Nuveen Municipal Credit Income Fund
133 hedge funds and large institutions have $229M invested in Nuveen Municipal Credit Income Fund in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 29 reducing their positions, and 22 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 29
4% more capital invested
Capital invested by funds: $221M → $229M (+$8.13M)
0.89% less ownership
Funds ownership: 11.62% → 10.73% (-0.89%)
7% less funds holding
Funds holding: 143 → 133 (-10)
36% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$3.28M |
| 2 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$1.76M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.42M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$896K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$826K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.07M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$6M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.49M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.69M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.21M |
NZF Hedge Fund Activity: Q1 2019 in Review
133 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q1 2019, worth a combined $229M — up 3.7% from $221M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of NZF and 14 opened new positions — a net loss of 8 holders — while 29 trimmed existing stakes and 43 added.
The largest buyer was UBS Group, adding an estimated $3.28M. The largest seller was Rivernorth Capital Management, cutting an estimated $9.07M.
- 133 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q1 2019, down from 143 in Q4 2018.
- Funds reported $229M of Nuveen Municipal Credit Income Fund stock for Q1 2019, up 3.7% quarter-over-quarter.
- 14 funds opened new Nuveen Municipal Credit Income Fund positions in Q1 2019 and 22 closed out, a net change of -8 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q1 2019 was UBS Group, an estimated $3.28M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $9.07M sold.
Based on aggregated 13F filings for Q1 2019.