Nuveen Municipal Credit Income Fund
216 hedge funds and large institutions have $364M invested in Nuveen Municipal Credit Income Fund in 2022 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 60 increasing their positions, 61 reducing their positions, and 20 closing their positions.
115% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 20
26% more capital invested
Capital invested by funds: $288M → $364M (+$75.9M)
11% more funds holding
Funds holding: 195 → 216 (+21)
2.85% more ownership
Funds ownership: 15.36% → 18.21% (+2.9%)
2% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 61
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$27.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$18.9M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$4.05M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$3.6M |
| 5 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$3.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$7.27M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.12M |
| 3 |
Morgan Stanley
New York
|
-$2.9M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$2.32M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.91M |
NZF Hedge Fund Activity: Q4 2022 in Review
216 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2022, worth a combined $364M — up 26% from $288M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new NZF positions and 20 closed out — a net gain of 23 holders — while 60 added to existing stakes and 61 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $27.7M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $7.27M.
- 216 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2022, up from 195 in Q3 2022.
- Funds reported $364M of Nuveen Municipal Credit Income Fund stock for Q4 2022, up 26% quarter-over-quarter.
- 43 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2022 and 20 closed out, a net change of +23 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q4 2022 was Karpus Investment Management, an estimated $27.7M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q4 2022 was Hennion & Walsh Asset Management, an estimated $7.27M sold.
Based on aggregated 13F filings for Q4 2022.