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Nuveen Municipal Credit Income Fund
NZF

250 hedge funds and large institutions have $673M invested in Nuveen Municipal Credit Income Fund in 2023 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 73 increasing their positions, 72 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 27

26% more capital invested

Capital invested by funds: $534M → $673M (+$139M)

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

4% more funds holding

Funds holding: 240 → 250 (+10)

2.98% more ownership

Funds ownership: 26.27% → 29.25% (+3%)

1% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 72

Holders
250
Holders Change
+10
Holders Change %
+4.17%
% of All Funds
3.64%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
42
Increased
73
Reduced
72
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$23.1M
2
Bank of America
Bank of America
North Carolina
+$11.2M
3
SCM
Saba Capital Management
New York
+$6.32M
4
LSC
Logan Stone Capital
Illinois
+$4.42M
5
LCM
Landscape Capital Management
New Jersey
+$3.25M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$17.3M
2
KIM
Karpus Investment Management
New York
-$7.73M
3
WP
Woodline Partners
California
-$6.53M
4
SIA
Sit Investment Associates
Minnesota
-$4.8M
5
Osaic Holdings
Osaic Holdings
Arizona
-$1.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
MA
176
MKT Advisors
California
$154K – – –
BB
177
Burford Brothers
Texas
$154K +$143K +13,000 New
PIA
178
Perennial Investment Advisors
California
$151K – – –
DP
179
Denver PWM
Colorado
$151K +$1.77K +161 +1%
RJT
180
Raymond James Trust
Florida
$149K +$15.2K +1,382 +12%
M&T Bank
181
M&T Bank
New York
$149K -$21.8K -1,985 -14%
ITIM
182
Indiana Trust & Investment Management
Indiana
$147K – – –
WI
183
Wintrust Investments
Illinois
$145K -$41.6K -3,791 -24%
BFC
184
Bedel Financial Consulting
Indiana
$140K – – –
SBIA
185
Sheaff Brock Investment Advisors
Indiana
$139K -$26.3K -2,400 -17%
OA
186
Oxbow Advisors
Texas
$139K +$129K +11,758 New
CIA
187
Concurrent Investment Advisors
Florida
$137K +$128K +11,627 New
CB
188
Commerce Bank
Missouri
$137K – – –
PIA
189
Powell Investment Advisors
Florida
$136K +$1.41K +128 +1%
MWM
190
Melfa Wealth Management
Massachusetts
$133K +$132 +12 +0.1%
SF
191
Synovus Financial
Georgia
$132K -$3.63K -331 -3%
CFS
192
Commonwealth Financial Services
West Virginia
$132K – – –
KWM
193
Kingsview Wealth Management
Oregon
$130K +$22 +2 +0%
Thrivent Financial for Lutherans
194
Thrivent Financial for Lutherans
Minnesota
$130K – – –
NAM
195
NorthCrest Asset Manangement
Minnesota
$130K +$121K +10,994 New
HVIA
196
Hudson Valley Investment Advisors
New York
$127K – – –
XF
197
XML Financial
Maryland
$119K -$49.4K -4,500 -31%
TPWA
198
TRUE Private Wealth Advisors
Oregon
$119K – – –
US Bancorp
199
US Bancorp
Minnesota
$119K +$54.7K +4,983 +98%
SBWIC
200
Schaper Benz & Wise Investment Counsel
Wisconsin
$118K – – –
6 7
8
9 10

NZF Hedge Fund Activity: Q4 2023 in Review

250 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2023, worth a combined $673M — up 26% from $534M a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new NZF positions and 27 closed out — a net gain of 15 holders — while 73 added to existing stakes and 72 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $23.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $17.3M.

  • 250 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2023, up from 240 in Q3 2023.
  • Funds reported $673M of Nuveen Municipal Credit Income Fund stock for Q4 2023, up 26% quarter-over-quarter.
  • 42 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2023 and 27 closed out, a net change of +15 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $23.1M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $17.3M sold.

Based on aggregated 13F filings for Q4 2023.