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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
CA
126
Calton & Associates
Florida
$14K +$15K +989 New
LA
127
Legacy Advisors
Pennsylvania
$13K – – –
APA
128
American Portfolios Advisors
New York
$12.2K +$12.1K +800 New
MOS
129
MGO One Seven
Ohio
$12K +$12.2K +805 New
ASN
130
Advisory Services Network
Georgia
$11K – – –
MWM
131
Mascoma Wealth Management
New Hampshire
$10K – – –
Northern Trust
132
Northern Trust
Illinois
$9K -$159K -10,462 -15%
PFGIA
133
Patriot Financial Group Insurance Agency
Massachusetts
$9K – – –
RFM
134
Royal Fund Management
Florida
$9K – – –
CAC
135
Certified Advisory Corp
Florida
$9K +$8.97K +591 New
TC
136
Trust Company
Kansas
$8K +$7.52K +495 New
WA
137
Winfield Associates
Ohio
$6K – – –
UBS AM
138
UBS AM
Illinois
$945 +$941 +62 New
LCM
139
Laurion Capital Management
New York
– -$14.4M -948,896 Closed
NPC
140
National Planning Corporation
California
– -$873K -57,403 Closed
DA
141
Doliver Advisors
Texas
– -$818K -53,784 Closed
JCM
142
Janney Capital Management
Pennsylvania
– -$695K -45,712 Closed
SA
143
Strategic Advisors
New York
– -$672K -44,204 Closed
TSS
144
Two Sigma Securities
New York
– -$258K -16,933 Closed
TW
145
Transform Wealth
Colorado
– -$202K -13,257 Closed
William Blair & Company
146
William Blair & Company
Illinois
– -$161K -10,610 Closed
RFWA
147
RPg Family Wealth Advisory
Massachusetts
– -$60.8K -4,000 Closed
MFW
148
Mosaic Family Wealth
Missouri
– -$21K -1,404 Closed
FFC
149
First Financial Corp
Indiana
– -$14K -895 Closed
MCIA
150
Mountain Capital Investment Advisors
Colorado
– -$10K -683 Closed
3 4 5
6
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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.