Nuveen Municipal Credit Income Fund
63 hedge funds and large institutions have $119M invested in Nuveen Municipal Credit Income Fund in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 8 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
25% more capital invested
Capital invested by funds: $94.9M → $119M (+$23.7M)
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
3.36% more ownership
Funds ownership: 18.87% → 22.24% (+3.4%)
2% more funds holding
Funds holding: 62 → 63 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$11.6M |
| 2 |
OHA
Oak Hill Advisors
New York
|
+$7.37M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.95M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$668K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$493K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.38M |
| 2 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$1.02M |
| 3 |
VAM
Visium Asset Management
New York
|
-$759K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$576K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$560K |
NZF Hedge Fund Activity: Q1 2014 in Review
63 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q1 2014, worth a combined $119M — up 25% from $94.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NZF positions and 8 closed out — a net gain of 1 holder — while 19 added to existing stakes and 15 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $11.6M. The largest seller was Morgan Stanley, cutting an estimated $1.38M.
- 63 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q1 2014, up from 62 in Q4 2013.
- Funds reported $119M of Nuveen Municipal Credit Income Fund stock for Q1 2014, up 25% quarter-over-quarter.
- 9 funds opened new Nuveen Municipal Credit Income Fund positions in Q1 2014 and 8 closed out, a net change of +1 holder.
- The largest Nuveen Municipal Credit Income Fund buyer in Q1 2014 was Karpus Investment Management, an estimated $11.6M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q1 2014 was Morgan Stanley, an estimated $1.38M sold.
Based on aggregated 13F filings for Q1 2014.