Nuveen Municipal Credit Income Fund
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 13 funds opening new positions, 44 increasing their positions, 35 reducing their positions, and 18 closing their positions.
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)
0.21% more ownership
Funds ownership: 10.13% → 10.34% (+0.21%)
4% less funds holding
Funds holding: 158 → 152 (-6)
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.9M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.4M |
| 3 |
CPC
Congress Park Capital
Saratoga Springs,
New York
|
+$3.04M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.52M |
| 5 |
STA
Summit Trail Advisors
New York
|
+$1.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
-$7.1M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.37M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.79M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.38M |
| 5 |
SA
Strategic Advisors
New York
|
-$683K |
NZF Hedge Fund Activity: Q2 2020 in Review
152 of the 4,888 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 13 opened new positions — a net loss of 5 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 158 in Q1 2020.
- Funds reported $216M of Nuveen Municipal Credit Income Fund stock for Q2 2020, up 7.1% quarter-over-quarter.
- 13 funds opened new Nuveen Municipal Credit Income Fund positions in Q2 2020 and 18 closed out, a net change of -5 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.