Nuveen Municipal Credit Income Fund
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$879K |
| 2 |
SEI Investments
Oaks,
Pennsylvania
|
+$818K |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
+$783K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$665K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$418K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$14.4M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.45M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.27M |
| 4 |
Morgan Stanley
New York
|
-$2.45M |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
-$873K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
ClearBridge Investments
New York
| – | -$1K | -34 | Closed |
|
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.