Nuveen Municipal Credit Income Fund
125 hedge funds and large institutions have $335M invested in Nuveen Municipal Credit Income Fund in 2016 Q2 according to their latest regulatory filings, with 71 funds opening new positions, 46 increasing their positions, 2 reducing their positions, and 7 closing their positions.
2,200% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 2
914% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 7
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
126% more capital invested
Capital invested by funds: $148M → $335M (+$187M)
102% more funds holding
Funds holding: 62 → 125 (+63)
10.16% less ownership
Funds ownership: 24.57% → 14.42% (-10%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$40.6M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$18.2M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$12.8M |
| 4 |
MSL
Mackay Shields LLC
New York
|
+$12M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$9.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OHA
Oak Hill Advisors
New York
|
-$14.5M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$6.15M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$3.47M |
| 4 |
GCL
Glazer Capital LLC
New York
|
-$269K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$99.5K |
NZF Hedge Fund Activity: Q2 2016 in Review
125 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q2 2016, worth a combined $335M — up 126% from $148M a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new NZF positions and 7 closed out — a net gain of 64 holders — while 46 added to existing stakes and 2 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $40.6M. The largest seller was Oak Hill Advisors, exiting entirely with an estimated $14.5M sold.
- 125 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q2 2016, up from 62 in Q1 2016.
- Funds reported $335M of Nuveen Municipal Credit Income Fund stock for Q2 2016, up 126% quarter-over-quarter.
- 71 funds opened new Nuveen Municipal Credit Income Fund positions in Q2 2016 and 7 closed out, a net change of +64 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q2 2016 was Morgan Stanley, an estimated $40.6M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q2 2016 was Oak Hill Advisors, an estimated $14.5M sold.
Based on aggregated 13F filings for Q2 2016.