Nuveen Municipal Credit Income Fund
242 hedge funds and large institutions have $548M invested in Nuveen Municipal Credit Income Fund in 2023 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 96 increasing their positions, 46 reducing their positions, and 17 closing their positions.
200% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 17
109% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 46
37% more capital invested
Capital invested by funds: $400M → $548M (+$148M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
16% more funds holding
Funds holding: 209 → 242 (+33)
4.05% more ownership
Funds ownership: 20.08% → 24.13% (+4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$46M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$25.1M |
| 3 |
Morgan Stanley
New York
|
+$16.5M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$8.8M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.7M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1.13M |
| 3 |
SOA
Sea Otter Advisors
Miami,
Florida
|
-$998K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$769K |
| 5 |
Walleye Capital
New York
|
-$623K |
NZF Hedge Fund Activity: Q2 2023 in Review
242 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q2 2023, worth a combined $548M — up 37% from $400M a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new NZF positions and 17 closed out — a net gain of 34 holders — while 96 added to existing stakes and 46 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $46M. The largest seller was Ameriprise, cutting an estimated $1.7M.
- 242 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q2 2023, up from 209 in Q1 2023.
- Funds reported $548M of Nuveen Municipal Credit Income Fund stock for Q2 2023, up 37% quarter-over-quarter.
- 51 funds opened new Nuveen Municipal Credit Income Fund positions in Q2 2023 and 17 closed out, a net change of +34 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q2 2023 was Karpus Investment Management, an estimated $46M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q2 2023 was Ameriprise, an estimated $1.7M sold.
Based on aggregated 13F filings for Q2 2023.