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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
VCM
101
Virtue Capital Management
Tennessee
$81K +$81.1K +5,339 New
BWL
102
Bogart Wealth LLC
Virginia
$78K – – –
SWM
103
SeaCrest Wealth Management
New York
$67K +$66.8K +4,399 New
CCM
104
Cribstone Capital Management
Maine
$63K – – –
RPG
105
Risk Paradigm Group
Texas
$63K +$62.7K +4,132 New
EFSCE
106
Enterprise Financial Services Corp (EFSC)
Missouri
$60K – – –
KF
107
Krilogy Financial
Missouri
$52K – – –
US Bancorp
108
US Bancorp
Minnesota
$50K – – –
Fifth Third Bancorp
109
Fifth Third Bancorp
Ohio
$49K -$190K -12,538 -79%
SPIA
110
Steward Partners Investment Advisory
New York
$49K -$1.14K -75 -2%
NSIM
111
North Star Investment Management
Illinois
$47K -$23.4K -1,539 -33%
RAM
112
Riggs Asset Management
Pennsylvania
$41K – – –
CHC
113
City Holding Co
West Virginia
$38K – – –
SSB
114
Sandy Spring Bank
Maryland
$33K – – –
IWP
115
Icon Wealth Partners
Texas
$30K +$30.1K +1,983 New
1IA
116
1834 Investment Advisors
Wisconsin
$27K – – –
Deutsche Bank
117
Deutsche Bank
Germany
$25K – – –
EWM
118
Evercore Wealth Management
New York
$23K – – –
FANJ
119
Financial Architects (New Jersey)
New Jersey
$22K – – –
IWM
120
IHT Wealth Management
Illinois
$22K – – –
RFC
121
Regions Financial Corp
Alabama
$18K +$17.6K +1,156 New
BC
122
Bartlett & Co
Ohio
$17K – – –
GRP
123
Global Retirement Partners
California
$17K – – –
PMFA
124
Plante Moran Financial Advisors
Michigan
$15K – – –
TCOV
125
Trust Company of Vermont
Vermont
$15K – – –
3 4
5
6 7

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.