NMZ Hedge Fund Ownership (Q2 2026)

Nuveen Mun High Income Oppor (NMZ)

213 + Investors. Track Smart Money conviction in NMZ. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — NMZ

Based on 214 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added NMZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

214 hedge funds hold NMZ right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +73% more funds vs a year ago

fund count last 6Q

+90 new funds entered over the past year (+73% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 83% buying

171 buying34 selling

Last quarter: 171 funds were net buyers (91 opened a brand new position + 80 added to an existing one). Only 34 were sellers (19 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+67 vs last Q)

new funds entering per quarter

Funds opening a new NMZ position: 13 → 24 → 24 → 91. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

📌

Mixed — 39% long-term, 46% new

■ 39% conviction (2yr+) ■ 15% medium ■ 46% new

Of the 214 current holders: 83 (39%) held >2 years, 33 held 1–2 years, and 98 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

🚀

Acceleration phase — new buyers rushing in

15 → 13 → 24 → 24 → 91 new funds/Q

New funds entering each quarter: 13 → 24 → 24 → 91. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.

🏛️

Veteran-anchored — 46% veterans vs 44% newcomers

■ 46% veterans ■ 10% 1-2yr ■ 44% new

Entry-cohort mix of 214 holders: 99 (46%) are 2+ year veterans, 21 entered 1–2 years ago, and 94 (44%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds

14 of 214 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

5.0

out of 10

Moderate Exit Risk

Exit risk score 5.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	213	138	54.35%
13F Shares	34M	20M	68.93%
Total Value	$329M	$199M	65.09%
New Positions	91	24	+67
Increased Positions	79	59	+20
Closed Positions	16	13	+3
Reduced Positions	19	21	-2
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

213

138

54.35%

13F Shares

34M

20M

68.93%

Total Value

$329M

$199M

65.09%

New Positions

+67

Increased Positions

+20

Closed Positions

Reduced Positions

-2

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

213 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NMZ. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 NMZ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Melone Private Wealth, LLC	3.41%	846,287	$8.9M
2	North Ground Capital	1.14%	89,600	$947K
3	Hennion & Walsh Asset Management, Inc.	0.67%	2,217,036	$23.4M
4	Worthington Financial Partners, LLC	0.62%	70,330	$743K
5	MFA Wealth Services	0.60%	95,615	$1.0M
6	Gridiron Partners, LLC	0.56%	101,622	$1.1M
7	Thompson David Blair	0.56%	94,242	$978K
8	Rivernorth Capital Management, LLC	0.53%	1,049,891	$11.1M
9	Camelot Portfolios, LLC	0.50%	67,263	$711K
10	Palogic Value Management, L.P.	0.47%	135,750	$1.4M
11	BCS Private Wealth Management, Inc.	0.43%	134,954	$1.4M
12	Eq Wealth Advisors, LLC	0.41%	70,022	$740K
13	WESPAC Advisors, LLC	0.37%	72,603	$767K
14	Platform Technology Partners	0.33%	193,277	$2.0M
15	High Net Worth Advisory Group LLC	0.31%	136,345	$1.4M
16	Wakefield Asset Management LLLP	0.28%	115,718	$1.2M
17	AmeriServ Wealth Advisors	0.28%	39,137	$414K
18	Melfa Wealth Management, INC.	0.24%	41,574	$439K
19	Ellis Investment Partners, LLC	0.22%	139,381	$1.5M
20	Core Wealth Partners LLC	0.20%	44,599	$471K
21	Everstar Asset Management, LLC	0.19%	37,529	$397K
22	J.W. Cole Advisors, INC.	0.19%	1,023,649	$10.8M
23	Chancellor Financial Group WB LP	0.17%	26,126	$276K
24	Guggenheim Capital LLC	0.16%	2,376,749	$25.1M
25	Closed-End Fund Advisors, Inc.	0.16%	15,275	$161K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Nuveen Mun High Income Oppor (NMZ)

What does the Smart Money Trend signal show for NMZ?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added NMZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NMZ?

More buyers than sellers — 83% buying: Last quarter: 171 funds were net buyers (91 opened a brand new position + 80 added to an existing one). Only 34 were sellers (19 trimmed + 15 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NMZ holders?

Strong quality — 34% AUM from major funds: 14 of 214 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held NMZ?

Mixed — 39% long-term, 46% new: Of the 214 current holders: 83 (39%) held >2 years, 33 held 1–2 years, and 98 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Nuveen Mun High Income Oppor (NMZ)

Smart Money Signals — NMZ

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +73% more funds vs a year ago

More buyers than sellers — 83% buying

More new buyers each quarter (+67 vs last Q)

Mixed — 39% long-term, 46% new

Acceleration phase — new buyers rushing in

Veteran-anchored — 46% veterans vs 44% newcomers

Strong quality — 34% AUM from major funds

Institutional Sentiment Summary — NMZ

Hedge Fund Ownership: NMZ

Market Analysis: NMZ

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: NMZ

Hedge Fund Positioning: NMZ

Statistics: NMZ

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Nuveen Mun High Income Oppor (NMZ)

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