Nuveen Quality Municipal Income Fund
256 hedge funds and large institutions have $700M invested in Nuveen Quality Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 95 increasing their positions, 61 reducing their positions, and 33 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 61
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
1.13% more ownership
Funds ownership: 25.08% → 26.21% (+1.1%)
4% less funds holding
Funds holding: 267 → 256 (-11)
27% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 33
68% less capital invested
Capital invested by funds: $2.2B → $700M (-$1.5B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$26.7M |
| 2 |
Morgan Stanley
New York
|
+$6.25M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.44M |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$3.98M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
+$3.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$18.2M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$10.2M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$3.59M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$2.52M |
| 5 |
MSL
Mackay Shields LLC
New York
|
-$2.22M |
NAD Hedge Fund Activity: Q1 2023 in Review
256 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2023, worth a combined $700M — down 68% from $2.2B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of NAD and 24 opened new positions — a net loss of 9 holders — while 61 trimmed existing stakes and 95 added.
The largest buyer was Karpus Investment Management, adding an estimated $26.7M. The largest seller was Rivernorth Capital Management, cutting an estimated $18.2M.
- 256 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2023, down from 267 in Q4 2022.
- Funds reported $700M of Nuveen Quality Municipal Income Fund stock for Q1 2023, down 68% quarter-over-quarter.
- 24 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2023 and 33 closed out, a net change of -9 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $26.7M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q1 2023 was Rivernorth Capital Management, an estimated $18.2M sold.
Based on aggregated 13F filings for Q1 2023.