Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NUVEEN MUN HIGH INCOME OPPOR (NMZ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
1Q ▲
Buyers last Q
50%

Smart Money Signals — NMZ

Based on 123 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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 (98% of max)

98% of all-time peak
123 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.
📶

Steady growth — +6% more funds vs a year ago

fund count last 6Q
+7 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

58 buying59 selling
Last quarter: 58 funds bought or added vs 59 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+12 vs last Q)

new funds entering per quarter
Funds opening a new NMZ position: 18 → 14 → 12 → 24. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 21% medium ■ 20% new
73 out of 123 hedge funds have held NMZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -1%, value -96%

Value
-96%
Shares
-1%
Last quarter: funds added -1% more shares while total portfolio value only changed -96%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

16 → 18 → 14 → 12 → 24 new funds/Q
New funds entering each quarter: 18 → 14 → 12 → 24. A growing number of institutions are discovering NMZ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 62% of holders stayed 2+ years

■ 62% veterans ■ 12% 1-2yr ■ 26% new
Of 123 current holders: 76 (62%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
9 of 123 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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.

Hedge Fund Ownership: NMZ

How many hedge funds hold NMZ — quarterly history vs. share price
Quarterly hedge fund ownership of NMZ vs. share price

Market Analysis: NMZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NMZ

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 1 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: NMZ
2026 Q1 Stats Unlock in 20 days 123 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 123 117 5.13%
13F Shares 18M 19M -0.97%
Total Value $188M $4.78B -96.07%
New Positions 24 12 +12
Increased Positions 34 45 -11
Closed Positions 18 14 +4
Reduced Positions 41 31 +10
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NMZ

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
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Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

123 + investors

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

Top 25 institutional holders of NMZ — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Melone Private Wealth, LLC 2.85% 672,622 $7.0M
2 Gridiron Partners, LLC 2.03% 319,835 $3.3M
3 MFA Wealth Services 0.75% 109,546 $1.1M
4 Worthington Financial Partners, LLC 0.63% 70,251 $729K
5 WESPAC Advisors, LLC 0.41% 72,603 $754K
6 Platform Technology Partners 0.35% 173,235 $1.8M
7 High Net Worth Advisory Group LLC 0.34% 140,264 $1.5M
8 Everstar Asset Management, LLC 0.18% 33,474 $347K
9 Noble Wealth Management PBC 0.18% 33,664 $349K
10 MELFA WEALTH MANAGEMENT, INC. 0.12% 19,802 $206K
11 TCP Asset Management, LLC 0.11% 83,795 $870K
12 FF Advisors,LLC 0.08% 20,119 $207K
13 BLUELINE ADVISORS LLC 0.07% 9,314 $97K
14 Cane Capital Partners, LLC 0.07% 14,400 $149K
15 PFG Investments, LLC 0.06% 127,716 $1.3M
16 Plan Group Financial, LLC 0.06% 25,114 $261K
17 Kercheville Advisors, LLC 0.06% 17,579 $182K
18 Sage Capital Management, LLC 0.05% 10,500 $109K
19 DUNCKER STREETT & CO INC 0.05% 22,900 $238K
20 Outlook Wealth Advisors, LLC 0.04% 16,977 $176K
21 YHB Investment Advisors, Inc. 0.04% 53,055 $551K
22 Secure Asset Management, LLC 0.04% 22,590 $234K
23 Abel Hall, LLC 0.03% 15,000 $156K
24 LexAurum Advisors, LLC 0.02% 17,143 $178K
25 Signal Advisors Wealth, LLC 0.02% 22,698 $236K
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 — 1 quarter in a row: For 1 consecutive quarter, 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?

Slight buying edge — 50% buying: Last quarter: 58 funds bought or added vs 59 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NMZ holders?

Strong quality — 39% AUM from major funds: 9 of 123 holders rank in the top 100 by AUM, accounting for 39% 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?

59% of holders stayed for 2+ years: 73 out of 123 hedge funds have held NMZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.