Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NUVEEN MUN CR INCOME FD (NZF)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
1Q ▲
Buyers last Q
57%

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%
Shares
-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.

Institutional Sentiment Summary — NZF

In 2025 Q4, 109 hedge funds were net buyers of NZF (30 opened a new position, 79 added to an existing one), while 83 reduced or exited (56 trimmed, 27 sold completely) — a 57% buyer ratio, indicating a slight buying edge. 42% of total institutional value in NZF is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 220.

Hedge Fund Ownership: NZF

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

Market Analysis: NZF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NZF

Financial Services Asset Management

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

21 top-rated funds 0 high-conviction
Consensus
5.8
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: NZF
2026 Q1 Stats Unlock in 8 days 220 + Investors

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

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

Statistics: NZF

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
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Income Statement & Cash Flow
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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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.

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 Carson Advisory Inc. 0.85% 134,230 $1.6M
5 Westview Management dba Westview Investment Advisors 0.74% 117,151 $1.4M
6 McGowan Group Asset Management, Inc. 0.72% 466,674 $5.7M
7 LAKE STREET PRIVATE WEALTH, LLC 0.57% 366,950 $4.5M
8 Wealth Care LLC 0.54% 50,000 $609K
9 PRIMORIS WEALTH ADVISORS, LLC 0.52% 60,755 $740K
10 GREATMARK INVESTMENT PARTNERS, INC. 0.45% 316,300 $3.9M
11 FF Advisors,LLC 0.45% 87,495 $1.1M
12 Closed-End Fund Advisors, Inc. 0.44% 35,149 $428K
13 Summit Financial Consulting LLC 0.35% 39,901 $486K
14 Whipplewood Advisors, LLC 0.29% 46,383 $565K
15 Fortitude Advisory Group L.L.C. 0.29% 53,136 $647K
16 Compass Financial Group, INC/SD 0.28% 164,004 $2.0M
17 Renasant Bank 0.24% 28,300 $345K
18 Wealth Alliance Advisory Group, LLC 0.21% 111,485 $1.4M
19 SILVERLAKE WEALTH MANAGEMENT LLC 0.21% 83,531 $1.0M
20 Sunpointe, LLC 0.20% 50,098 $610K
21 David J Yvars Group 0.18% 26,850 $327K
22 EQ WEALTH ADVISORS, LLC 0.15% 20,467 $249K
23 Tyche Wealth Partners LLC 0.14% 75,467 $919K
24 River Street Advisors LLC 0.14% 34,431 $419K
25 Camelot Portfolios, LLC 0.14% 15,062 $183K
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.

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.