Nuveen Municipal Credit Income Fund
240 hedge funds and large institutions have $534M invested in Nuveen Municipal Credit Income Fund in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 83 increasing their positions, 65 reducing their positions, and 22 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 65
2.14% more ownership
Funds ownership: 24.13% → 26.27% (+2.1%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1% less funds holding
Funds holding: 242 → 240 (-2)
3% less capital invested
Capital invested by funds: $548M → $534M (-$13.9M)
9% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$18.5M |
| 2 |
Morgan Stanley
New York
|
+$10.2M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$8.14M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.82M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$5.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WP
Woodline Partners
San Francisco,
California
|
-$7.43M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.57M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.29M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.34M |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$1.26M |
NZF Hedge Fund Activity: Q3 2023 in Review
240 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q3 2023, worth a combined $534M — down 2.5% from $548M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of NZF and 20 opened new positions — a net loss of 2 holders — while 65 trimmed existing stakes and 83 added.
The largest buyer was Saba Capital Management, adding an estimated $18.5M. The largest seller was Woodline Partners, cutting an estimated $7.43M.
- 240 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q3 2023, down from 242 in Q2 2023.
- Funds reported $534M of Nuveen Municipal Credit Income Fund stock for Q3 2023, down 2.5% quarter-over-quarter.
- 20 funds opened new Nuveen Municipal Credit Income Fund positions in Q3 2023 and 22 closed out, a net change of -2 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q3 2023 was Saba Capital Management, an estimated $18.5M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q3 2023 was Woodline Partners, an estimated $7.43M sold.
Based on aggregated 13F filings for Q3 2023.