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Nuveen Municipal Credit Income Fund
NZF

152 hedge funds and large institutions have $216M invested in Nuveen Municipal Credit Income Fund in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 35 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 35

7% more capital invested

Capital invested by funds: $202M → $216M (+$14.4M)

0.2% more ownership

Funds ownership: 10.15% → 10.34% (+0.2%)

4% less funds holding

Funds holding: 159 → 152 (-7)

33% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 18

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
152
Holders Change
-7
Holders Change %
-4.4%
% of All Funds
3.12%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
12
Increased
44
Reduced
35
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$6.9M
2
PPA
Parametric Portfolio Associates
Washington
+$3.4M
3
CPC
Congress Park Capital
New York
+$3.04M
4
RCM
Robinson Capital Management
Michigan
+$2.52M
5
STA
Summit Trail Advisors
New York
+$1.66M

Top Sellers

1
OA
Oxbow Advisors
Texas
-$7.1M
2
KIM
Karpus Investment Management
New York
-$3.37M
3
Bank of America
Bank of America
North Carolina
-$2.79M
4
LCM
Landscape Capital Management
New Jersey
-$1.38M
5
SA
Strategic Advisors
New York
-$683K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$26.7M -$242K -17,294 -0.9%
Morgan Stanley
2
Morgan Stanley
New York
$23.2M +$427K +30,537 +2%
Wells Fargo
3
Wells Fargo
California
$14.9M -$477K -34,104 -3%
Bank of America
4
Bank of America
North Carolina
$11.9M -$2.79M -199,413 -20%
RCM
5
Rivernorth Capital Management
Florida
$11.8M +$6.9M +493,355 +162%
RCM
6
Robinson Capital Management
Michigan
$11.3M +$2.52M +180,101 +31%
VanEck Associates
7
VanEck Associates
New York
$9.07M +$474K +33,878 +6%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$4.6M -$46.2K -3,303 -1%
OA
9
Oxbow Advisors
Texas
$4.44M -$7.1M -507,320 -63%
Commonwealth Equity Services
10
Commonwealth Equity Services
Massachusetts
$3.9M +$470K +33,559 +15%
Cohen & Steers
11
Cohen & Steers
New York
$3.78M +$270K +19,304 +8%
Stifel Financial
12
Stifel Financial
Missouri
$3.6M +$479K +34,252 +16%
PPA
13
Parametric Portfolio Associates
Washington
$3.58M +$3.4M +242,624 New
GC
14
Guggenheim Capital
Illinois
$3.55M +$328K +23,458 +11%
Invesco
15
Invesco
Georgia
$3.28M +$65.7K +4,695 +2%
JWA
16
JFS Wealth Advisors
Pennsylvania
$3.22M +$436K +31,128 +17%
CPC
17
Congress Park Capital
New York
$3.21M +$3.04M +217,500 New
AA
18
AQR Arbitrage
Connecticut
$3.08M +$106K +7,540 +4%
Osaic Holdings
19
Osaic Holdings
Arizona
$2.9M -$603K -43,080 -18%
LPL Financial
20
LPL Financial
California
$2.83M +$392K +27,996 +17%
Baird Financial Group
21
Baird Financial Group
Wisconsin
$2.26M +$30.1K +2,149 +1%
Allianz Asset Management
22
Allianz Asset Management
Germany
$2.23M – – –
WCMNY
23
Westchester Capital Management (New York)
New York
$2.18M – – –
RJFSA
24
Raymond James Financial Services Advisors
Florida
$1.99M +$261K +18,661 +16%
CIA
25
Capital Investment Advisors
Georgia
$1.93M +$1.36K +97 +0.1%
1
2 3 4 5

NZF Hedge Fund Activity: Q2 2020 in Review

152 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q2 2020, worth a combined $216M — up 7.1% from $202M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of NZF and 12 opened new positions — a net loss of 6 holders — while 35 trimmed existing stakes and 44 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $6.9M. The largest seller was Oxbow Advisors, cutting an estimated $7.1M.

  • 152 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q2 2020, down from 159 in Q1 2020.
  • Funds reported $216M of Nuveen Municipal Credit Income Fund stock for Q2 2020, up 7.1% quarter-over-quarter.
  • 12 funds opened new Nuveen Municipal Credit Income Fund positions in Q2 2020 and 18 closed out, a net change of -6 holders.
  • The largest Nuveen Municipal Credit Income Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $6.9M added.
  • The largest Nuveen Municipal Credit Income Fund seller in Q2 2020 was Oxbow Advisors, an estimated $7.1M sold.

Based on aggregated 13F filings for Q2 2020.