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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
LA
151
Lakeside Advisors
Washington
$134K – – –
KWM
152
Kingsview Wealth Management
Oregon
$133K +$1.94K +168 +2%
PIA
153
Powell Investment Advisors
Florida
$133K -$383K -33,092 -75%
VIM
154
Vista Investment Management
Pennsylvania
$133K – – –
Thrivent Financial for Lutherans
155
Thrivent Financial for Lutherans
Minnesota
$132K – – –
NCM
156
Narwhal Capital Management
Georgia
$130K +$124K +10,754 New
CA
157
Carson Advisory
Georgia
$127K -$25.5K -2,200 -17%
HVIA
158
Hudson Valley Investment Advisors
New York
$127K – – –
AWG
159
Altus Wealth Group
Colorado
$126K -$41.2K -3,563 -25%
PWA
160
Primoris Wealth Advisors
Florida
$124K – – –
FFA
161
First Foundation Advisors
California
$121K -$27.7K -2,392 -19%
RPCA
162
Running Point Capital Advisors
California
$121K – – –
SBWIC
163
Schaper Benz & Wise Investment Counsel
Wisconsin
$121K – – –
OIA
164
Optimum Investment Advisors
Illinois
$119K – – –
JIR
165
James Investment Research
Ohio
$101K +$97K +8,380 New
SSC
166
Syverson Strege & Co
Iowa
$99.5K +$95.3K +8,237 New
US Bancorp
167
US Bancorp
Minnesota
$97.6K +$24.5K +2,114 +35%
SWM
168
Spire Wealth Management
Virginia
$93K – – –
LC
169
Lindbrook Capital
California
$79.7K – – –
GWM
170
Geneos Wealth Management
Colorado
$76.3K – – –
PA
171
PSI Advisors
Florida
$68.5K – – –
BCMLT
172
Beacon Capital Management LLC (Tennessee)
Tennessee
$68.2K – – –
IA
173
IFP Advisors
Florida
$66K – – –
JWA
174
JFS Wealth Advisors
Pennsylvania
$60.5K +$787 +68 +1%
HCP
175
Hexagon Capital Partners
Arkansas
$52.6K – – –
5 6
7
8 9

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.