Nuveen Municipal Credit Income Fund
NZF
234 hedge funds and large institutions have $424M invested in Nuveen Municipal Credit Income Fund in 2025 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 83 increasing their positions, 62 reducing their positions, and 24 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 62
21% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 24
1% more funds holding
Funds holding: 232 → 234 (+2)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less capital invested
Capital invested by funds: $437M → $424M (-$13.1M)
1.91% less ownership
Funds ownership: 19.29% → 17.38% (-1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$2.58M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.44M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.33M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.18M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GP
Gridiron Partners
Wexford,
Pennsylvania
|
-$32.8M |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$13.6M |
| 3 |
Morgan Stanley
New York
|
-$7.45M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$5.12M |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$3.13M |
NZF Hedge Fund Activity: Q4 2025 in Review
234 of the 8,265 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2025, worth a combined $424M — down 3% from $437M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new NZF positions and 24 closed out — a net gain of 5 holders — while 83 added to existing stakes and 62 trimmed.
The largest buyer was Jane Street, adding an estimated $2.58M. The largest seller was Gridiron Partners, cutting an estimated $32.8M.
- 234 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2025, up from 232 in Q3 2025.
- Funds reported $424M of Nuveen Municipal Credit Income Fund stock for Q4 2025, down 3% quarter-over-quarter.
- 29 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2025 and 24 closed out, a net change of +5 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q4 2025 was Jane Street, an estimated $2.58M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q4 2025 was Gridiron Partners, an estimated $32.8M sold.
Based on aggregated 13F filings for Q4 2025.