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Nuveen Municipal Credit Income Fund
NZF

243 hedge funds and large institutions have $615M invested in Nuveen Municipal Credit Income Fund in 2024 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 97 increasing their positions, 51 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 51

3% less capital invested

Capital invested by funds: $635M → $615M (-$19.4M)

2.26% less ownership

Funds ownership: 26.49% → 24.23% (-2.3%)

4% less funds holding

Funds holding: 254 → 243 (-11)

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

23% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 35

Holders
243
Holders Change
-11
Holders Change %
-4.33%
% of All Funds
3.49%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
27
Increased
97
Reduced
51
Closed
35
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$14.9M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$6.38M
3
Pathstone Holdings
Pathstone Holdings
New Jersey
+$5.59M
4
MAM
Milestone Asset Management
Pennsylvania
+$4.74M
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$3.73M

Top Sellers

1
KIM
Karpus Investment Management
New York
-$75.5M
2
SCM
Saba Capital Management
New York
-$18.2M
3
PCM
Penserra Capital Management
California
-$7.87M
4
WCMNY
Westchester Capital Management (New York)
New York
-$2.95M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$2.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
151
First Trust Advisors
Illinois
$216K – – –
Mercer Global Advisors
152
Mercer Global Advisors
Colorado
$214K -$43.7K -3,441 -17%
VIM
153
Vista Investment Management
Pennsylvania
$210K – – –
CIBC Private Wealth Group
154
CIBC Private Wealth Group
Georgia
$209K +$23K +1,813 +13%
TFM
155
Trademark Financial Management
Minnesota
$208K -$16.5K -1,300 -8%
P
156
&Partners
Tennessee
$207K +$200K +15,792 New
S
157
Sunpointe
Missouri
$203K – – –
ATPW
158
Ashton Thomas Private Wealth
Arizona
$202K – – –
FM
159
Family Management
New York
$195K – – –
SQA
160
Simon Quick Advisors
New Jersey
$192K +$11.2K +881 +6%
LF
161
Lantz Financial
Illinois
$191K – – –
Luther King Capital Management (LKCM)
162
Luther King Capital Management (LKCM)
Texas
$188K – – –
BCA
163
Bay Colony Advisors
Massachusetts
$183K +$177K +13,977 New
SF
164
Synovus Financial
Georgia
$182K +$177K +13,916 New
WB
165
WesBanco Bank
West Virginia
$174K – – –
BB
166
Burford Brothers
Texas
$170K – – –
PIA
167
Perennial Investment Advisors
California
$168K – – –
SWA
168
SFMG Wealth Advisors
Texas
$166K – – –
OAM
169
Occidental Asset Management
California
$164K +$159K +12,497 New
MWM
170
Modern Wealth Management
Kansas
$163K -$381K -30,000 -71%
TL
171
Tradewinds LLC
North Carolina
$161K +$152 +12 +0.1%
OC
172
Oppenheimer & Co
New York
$160K +$155K +12,191 New
PIA
173
Powell Investment Advisors
Florida
$158K +$2.51K +198 +2%
SBIA
174
Sheaff Brock Investment Advisors
Indiana
$154K – – –
DWM
175
Drive Wealth Management
Utah
$153K – – –
5 6
7
8 9

NZF Hedge Fund Activity: Q3 2024 in Review

243 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q3 2024, worth a combined $615M — down 3.1% from $635M a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of NZF and 27 opened new positions — a net loss of 8 holders — while 51 trimmed existing stakes and 97 added.

The largest buyer was Morgan Stanley, adding an estimated $14.9M. The largest seller was Karpus Investment Management, cutting an estimated $75.5M.

  • 243 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q3 2024, down from 254 in Q2 2024.
  • Funds reported $615M of Nuveen Municipal Credit Income Fund stock for Q3 2024, down 3.1% quarter-over-quarter.
  • 27 funds opened new Nuveen Municipal Credit Income Fund positions in Q3 2024 and 35 closed out, a net change of -8 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q3 2024 was Morgan Stanley, an estimated $14.9M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q3 2024 was Karpus Investment Management, an estimated $75.5M sold.

Based on aggregated 13F filings for Q3 2024.