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Nuveen Municipal Credit Income Fund
NZF

243 hedge funds and large institutions have $449M invested in Nuveen Municipal Credit Income Fund in 2025 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 72 increasing their positions, 73 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 19

0% more funds holding

Funds holding: 242 → 243 (+1)

1% less repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 73

1.04% less ownership

Funds ownership: 20.46% → 19.42% (-1%)

7% less capital invested

Capital invested by funds: $485M → $449M (-$36.1M)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
243
Holders Change
+1
Holders Change %
+0.41%
% of All Funds
3.2%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
24
Increased
72
Reduced
73
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.51M
2
GC
Guggenheim Capital
Illinois
+$1.97M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.96M
4
Truist Financial
Truist Financial
North Carolina
+$1.47M
5
Raymond James Financial
Raymond James Financial
Florida
+$1.06M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$17.8M
2
RC
Rareview Capital
Nevada
-$4.6M
3
COLIM
City of London Investment Management
United Kingdom
-$3.29M
4
LPL Financial
LPL Financial
California
-$1.6M
5
Pathstone Holdings
Pathstone Holdings
New Jersey
-$1.37M
Name Holding Trade Value Shares
Change 		Change in
Stake
EWA
151
EQ Wealth Advisors
Texas
$211K – – –
MCWA
152
Meadow Creek Wealth Advisors
Georgia
$208K – – –
PMG
153
ProVise Management Group
Florida
$208K – – –
OC
154
Oppenheimer & Co
New York
$206K -$88.3K -7,466 -30%
SDAM
155
Shulman DeMeo Asset Management
New York
$196K -$142 -12 -0.1%
VIM
156
Vista Investment Management
Pennsylvania
$192K – – –
PAS
157
Park Avenue Securities
New York
$180K -$31.3K -2,647 -15%
ATPW
158
Ashton Thomas Private Wealth
Arizona
$179K – – –
FM
159
Family Management
New York
$177K – – –
Luther King Capital Management (LKCM)
160
Luther King Capital Management (LKCM)
Texas
$171K – – –
Mercer Global Advisors
161
Mercer Global Advisors
Colorado
$168K +$31K +2,617 +23%
WB
162
WesBanco Bank
West Virginia
$163K – – –
CB
163
Commerce Bank
Missouri
$162K +$23.7K +2,000 +17%
LF
164
Lantz Financial
Illinois
$160K – – –
First Trust Advisors
165
First Trust Advisors
Illinois
$159K -$2.71K -229 -2%
SWA
166
SFMG Wealth Advisors
Texas
$151K – – –
SVWAG
167
Sound View Wealth Advisors Group
Georgia
$151K -$4.4K -372 -3%
PIA
168
Powell Investment Advisors
Florida
$151K +$2.6K +220 +2%
CIA
169
Concurrent Investment Advisors
Florida
$150K +$29.8K +2,520 +25%
NG
170
Novem Group
New York
$149K – – –
QCM
171
Quantinno Capital Management
New York
$149K +$2.89K +244 +2%
Jane Street
172
Jane Street
New York
$147K +$146K +12,325 New
HW
173
Hancock Whitney
Mississippi
$147K – – –
Bank of New York Mellon
174
Bank of New York Mellon
New York
$144K -$167K -14,113 -54%
EH
175
Equitable Holdings
New York
$138K +$17K +1,438 +14%
5 6
7
8 9

NZF Hedge Fund Activity: Q2 2025 in Review

243 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q2 2025, worth a combined $449M — down 7.4% from $485M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new NZF positions and 19 closed out — a net gain of 5 holders — while 72 added to existing stakes and 73 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.51M. The largest seller was Rivernorth Capital Management, cutting an estimated $17.8M.

  • 243 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q2 2025, up from 242 in Q1 2025.
  • Funds reported $449M of Nuveen Municipal Credit Income Fund stock for Q2 2025, down 7.4% quarter-over-quarter.
  • 24 funds opened new Nuveen Municipal Credit Income Fund positions in Q2 2025 and 19 closed out, a net change of +5 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q2 2025 was Morgan Stanley, an estimated $3.51M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q2 2025 was Rivernorth Capital Management, an estimated $17.8M sold.

Based on aggregated 13F filings for Q2 2025.