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Nuveen Municipal Credit Income Fund
NZF

254 hedge funds and large institutions have $635M invested in Nuveen Municipal Credit Income Fund in 2024 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 76 increasing their positions, 74 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 22

3% more funds holding

Funds holding: 246 → 254 (+8)

3% more repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 74

4% less capital invested

Capital invested by funds: $658M → $635M (-$23.7M)

1.16% less ownership

Funds ownership: 27.64% → 26.49% (-1.2%)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
254
Holders Change
+8
Holders Change %
+3.25%
% of All Funds
3.67%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.07%
New
34
Increased
76
Reduced
74
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MSL
Mackay Shields LLC
New York
+$20.9M
2
HWAM
Hennion & Walsh Asset Management
New Jersey
+$2.9M
3
Morgan Stanley
Morgan Stanley
New York
+$1.87M
4
RVPG
Relative Value Partners Group
+$1.34M
5
Bank of America
Bank of America
North Carolina
+$1.34M

Top Sellers

1
LSC
Logan Stone Capital
Illinois
-$14.2M
2
SCM
Saba Capital Management
New York
-$12.9M
3
AA
AQR Arbitrage
Connecticut
-$5.54M
4
SIA
Sit Investment Associates
Minnesota
-$5.12M
5
PCM
PenderFund Capital Management
British Columbia, Canada
-$4.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
PIA
176
Perennial Investment Advisors
California
$158K – – –
SWA
177
SFMG Wealth Advisors
Texas
$157K -$36K -3,000 -19%
ITIM
178
Indiana Trust & Investment Management
Indiana
$153K – – –
TL
179
Tradewinds LLC
North Carolina
$152K +$148K +12,308 New
WI
180
Wintrust Investments
Illinois
$151K +$11.5K +954 +8%
PIA
181
Powell Investment Advisors
Florida
$146K +$1.8K +150 +1%
BFC
182
Bedel Financial Consulting
Indiana
$146K – – –
SBIA
183
Sheaff Brock Investment Advisors
Indiana
$146K – – –
DWM
184
Drive Wealth Management
Utah
$144K -$93.7K -7,800 -40%
CB
185
Commerce Bank
Missouri
$143K -$112K -9,304 -45%
MA
186
MKT Advisors
California
$141K – – –
MWM
187
Melfa Wealth Management
Massachusetts
$139K +$36 +3 +0%
CFS
188
Commonwealth Financial Services
West Virginia
$138K – – –
PCM
189
Permanent Capital Management
Illinois
$137K +$137K +11,397 New
Thrivent Financial for Lutherans
190
Thrivent Financial for Lutherans
Minnesota
$136K – – –
MML Investors Services
191
MML Investors Services
Massachusetts
$136K +$132K +10,973 New
AAS
192
Avantax Advisory Services
Texas
$135K -$931K -77,459 -88%
CIA
193
Concurrent Investment Advisors
Florida
$134K -$9.55K -795 -7%
AO
194
Advisor OS
Illinois
$130K +$127K +10,534 New
VF
195
Virtu Financial
New York
$130K +$126K +10,502 New
US Bancorp
196
US Bancorp
Minnesota
$128K +$3.92K +326 +3%
HVIA
197
Hudson Valley Investment Advisors
New York
$127K – – –
PS
198
Principal Securities
Iowa
$126K +$116K +9,631 +1,595%
RJT
199
Raymond James Trust
Florida
$125K +$122K +10,112 New
TPWA
200
TRUE Private Wealth Advisors
Oregon
$125K – – –
6 7
8
9 10

NZF Hedge Fund Activity: Q2 2024 in Review

254 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q2 2024, worth a combined $635M — down 3.6% from $658M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new NZF positions and 22 closed out — a net gain of 12 holders — while 76 added to existing stakes and 74 trimmed.

The largest buyer was Mackay Shields LLC, adding an estimated $20.9M. The largest seller was Logan Stone Capital, cutting an estimated $14.2M.

  • 254 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q2 2024, up from 246 in Q1 2024.
  • Funds reported $635M of Nuveen Municipal Credit Income Fund stock for Q2 2024, down 3.6% quarter-over-quarter.
  • 34 funds opened new Nuveen Municipal Credit Income Fund positions in Q2 2024 and 22 closed out, a net change of +12 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q2 2024 was Mackay Shields LLC, an estimated $20.9M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q2 2024 was Logan Stone Capital, an estimated $14.2M sold.

Based on aggregated 13F filings for Q2 2024.