Nuveen Municipal Credit Income Fund
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$11.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.22M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.41M |
| 4 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
+$1.44M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$1.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$6.84M |
| 2 |
Morgan Stanley
New York
|
-$6.07M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$4.41M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.86M |
| 5 |
VanEck Associates
New York
|
-$2.64M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
126
Pointe Capital Management
Grosse Pointe Farms,
Michigan
| – | -$323K | -20,539 | Closed |
|
|
MIAN
127
Mariner Independent Advisor Network
Overland Park,
Kansas
| – | -$286K | -18,200 | Closed |
|
|
HNB
128
Huntington National Bank
Columbus,
Ohio
| – | -$260K | -16,500 | Closed |
|
|
OIA
129
Optimum Investment Advisors
Chicago,
Illinois
| – | -$249K | -15,831 | Closed |
|
|
TC
130
TFS Capital
West Chester,
Pennsylvania
| – | -$198K | -12,609 | Closed |
|
|
MC
131
Matisse Capital
Portland,
Oregon
| – | -$197K | -12,500 | Closed |
|
132
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$43K | -2,746 | Closed |
|
|
MMG
133
Monetary Management Group
St Louis,
Missouri
| – | -$28K | -1,791 | Closed |
|
|
JFA
134
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$21K | -1,348 | Closed |
|
|
S
135
SignatureFD
Atlanta,
Georgia
| – | -$21K | -1,348 | Closed |
|
|
JIC
136
Joel Isaacson & Co
New York
| – | -$21K | -1,346 | Closed |
|
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.