Nuveen Municipal Credit Income Fund
58 hedge funds and large institutions have $145M invested in Nuveen Municipal Credit Income Fund in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 11 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
31% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 16
22% more capital invested
Capital invested by funds: $119M → $145M (+$26M)
4.01% more ownership
Funds ownership: 22.24% → 26.24% (+4%)
8% less funds holding
Funds holding: 63 → 58 (-5)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$12.8M |
| 2 |
OHA
Oak Hill Advisors
New York
|
+$5.82M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$4.49M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$1.37M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$3.05M |
| 2 |
Morgan Stanley
New York
|
-$2.01M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$1.45M |
| 4 |
ACM
Argentus Capital Management
Dallas,
Texas
|
-$968K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$771K |
NZF Hedge Fund Activity: Q2 2014 in Review
58 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q2 2014, worth a combined $145M — up 22% from $119M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NZF and 6 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 21 added.
The largest buyer was Karpus Investment Management, adding an estimated $12.8M. The largest seller was Newgate Capital Management, exiting entirely with an estimated $3.05M sold.
- 58 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q2 2014, down from 63 in Q1 2014.
- Funds reported $145M of Nuveen Municipal Credit Income Fund stock for Q2 2014, up 22% quarter-over-quarter.
- 6 funds opened new Nuveen Municipal Credit Income Fund positions in Q2 2014 and 11 closed out, a net change of -5 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q2 2014 was Karpus Investment Management, an estimated $12.8M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q2 2014 was Newgate Capital Management, an estimated $3.05M sold.
Based on aggregated 13F filings for Q2 2014.