Nuveen Municipal Credit Income Fund
NZF
143 hedge funds and large institutions have $221M invested in Nuveen Municipal Credit Income Fund in 2018 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 34 increasing their positions, 41 reducing their positions, and 27 closing their positions.
30% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 27
4% more funds holding
Funds holding: 137 → 143 (+6)
1.52% more ownership
Funds ownership: 10.1% → 11.62% (+1.5%)
17% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 41
20% less capital invested
Capital invested by funds: $276M → $221M (-$54.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.17M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$5.85M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$3.47M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.1M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
-$1.54M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.43M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.03M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$863K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$816K |
NZF Hedge Fund Activity: Q4 2018 in Review
143 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2018, worth a combined $221M — down 20% from $276M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new NZF positions and 27 closed out — a net gain of 8 holders — while 34 added to existing stakes and 41 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $9.17M. The largest seller was Claybrook Capital, exiting entirely with an estimated $1.54M sold.
- 143 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2018, up from 137 in Q3 2018.
- Funds reported $221M of Nuveen Municipal Credit Income Fund stock for Q4 2018, down 20% quarter-over-quarter.
- 35 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2018 and 27 closed out, a net change of +8 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $9.17M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q4 2018 was Claybrook Capital, an estimated $1.54M sold.
Based on aggregated 13F filings for Q4 2018.