Nuveen Municipal Credit Income Fund
158 hedge funds and large institutions have $202M invested in Nuveen Municipal Credit Income Fund in 2020 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 34 increasing their positions, 47 reducing their positions, and 15 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
93% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 15
6% more funds holding
Funds holding: 149 → 158 (+9)
0.01% less ownership
Funds ownership: 10.14% → 10.13% (-0.01%)
14% less capital invested
Capital invested by funds: $235M → $202M (-$33.6M)
28% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$5.95M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.77M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.76M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$3.16M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$2.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$20.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.05M |
| 3 |
WWM
Western Wealth Management
Golden,
Colorado
|
-$1.89M |
| 4 |
WKWM
Walter & Keenan Wealth Management
Souh Bend,
Indiana
|
-$1.67M |
| 5 |
Morgan Stanley
New York
|
-$1.13M |
NZF Hedge Fund Activity: Q1 2020 in Review
158 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q1 2020, worth a combined $202M — down 14% from $235M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new NZF positions and 15 closed out — a net gain of 14 holders — while 34 added to existing stakes and 47 trimmed.
The largest buyer was Robinson Capital Management, adding an estimated $5.95M. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $20.7M sold.
- 158 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q1 2020, up from 149 in Q4 2019.
- Funds reported $202M of Nuveen Municipal Credit Income Fund stock for Q1 2020, down 14% quarter-over-quarter.
- 29 funds opened new Nuveen Municipal Credit Income Fund positions in Q1 2020 and 15 closed out, a net change of +14 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q1 2020 was Robinson Capital Management, an estimated $5.95M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q1 2020 was Mackay Shields LLC, an estimated $20.7M sold.
Based on aggregated 13F filings for Q1 2020.