Nuveen Municipal Credit Income Fund
122 hedge funds and large institutions have $235M invested in Nuveen Municipal Credit Income Fund in 2017 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 33 increasing their positions, 45 reducing their positions, and 10 closing their positions.
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
2% more funds holding
Funds holding: 120 → 122 (+2)
1% more capital invested
Capital invested by funds: $233M → $235M (+$2.03M)
0.11% less ownership
Funds ownership: 10.71% → 10.61% (-0.11%)
27% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$14M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.44M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.78M |
| 4 |
EDRIA
Edmonds Duncan Registered Investment Advisors
Lawrence,
Kansas
|
+$712K |
| 5 |
JCM
Janney Capital Management
Pittsburgh,
Pennsylvania
|
+$695K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$8.48M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
-$3.78M |
| 3 |
Morgan Stanley
New York
|
-$3.13M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.92M |
| 5 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$1.87M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ECM
126
Evergreen Capital Management
Bellevue,
Washington
| – | -$184K | -12,354 | Closed |
|
|
UCFA
127
United Capital Financial Advisors
Irving,
Texas
| – | -$171K | -11,440 | Closed |
|
128
Fisher Asset Management
Camas,
Washington
| – | -$154K | -10,292 | Closed |
|
|
TJHA
129
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$95K | -6,352 | Closed |
|
|
RPG
130
Risk Paradigm Group
Austin,
Texas
| – | -$59.7K | -4,000 | Closed |
|
|
DADC
131
D.A. Davidson & Co
Great Falls,
Montana
| – | -$24K | -1,642 | Closed |
|
|
MA
132
MUFG Americas
New York
| – | -$8K | -506 | Closed |
|
|
NA
133
NewEdge Advisors
New Orleans,
Louisiana
| – | -$5.11K | -340 | Closed |
|
|
MLFP
134
MPS Loria Financial Planners
Burr Ridge,
Illinois
| – | -$4K | -245 | Closed |
|
135
JP Morgan Chase
New York
| – | +$152 | +10 | New |
|
NZF Hedge Fund Activity: Q3 2017 in Review
122 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q3 2017, worth a combined $235M — up 0.87% from $233M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NZF positions and 10 closed out — a net gain of 3 holders — while 33 added to existing stakes and 45 trimmed.
The largest buyer was Laurion Capital Management, adding an estimated $14M. The largest seller was Wells Fargo, cutting an estimated $8.48M.
- 122 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q3 2017, up from 120 in Q2 2017.
- Funds reported $235M of Nuveen Municipal Credit Income Fund stock for Q3 2017, up 0.87% quarter-over-quarter.
- 13 funds opened new Nuveen Municipal Credit Income Fund positions in Q3 2017 and 10 closed out, a net change of +3 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q3 2017 was Laurion Capital Management, an estimated $14M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q3 2017 was Wells Fargo, an estimated $8.48M sold.
Based on aggregated 13F filings for Q3 2017.