Nuveen Municipal Credit Income Fund
120 hedge funds and large institutions have $233M invested in Nuveen Municipal Credit Income Fund in 2017 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 37 increasing their positions, 30 reducing their positions, and 11 closing their positions.
36% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 11
23% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 30
3% more funds holding
Funds holding: 117 → 120 (+3)
0.96% less ownership
Funds ownership: 11.67% → 10.71% (-0.96%)
63% less capital inflows, than outflows
Capital inflows: $11.9M | Capital outflows: $32M
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.48M |
| 2 |
Morgan Stanley
New York
|
+$1.46M |
| 3 |
Tradewinds Capital Management
Bellingham,
Washington
|
+$1.01M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$845K |
| 5 |
Cohen & Steers
New York
|
+$743K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$10.3M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.3M |
| 3 |
Karpus Investment Management
Pittsford,
New York
|
-$5.02M |
| 4 |
Guggenheim Capital
Chicago,
Illinois
|
-$2.06M |
| 5 |
LPL Financial
San Diego,
California
|
-$2.04M |
NZF Hedge Fund Activity: Q2 2017 in Review
120 of the 4,023 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q2 2017, worth a combined $233M — down 5.2% from $246M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NZF positions and 11 closed out — a net gain of 4 holders — while 37 added to existing stakes and 30 trimmed.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $1.48M. The largest seller was Wells Fargo, cutting an estimated $10.3M.
- 120 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q2 2017, up from 117 in Q1 2017.
- Funds reported $233M of Nuveen Municipal Credit Income Fund stock for Q2 2017, down 5.2% quarter-over-quarter.
- 15 funds opened new Nuveen Municipal Credit Income Fund positions in Q2 2017 and 11 closed out, a net change of +4 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $1.48M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q2 2017 was Wells Fargo, an estimated $10.3M sold.
Based on aggregated 13F filings for Q2 2017.