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Nuveen Municipal Credit Income Fund
NZF

232 hedge funds and large institutions have $437M invested in Nuveen Municipal Credit Income Fund in 2025 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 82 increasing their positions, 63 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 63

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.13% less ownership

Funds ownership: 19.42% → 19.29% (-0.13%)

3% less capital invested

Capital invested by funds: $449M → $437M (-$12M)

5% less funds holding

Funds holding: 243 → 232 (-11)

31% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 29

Holders
232
Holders Change
-11
Holders Change %
-4.53%
% of All Funds
3.04%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
20
Increased
82
Reduced
63
Closed
29
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GP
Gridiron Partners
Pennsylvania
+$31.3M
2
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$2.3M
3
Bank of America
Bank of America
North Carolina
+$2.04M
4
GC
Guggenheim Capital
Illinois
+$1.54M
5
CC
CF Capital
Massachusetts
+$1.25M

Top Sellers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
-$18.8M
2
RCM
Rivernorth Capital Management
Florida
-$9.66M
3
UBS Group
UBS Group
Switzerland
-$3.56M
4
SIA
Sit Investment Associates
Minnesota
-$3.23M
5
Morgan Stanley
Morgan Stanley
New York
-$3.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
IFG
126
Independent Financial Group
California
$270K +$3.71K +309 +1%
RSA
127
River Street Advisors
Illinois
$269K – – –
OC
128
Oppenheimer & Co
New York
$266K +$47K +3,916 +23%
PCIA
129
Prime Capital Investment Advisors
Kansas
$266K +$12 +1 +0%
RIA
130
Realta Investment Advisors
Delaware
$258K – – –
AWA
131
Arete Wealth Advisors
Illinois
$251K -$19K -1,584 -7%
MFG
132
Merit Financial Group
Georgia
$250K -$55.2K -4,598 -19%
NAS
133
NWF Advisory Services
California
$249K – – –
WJWM
134
Williams Jones Wealth Management
New York
$248K +$237K +19,747 New
JIR
135
James Investment Research
Ohio
$229K – – –
PCA
136
Prosperity Capital Advisors
Ohio
$229K +$4.03K +336 +2%
WDG
137
Wealth Dimensions Group
Ohio
$225K – – –
EWA
138
EQ Wealth Advisors
Texas
$222K – – –
HCM
139
Hollencrest Capital Management
California
$220K -$45.2K -3,770 -18%
MCWA
140
Meadow Creek Wealth Advisors
Georgia
$217K – – –
ACA
141
Aptus Capital Advisors
Alabama
$217K +$207K +17,243 New
CP
142
Camelot Portfolios
Ohio
$216K -$72.5K -6,045 -26%
BB
143
Busey Bank
Illinois
$214K +$205K +17,069 New
VAM
144
Virtue Asset Management
Illinois
$207K +$198K +16,512 New
SDAM
145
Shulman DeMeo Asset Management
New York
$207K – – –
MC
146
Moors & Cabot
Massachusetts
$204K -$22.8K -1,901 -10%
EH
147
Equitable Holdings
New York
$204K +$55.2K +4,602 +40%
VIM
148
Vista Investment Management
Pennsylvania
$202K – – –
MOS
149
MGO One Seven
Ohio
$195K -$64.9K -5,411 -26%
FM
150
Family Management
New York
$187K – – –
4 5
6
7 8

NZF Hedge Fund Activity: Q3 2025 in Review

232 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q3 2025, worth a combined $437M — down 2.7% from $449M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of NZF and 20 opened new positions — a net loss of 9 holders — while 63 trimmed existing stakes and 82 added.

The largest buyer was Gridiron Partners, adding an estimated $31.3M. The largest seller was Mackay Shields LLC, cutting an estimated $18.8M.

  • 232 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q3 2025, down from 243 in Q2 2025.
  • Funds reported $437M of Nuveen Municipal Credit Income Fund stock for Q3 2025, down 2.7% quarter-over-quarter.
  • 20 funds opened new Nuveen Municipal Credit Income Fund positions in Q3 2025 and 29 closed out, a net change of -9 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q3 2025 was Gridiron Partners, an estimated $31.3M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q3 2025 was Mackay Shields LLC, an estimated $18.8M sold.

Based on aggregated 13F filings for Q3 2025.