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Nuveen Municipal Credit Income Fund
NZF

250 hedge funds and large institutions have $673M invested in Nuveen Municipal Credit Income Fund in 2023 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 73 increasing their positions, 72 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 27

26% more capital invested

Capital invested by funds: $534M → $673M (+$139M)

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

4% more funds holding

Funds holding: 240 → 250 (+10)

2.98% more ownership

Funds ownership: 26.27% → 29.25% (+3%)

1% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 72

Holders
250
Holders Change
+10
Holders Change %
+4.17%
% of All Funds
3.64%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
42
Increased
73
Reduced
72
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$23.1M
2
Bank of America
Bank of America
North Carolina
+$11.2M
3
SCM
Saba Capital Management
New York
+$6.32M
4
LSC
Logan Stone Capital
Illinois
+$4.42M
5
LCM
Landscape Capital Management
New Jersey
+$3.25M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$17.3M
2
KIM
Karpus Investment Management
New York
-$7.73M
3
WP
Woodline Partners
California
-$6.53M
4
SIA
Sit Investment Associates
Minnesota
-$4.8M
5
Osaic Holdings
Osaic Holdings
Arizona
-$1.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCA
126
Ranch Capital Advisors
Florida
$293K -$59.9K -5,453 -18%
CAM
127
Crestone Asset Management
Colorado
$289K – – –
Bank of New York Mellon
128
Bank of New York Mellon
New York
$286K -$597K -54,347 -69%
Northern Trust
129
Northern Trust
Illinois
$281K – – –
ICMP
130
Integrated Capital Management (Pennsylvania)
Pennsylvania
$281K +$582 +53 +0.2%
Mariner
131
Mariner
Kansas
$280K -$23.3K -2,126 -8%
Neuberger Berman Group
132
Neuberger Berman Group
New York
$271K – – –
WS
133
Wedbush Securities
California
$271K – – –
AWS
134
Atria Wealth Solutions
New York
$269K +$2.78K +253 +1%
RP
135
Riverbridge Partners
Minnesota
$267K +$2.26K +206 +0.9%
HI
136
Harbour Investments
Wisconsin
$266K -$108K -9,853 -30%
RZH
137
Relyea Zuckerberg Hanson
Connecticut
$264K +$245K +22,303 New
Jane Street
138
Jane Street
New York
$262K +$71.5K +6,511 +42%
PCIA
139
Prime Capital Investment Advisors
Kansas
$261K – – –
FWM
140
Fairhaven Wealth Management
Illinois
$253K – – –
DADC
141
D.A. Davidson & Co
Montana
$250K -$2.15K -196 -0.9%
IWC
142
Integrated Wealth Concepts
Massachusetts
$248K +$231K +21,020 New
MCWA
143
Meadow Creek Wealth Advisors
Georgia
$244K +$227K +20,671 New
RIA
144
Realta Investment Advisors
Delaware
$242K -$90.9K -8,280 -29%
MFG
145
Merit Financial Group
Georgia
$233K -$21.1K -1,926 -9%
LFA
146
Livelsberger Financial Advisory
Ohio
$230K +$214K +19,496 New
BPA
147
Beacon Pointe Advisors
California
$230K -$242K -22,071 -53%
Nomura Holdings
148
Nomura Holdings
Japan
$228K +$211K +19,250 New
KF
149
Krilogy Financial
Missouri
$227K – – –
KPWS
150
Kestra Private Wealth Services
Texas
$225K +$7.61K +693 +4%
4 5
6
7 8

NZF Hedge Fund Activity: Q4 2023 in Review

250 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2023, worth a combined $673M — up 26% from $534M a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new NZF positions and 27 closed out — a net gain of 15 holders — while 73 added to existing stakes and 72 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $23.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $17.3M.

  • 250 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2023, up from 240 in Q3 2023.
  • Funds reported $673M of Nuveen Municipal Credit Income Fund stock for Q4 2023, up 26% quarter-over-quarter.
  • 42 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2023 and 27 closed out, a net change of +15 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $23.1M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $17.3M sold.

Based on aggregated 13F filings for Q4 2023.