Nuveen Municipal Credit Income Fund
66 hedge funds and large institutions have $144M invested in Nuveen Municipal Credit Income Fund in 2014 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 10 increasing their positions, 37 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
14% more funds holding
Funds holding: 58 → 66 (+8)
0.01% less ownership
Funds ownership: 26.24% → 26.24% (-0.01%)
0% less capital invested
Capital invested by funds: $145M → $144M (-$138K)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
73% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$3.5M |
| 2 |
B
Baird
Milwaukee,
Wisconsin
|
+$2.97M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.76M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$2.68M |
| 5 |
DMAM
Del Mar Asset Management
New York
|
+$1.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.15M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$2.25M |
| 3 |
OHA
Oak Hill Advisors
New York
|
-$1.49M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.4M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.34M |
NZF Hedge Fund Activity: Q3 2014 in Review
66 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q3 2014, worth a combined $144M — down 0.1% from $145M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NZF positions and 6 closed out — a net gain of 8 holders — while 10 added to existing stakes and 37 trimmed.
The largest buyer was Icon Advisers, opening a new position worth an estimated $3.5M. The largest seller was Karpus Investment Management, cutting an estimated $5.15M.
- 66 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q3 2014, up from 58 in Q2 2014.
- Funds reported $144M of Nuveen Municipal Credit Income Fund stock for Q3 2014, down 0.1% quarter-over-quarter.
- 14 funds opened new Nuveen Municipal Credit Income Fund positions in Q3 2014 and 6 closed out, a net change of +8 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q3 2014 was Icon Advisers, an estimated $3.5M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q3 2014 was Karpus Investment Management, an estimated $5.15M sold.
Based on aggregated 13F filings for Q3 2014.