Nuveen Quality Municipal Income Fund
285 hedge funds and large institutions have $740M invested in Nuveen Quality Municipal Income Fund in 2025 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 96 increasing their positions, 72 reducing their positions, and 36 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 72
3.13% less ownership
Funds ownership: 30.51% → 27.38% (-3.1%)
3% less funds holding
Funds holding: 295 → 285 (-10)
14% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 36
26% less capital invested
Capital invested by funds: $1B → $740M (-$260M)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.61M |
| 2 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$3.85M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.51M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$3.17M |
| 5 |
LPL Financial
San Diego,
California
|
+$2.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$31.6M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$22M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
-$15.6M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$9.17M |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$6.87M |
NAD Hedge Fund Activity: Q1 2025 in Review
285 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2025, worth a combined $740M — down 26% from $1B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of NAD and 31 opened new positions — a net loss of 5 holders — while 72 trimmed existing stakes and 96 added.
The largest buyer was Morgan Stanley, adding an estimated $6.61M. The largest seller was Karpus Investment Management, cutting an estimated $31.6M.
- 285 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2025, down from 295 in Q4 2024.
- Funds reported $740M of Nuveen Quality Municipal Income Fund stock for Q1 2025, down 26% quarter-over-quarter.
- 31 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2025 and 36 closed out, a net change of -5 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q1 2025 was Morgan Stanley, an estimated $6.61M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q1 2025 was Karpus Investment Management, an estimated $31.6M sold.
Based on aggregated 13F filings for Q1 2025.