NUVEEN MUN CR INCOME FD (NZF): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

NUVEEN MUN CR INCOME FD (NZF)

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

Smart Money Signals — NZF

Based on 220 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 NZF 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.

📊

High ownership — 90% of 3.0Y peak

90% of all-time peak

220 funds currently hold this stock — 90% of the 3.0-year high of 245 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📉

Outflows — 10% fewer funds vs a year ago

fund count last 6Q

25 fewer hedge funds hold NZF compared to a year ago (-10% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.

🟡

Slight buying edge — 57% buying

109 buying83 selling

Last quarter: 109 funds bought or added vs 83 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 (+9 vs last Q)

new funds entering per quarter

Funds opening a new NZF position: 19 → 22 → 21 → 30. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 20% medium ■ 16% new

142 out of 220 hedge funds have held NZF 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 -11%, value -98%

Value

-98%

-11%

Last quarter: funds added -11% more shares while total portfolio value only changed -98%. 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

36 → 19 → 22 → 21 → 30 new funds/Q

New funds entering each quarter: 19 → 22 → 21 → 30. A growing number of institutions are discovering NZF each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Deep conviction — 64% of holders stayed 2+ years

■ 64% veterans ■ 15% 1-2yr ■ 22% new

Of 220 current holders: 140 (64%) 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.

🏆

Elite ownership — 42% AUM from top-100 funds

42% from top-100 AUM funds

15 of 220 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in NZF. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

2.9

out of 10

Low Exit Risk

Exit risk score 2.9/10 — 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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	220	217	1.38%
13F Shares	33M	37M	-10.95%
Total Value	$419M	$24.65B	-98.3%
New Positions	30	21	+9
Increased Positions	79	77	+2
Closed Positions	27	32	-5
Reduced Positions	56	58	-2
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

220

217

1.38%

13F Shares

33M

37M

-10.95%

Total Value

$419M

$24.65B

-98.3%

New Positions

Increased Positions

Closed Positions

-5

Reduced Positions

-2

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

220 + investors

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

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 25 institutional holders of NZF — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Melone Private Wealth, LLC	4.25%	855,182	$10.4M
2	Congress Park Capital LLC	1.64%	437,500	$5.3M
3	Gridiron Partners, LLC	1.22%	163,501	$2.0M
4	LAKE STREET PRIVATE WEALTH, LLC	0.57%	366,950	$4.5M
5	Wealth Care LLC	0.54%	50,000	$609K
6	PRIMORIS WEALTH ADVISORS, LLC	0.52%	60,755	$740K
7	GREATMARK INVESTMENT PARTNERS, INC.	0.45%	316,300	$3.9M
8	FF Advisors,LLC	0.45%	87,495	$1.1M
9	Summit Financial Consulting LLC	0.35%	39,901	$486K
10	Whipplewood Advisors, LLC	0.29%	46,383	$565K
11	Fortitude Advisory Group L.L.C.	0.29%	53,136	$647K
12	Compass Financial Group, INC/SD	0.28%	164,004	$2.0M
13	Renasant Bank	0.24%	28,300	$345K
14	Wealth Alliance Advisory Group, LLC	0.21%	111,485	$1.4M
15	SILVERLAKE WEALTH MANAGEMENT LLC	0.21%	83,531	$1.0M
16	Sunpointe, LLC	0.20%	50,098	$610K
17	David J Yvars Group	0.18%	26,850	$327K
18	EQ WEALTH ADVISORS, LLC	0.15%	20,467	$249K
19	River Street Advisors LLC	0.14%	34,431	$419K
20	MELFA WEALTH MANAGEMENT, INC.	0.12%	16,990	$207K
21	Meadow Creek Wealth Advisors LLC	0.12%	14,989	$183K
22	Burford Brothers, Inc.	0.11%	22,850	$278K
23	Plan Group Financial, LLC	0.11%	38,665	$471K
24	Catalina Capital Group, LLC	0.11%	14,511	$177K
25	Atala Financial Inc	0.10%	12,080	$149K

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 CR INCOME FD (NZF)

What does the Smart Money Trend signal show for NZF?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added NZF 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 NZF?

Slight buying edge — 57% buying: Last quarter: 109 funds bought or added vs 83 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 NZF holders?

Elite ownership — 42% AUM from top-100 funds: 15 of 220 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in NZF. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NZF?

65% of holders stayed for 2+ years: 142 out of 220 hedge funds have held NZF 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.

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NUVEEN MUN CR INCOME FD (NZF)

Smart Money Signals — NZF

Buying streak — 1 quarter in a row

High ownership — 90% of 3.0Y peak

Outflows — 10% fewer funds vs a year ago

Slight buying edge — 57% buying

More new buyers each quarter (+9 vs last Q)

65% of holders stayed for 2+ years

Buying through price weakness — shares -11%, value -98%

Growing discovery — still being found

Deep conviction — 64% of holders stayed 2+ years

Elite ownership — 42% AUM from top-100 funds

Hedge Fund Ownership: NZF

Market Analysis: NZF

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: NZF

Hedge Fund Positioning: NZF

Statistics: NZF

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — NUVEEN MUN CR INCOME FD (NZF)

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