Nuveen Municipal Credit Income Fund
59 hedge funds and large institutions have $154M invested in Nuveen Municipal Credit Income Fund in 2015 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 8 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 11
8% more capital invested
Capital invested by funds: $143M → $154M (+$11M)
0.45% more ownership
Funds ownership: 26.27% → 26.73% (+0.45%)
3% less funds holding
Funds holding: 61 → 59 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$1M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$980K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$624K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$543K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$474K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$2.66M |
| 2 |
PIA
Peachtree Investment Advisors
Atlanta,
Georgia
|
-$381K |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$306K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$267K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$236K |
NZF Hedge Fund Activity: Q4 2015 in Review
59 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2015, worth a combined $154M — up 7.6% from $143M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NZF and 6 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 22 added.
The largest buyer was Laurion Capital Management, adding an estimated $1M. The largest seller was Mackay Shields LLC, cutting an estimated $2.66M.
- 59 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2015, down from 61 in Q3 2015.
- Funds reported $154M of Nuveen Municipal Credit Income Fund stock for Q4 2015, up 7.6% quarter-over-quarter.
- 6 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2015 and 8 closed out, a net change of -2 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q4 2015 was Laurion Capital Management, an estimated $1M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q4 2015 was Mackay Shields LLC, an estimated $2.66M sold.
Based on aggregated 13F filings for Q4 2015.