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Nuveen Municipal Credit Income Fund
NZF

243 hedge funds and large institutions have $449M invested in Nuveen Municipal Credit Income Fund in 2025 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 72 increasing their positions, 73 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 19

0% more funds holding

Funds holding: 242 → 243 (+1)

1% less repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 73

1.04% less ownership

Funds ownership: 20.46% → 19.42% (-1%)

7% less capital invested

Capital invested by funds: $485M → $449M (-$36.1M)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
243
Holders Change
+1
Holders Change %
+0.41%
% of All Funds
3.2%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
24
Increased
72
Reduced
73
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.51M
2
GC
Guggenheim Capital
Illinois
+$1.97M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.96M
4
Truist Financial
Truist Financial
North Carolina
+$1.47M
5
Raymond James Financial
Raymond James Financial
Florida
+$1.06M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$17.8M
2
RC
Rareview Capital
Nevada
-$4.6M
3
COLIM
City of London Investment Management
United Kingdom
-$3.29M
4
LPL Financial
LPL Financial
California
-$1.6M
5
Pathstone Holdings
Pathstone Holdings
New Jersey
-$1.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
FAG
76
Fortitude Advisory Group
Washington
$625K – – –
PNC Financial Services Group
77
PNC Financial Services Group
Pennsylvania
$529K -$148K -12,498 -22%
WA
78
Whipplewood Advisors
Colorado
$509K -$305K -25,813 -38%
EC
79
Elequin Capital
New York
$504K +$403K +34,079 +414%
AGA
80
Arkos Global Advisors
Texas
$503K -$194K -16,439 -28%
PVM
81
Palogic Value Management
Texas
$497K – – –
RI
82
Rinkey Investments
California
$488K – – –
WKWM
83
Walter & Keenan Wealth Management
Indiana
$486K -$322K -27,203 -40%
DSC
84
Duncker Streett & Co
Missouri
$482K +$478K +40,409 New
HKAM
85
Horizon Kinetics Asset Management
New York
$464K – – –
Creative Planning
86
Creative Planning
Kansas
$464K +$15.9K +1,341 +4%
ASN
87
Advisory Services Network
Georgia
$464K +$469K +39,627 New
CL
88
Choreo LLC
Illinois
$454K -$4.64K -392 -1%
US Bancorp
89
US Bancorp
Minnesota
$453K – – –
IWA
90
IBEX Wealth Advisors
New Jersey
$445K – – –
AF
91
Allworth Financial
California
$444K +$416K +35,215 +1,730%
RIA
92
Regal Investment Advisors
Michigan
$398K -$2.06K -174 -0.5%
PGF
93
Plan Group Financial
Oklahoma
$398K +$395K +33,380 New
Corient Private Wealth
94
Corient Private Wealth
Florida
$398K +$395K +33,362 New
Koshinski Asset Management
95
Koshinski Asset Management
Illinois
$392K -$18.7K -1,577 -5%
HI
96
Harbour Investments
Wisconsin
$384K – – –
HF
97
HRT Financial
New York
$382K +$380K +32,099 New
PI
98
PFG Investments
New York
$381K +$1.35K +114 +0.4%
CAG
99
Csenge Advisory Group
Florida
$381K – – –
CCG
100
Catalina Capital Group
California
$372K – – –
2 3
4
5 6

NZF Hedge Fund Activity: Q2 2025 in Review

243 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q2 2025, worth a combined $449M — down 7.4% from $485M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new NZF positions and 19 closed out — a net gain of 5 holders — while 72 added to existing stakes and 73 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.51M. The largest seller was Rivernorth Capital Management, cutting an estimated $17.8M.

  • 243 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q2 2025, up from 242 in Q1 2025.
  • Funds reported $449M of Nuveen Municipal Credit Income Fund stock for Q2 2025, down 7.4% quarter-over-quarter.
  • 24 funds opened new Nuveen Municipal Credit Income Fund positions in Q2 2025 and 19 closed out, a net change of +5 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q2 2025 was Morgan Stanley, an estimated $3.51M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q2 2025 was Rivernorth Capital Management, an estimated $17.8M sold.

Based on aggregated 13F filings for Q2 2025.