Nuveen Municipal Credit Income Fund
62 hedge funds and large institutions have $148M invested in Nuveen Municipal Credit Income Fund in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 8 closing their positions.
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
5% more funds holding
Funds holding: 59 → 62 (+3)
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
4% less capital invested
Capital invested by funds: $154M → $148M (-$6.47M)
2.15% less ownership
Funds ownership: 26.73% → 24.57% (-2.2%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$2.81M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.19M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$950K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$940K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
+$939K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$8.85M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.66M |
| 3 |
MSL
Mackay Shields LLC
New York
|
-$3.27M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.53M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$1.22M |
NZF Hedge Fund Activity: Q1 2016 in Review
62 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q1 2016, worth a combined $148M — down 4.2% from $154M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NZF positions and 8 closed out — a net gain of 4 holders — while 18 added to existing stakes and 17 trimmed.
The largest buyer was Yorktown Management & Research Company, opening a new position worth an estimated $2.81M. The largest seller was Karpus Investment Management, cutting an estimated $8.85M.
- 62 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q1 2016, up from 59 in Q4 2015.
- Funds reported $148M of Nuveen Municipal Credit Income Fund stock for Q1 2016, down 4.2% quarter-over-quarter.
- 12 funds opened new Nuveen Municipal Credit Income Fund positions in Q1 2016 and 8 closed out, a net change of +4 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q1 2016 was Yorktown Management & Research Company, an estimated $2.81M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q1 2016 was Karpus Investment Management, an estimated $8.85M sold.
Based on aggregated 13F filings for Q1 2016.