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Nuveen Municipal Credit Income Fund
NZF

216 hedge funds and large institutions have $734M invested in Nuveen Municipal Credit Income Fund in 2022 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 60 increasing their positions, 61 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

155% more capital invested

Capital invested by funds: $288M → $734M (+$446M)

115% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 20

11% more funds holding

Funds holding: 195 → 216 (+21)

2.85% more ownership

Funds ownership: 15.36% → 18.21% (+2.9%)

2% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 61

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
216
Holders Change
+21
Holders Change %
+10.77%
% of All Funds
3.47%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
43
Increased
60
Reduced
61
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$27.7M
2
RCM
Rivernorth Capital Management
Florida
+$18.9M
3
Bank of America
Bank of America
North Carolina
+$4.05M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$3.6M
5
PCM
PenderFund Capital Management
British Columbia, Canada
+$3.47M

Top Sellers

1
HWAM
Hennion & Walsh Asset Management
New Jersey
-$7.27M
2
SIA
Sit Investment Associates
Minnesota
-$5.12M
3
Morgan Stanley
Morgan Stanley
New York
-$2.9M
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$2.32M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
Luther King Capital Management (LKCM)
126
Luther King Capital Management (LKCM)
Texas
$174K – – –
TA
127
TrueWealth Advisors
Alabama
$173K -$35K -3,021 -17%
CCM
128
CTC Capital Management
Illinois
$173K +$166K +14,300 New
SBIA
129
Sheaff Brock Investment Advisors
Indiana
$171K – – –
HI
130
Harbour Investments
Wisconsin
$163K – – –
OC
131
Oppenheimer & Co
New York
$163K -$16.9K -1,456 -10%
RJT
132
Raymond James Trust
Florida
$162K +$3.23K +279 +2%
WI
133
Wintrust Investments
Illinois
$161K +$154K +13,311 New
IWC
134
Integrated Wealth Concepts
Massachusetts
$159K -$187K -16,164 -55%
Mariner
135
Mariner
Kansas
$157K -$235K -20,319 -61%
MA
136
MKT Advisors
California
$156K -$59.3K -5,120 -28%
MC
137
Moors & Cabot
Massachusetts
$152K -$5.79K -500 -4%
OA
138
Oxbow Advisors
Texas
$151K – – –
DP
139
Denver PWM
Colorado
$150K – – –
CP
140
Camelot Portfolios
Ohio
$149K +$143K +12,343 New
WMS
141
Wealth Management Solutions
Pennsylvania
$147K +$141K +12,148 New
CPSAC
142
Chas P. Smith & Associates (CPS)
Florida
$145K +$139K +12,027 New
ECG
143
Edge Capital Group
Georgia
$145K +$139K +12,000 New
DADC
144
D.A. Davidson & Co
Montana
$143K -$13.2K -1,140 -9%
BFC
145
Bedel Financial Consulting
Indiana
$143K – – –
CB
146
Commerce Bank
Missouri
$140K – – –
CBTWT
147
Community Bank & Trust (Waco, Texas)
Texas
$136K -$59K -5,096 -31%
MWM
148
Melfa Wealth Management
Massachusetts
$135K +$130K +11,198 New
WAM
149
Worth Asset Management
Texas
$135K – – –
WFA
150
Wellspring Financial Advisors
Ohio
$134K +$129K +11,111 New
4 5
6
7 8

NZF Hedge Fund Activity: Q4 2022 in Review

216 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2022, worth a combined $734M — up 155% from $288M a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new NZF positions and 20 closed out — a net gain of 23 holders — while 60 added to existing stakes and 61 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $27.7M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $7.27M.

  • 216 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2022, up from 195 in Q3 2022.
  • Funds reported $734M of Nuveen Municipal Credit Income Fund stock for Q4 2022, up 155% quarter-over-quarter.
  • 43 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2022 and 20 closed out, a net change of +23 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q4 2022 was Karpus Investment Management, an estimated $27.7M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q4 2022 was Hennion & Walsh Asset Management, an estimated $7.27M sold.

Based on aggregated 13F filings for Q4 2022.