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Nuveen Municipal Credit Income Fund
NZF

209 hedge funds and large institutions have $395M invested in Nuveen Municipal Credit Income Fund in 2023 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 74 increasing their positions, 51 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

45% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 51

1.87% more ownership

Funds ownership: 18.21% → 20.08% (+1.9%)

3% less funds holding

Funds holding: 216 → 209 (-7)

11% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 27

46% less capital invested

Capital invested by funds: $734M → $395M (-$339M)

Holders
209
Holders Change
-7
Holders Change %
-3.24%
% of All Funds
3.33%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
24
Increased
74
Reduced
51
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$11.2M
2
WP
Woodline Partners
California
+$7.35M
3
Morgan Stanley
Morgan Stanley
New York
+$6.41M
4
PCM
PenderFund Capital Management
British Columbia, Canada
+$4.19M
5
LSC
Logan Stone Capital
Illinois
+$3.26M

Top Sellers

1
HWAM
Hennion & Walsh Asset Management
New Jersey
-$8.84M
2
COLIM
City of London Investment Management
United Kingdom
-$2.3M
3
SIA
Sit Investment Associates
Minnesota
-$1.7M
4
Bank of America
Bank of America
North Carolina
-$1.67M
5
FM
Family Management
New York
-$1.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
VIM
151
Vista Investment Management
Pennsylvania
$131K – – –
Thrivent Financial for Lutherans
152
Thrivent Financial for Lutherans
Minnesota
$130K – – –
Mariner
153
Mariner
Kansas
$127K -$28K -2,340 -18%
HVIA
154
Hudson Valley Investment Advisors
New York
$125K – – –
SFS
155
Sowell Financial Services
Arkansas
$125K +$125K +10,436 New
AWG
156
Altus Wealth Group
Colorado
$124K – – –
PWA
157
Primoris Wealth Advisors
Florida
$122K – – –
ANTB
158
AMG National Trust Bank
Colorado
$121K +$122K +10,165 New
FFA
159
First Foundation Advisors
California
$121K +$455 +38 +0.4%
SBWIC
160
Schaper Benz & Wise Investment Counsel
Wisconsin
$120K – – –
Nomura Holdings
161
Nomura Holdings
Japan
$120K +$120K +10,000 New
OIA
162
Optimum Investment Advisors
Illinois
$117K – – –
JIR
163
James Investment Research
Ohio
$100K – – –
US Bancorp
164
US Bancorp
Minnesota
$96.5K – – –
PCM
165
Pointe Capital Management
Michigan
$89.6K +$89.9K +7,500 New
PB
166
Pinnacle Bancorp
Nebraska
$71.1K -$144K -12,000 -67%
PA
167
PSI Advisors
Florida
$67.8K – – –
BCMLT
168
Beacon Capital Management LLC (Tennessee)
Tennessee
$67.5K – – –
JWA
169
JFS Wealth Advisors
Pennsylvania
$60.5K +$683 +57 +1%
HCP
170
Hexagon Capital Partners
Arkansas
$52.1K – – –
Carson Wealth (CWM LLC)
171
Carson Wealth (CWM LLC)
Nebraska
$51K +$36 +3 +0.1%
TCM
172
Tradewinds Capital Management
Washington
$43K – – –
UB
173
UMB Bank
Missouri
$41K – – –
IA
174
IFP Advisors
Florida
$38.3K -$22.2K -1,856 -41%
CCM
175
Chilton Capital Management
Texas
$38K +$38.1K +3,183 New
5 6
7
8 9

NZF Hedge Fund Activity: Q1 2023 in Review

209 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q1 2023, worth a combined $395M — down 46% from $734M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of NZF and 24 opened new positions — a net loss of 3 holders — while 51 trimmed existing stakes and 74 added.

The largest buyer was Karpus Investment Management, adding an estimated $11.2M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $8.84M.

  • 209 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q1 2023, down from 216 in Q4 2022.
  • Funds reported $395M of Nuveen Municipal Credit Income Fund stock for Q1 2023, down 46% quarter-over-quarter.
  • 24 funds opened new Nuveen Municipal Credit Income Fund positions in Q1 2023 and 27 closed out, a net change of -3 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $11.2M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q1 2023 was Hennion & Walsh Asset Management, an estimated $8.84M sold.

Based on aggregated 13F filings for Q1 2023.