Nuveen Municipal Credit Income Fund
244 hedge funds and large institutions have $616M invested in Nuveen Municipal Credit Income Fund in 2024 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 96 increasing their positions, 51 reducing their positions, and 36 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 51
2.28% less ownership
Funds ownership: 26.49% → 24.21% (-2.3%)
4% less funds holding
Funds holding: 255 → 244 (-11)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
22% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 36
39% less capital inflows, than outflows
Capital inflows: $82.5M | Capital outflows: $135M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$14.9M |
| 2 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$6.38M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
+$5.59M |
| 4 |
MAM
Milestone Asset Management
Pittsburgh,
Pennsylvania
|
+$4.74M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$3.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
-$75.5M |
| 2 |
Saba Capital Management
New York
|
-$18.2M |
| 3 |
Penserra Capital Management
Orinda,
California
|
-$7.87M |
| 4 |
Westchester Capital Management (New York)
Valhalla,
New York
|
-$2.95M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$2.73M |
NZF Hedge Fund Activity: Q3 2024 in Review
244 of the 6,987 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q3 2024, worth a combined $616M — down 3% from $635M a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of NZF and 28 opened new positions — a net loss of 8 holders — while 51 trimmed existing stakes and 96 added.
The largest buyer was Morgan Stanley, adding an estimated $14.9M. The largest seller was Karpus Investment Management, cutting an estimated $75.5M.
- 244 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q3 2024, down from 255 in Q2 2024.
- Funds reported $616M of Nuveen Municipal Credit Income Fund stock for Q3 2024, down 3% quarter-over-quarter.
- 28 funds opened new Nuveen Municipal Credit Income Fund positions in Q3 2024 and 36 closed out, a net change of -8 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q3 2024 was Morgan Stanley, an estimated $14.9M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q3 2024 was Karpus Investment Management, an estimated $75.5M sold.
Based on aggregated 13F filings for Q3 2024.