Nuveen Municipal Credit Income Fund
209 hedge funds and large institutions have $400M invested in Nuveen Municipal Credit Income Fund in 2023 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 74 increasing their positions, 51 reducing their positions, and 27 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
45% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 51
10% more capital invested
Capital invested by funds: $364M → $400M (+$35.4M)
1.87% more ownership
Funds ownership: 18.21% → 20.08% (+1.9%)
3% less funds holding
Funds holding: 216 → 209 (-7)
11% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$11.2M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
+$7.35M |
| 3 |
Morgan Stanley
New York
|
+$6.41M |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$4.19M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$3.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$8.84M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.3M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.67M |
| 5 |
FM
Family Management
New York
|
-$1.2M |
NZF Hedge Fund Activity: Q1 2023 in Review
209 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q1 2023, worth a combined $400M — up 9.7% from $364M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of NZF and 24 opened new positions — a net loss of 3 holders — while 51 trimmed existing stakes and 74 added.
The largest buyer was Karpus Investment Management, adding an estimated $11.2M. The largest seller was Hennion & Walsh Asset Management, cutting an estimated $8.84M.
- 209 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q1 2023, down from 216 in Q4 2022.
- Funds reported $400M of Nuveen Municipal Credit Income Fund stock for Q1 2023, up 9.7% quarter-over-quarter.
- 24 funds opened new Nuveen Municipal Credit Income Fund positions in Q1 2023 and 27 closed out, a net change of -3 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $11.2M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q1 2023 was Hennion & Walsh Asset Management, an estimated $8.84M sold.
Based on aggregated 13F filings for Q1 2023.