.84M
2
COLIM
City of London Investment Management
United Kingdom
-$2.3M
3
SIA
Sit Investment Associates
Minnesota
-$1.7M
4
Bank of America
Bank of America
North Carolina
-$1.67M
5
FM
Family Management
New York
-$1.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
IFG
76
Independent Financial Group
California
$477K +$80.5K +6,715 +20%
AWA
77
Arete Wealth Advisors
Illinois
$476K +$110K +9,199 +30%
ASN
78
Advisory Services Network
Georgia
$471K – – –
Janney Montgomery Scott
79
Janney Montgomery Scott
Pennsylvania
$462K +$17.6K +1,470 +4%
Baird Financial Group
80
Baird Financial Group
Wisconsin
$444K -$8.41K -702 -2%
CBFP
81
Cedar Brook Financial Partners
Ohio
$429K +$791 +66 +0.2%
RCA
82
Ranch Capital Advisors
Florida
$428K -$299K -24,921 -41%
Creative Planning
83
Creative Planning
Kansas
$422K +$43K +3,586 +11%
HKAM
84
Horizon Kinetics Asset Management
New York
$412K – – –
SPIA
85
Steward Partners Investment Advisory
New York
$406K -$6.57K -548 -2%
HCM
86
Hollencrest Capital Management
California
$387K +$101K +8,438 +35%
CCWA
87
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$382K +$37.3K +3,110 +11%
AWM
88
AE Wealth Management
Kansas
$381K +$9.86K +823 +3%
RIA
89
Regal Investment Advisors
Michigan
$375K -$164K -13,650 -30%
WWM
90
Western Wealth Management
Colorado
$363K +$204 +17 +0.1%
Mercer Global Advisors
91
Mercer Global Advisors
Colorado
$359K +$81.6K +6,814 +29%
SFWA
92
Summit Financial Wealth Advisors
Louisiana
$355K – – –
VAG
93
VisionPoint Advisory Group
Texas
$349K +$17.3K +1,445 +5%
CWP
94
Cyndeo Wealth Partners
Florida
$346K – – –
STA
95
Summit Trail Advisors
New York
$340K -$88.7K -7,403 -21%
SWP
96
Stratos Wealth Partners
Ohio
$316K -$162K -13,501 -34%
RFC
97
Regions Financial Corp
Alabama
$312K -$4.71K -393 -1%
DWM
98
Drive Wealth Management
Utah
$310K +$40.4K +3,374 +15%
Brown Advisory
99
Brown Advisory
Maryland
$294K +$300 +25 +0.1%
HKIM
100
Hayek Kallen Investment Management
Alabama
$284K +$443 +37 +0.2%
2 3
4
5 6

NZF Hedge Fund Activity: Q1 2023 in Review

209 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q1 2023, worth a combined $395M — down 46% from $734M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of NZF and 24 opened new positions — a net loss of 3 holders — while 51 trimmed existing stakes and 74 added.

The largest buyer was Karpus Investment Management, adding an estimated $11.2M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $8.84M.

  • 209 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q1 2023, down from 216 in Q4 2022.
  • Funds reported $395M of Nuveen Municipal Credit Income Fund stock for Q1 2023, down 46% quarter-over-quarter.
  • 24 funds opened new Nuveen Municipal Credit Income Fund positions in Q1 2023 and 27 closed out, a net change of -3 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $11.2M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q1 2023 was Hennion & Walsh Asset Management, an estimated $8.84M sold.

Based on aggregated 13F filings for Q1 2023.