Nuveen Quality Municipal Income Fund
274 hedge funds and large institutions have $632M invested in Nuveen Quality Municipal Income Fund in 2025 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 87 increasing their positions, 81 reducing their positions, and 32 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 81
3.41% less ownership
Funds ownership: 27.38% → 23.97% (-3.4%)
4% less funds holding
Funds holding: 285 → 274 (-11)
15% less capital invested
Capital invested by funds: $740M → $632M (-$108M)
19% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 32
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$6M |
| 2 |
Morgan Stanley
New York
|
+$4.38M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$2.48M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.39M |
| 5 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
+$2.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$34.8M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$25.4M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$9.93M |
| 4 |
BI
Bramshill Investments
Naples,
Florida
|
-$9.22M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$9.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFB
301
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$36.9K | -3,206 | Closed |
|
|
S
302
Sachetta
Lynnfield,
Massachusetts
| – | -$21.4K | -1,844 | Closed |
|
303
Jones Financial Companies
Des Peres,
Missouri
| – | -$9.73K | -852 | Closed |
|
|
CT
304
Colonial Trust
Spartanburg,
South Carolina
| – | -$8.56K | -750 | Closed |
|
|
CA
305
Centerpoint Advisors
Needham,
Massachusetts
| – | -$6K | -492 | Closed |
|
|
WAM
306
Wolverine Asset Management
Chicago,
Illinois
| – | -$4.84K | -420 | Closed |
|
|
RCA
307
Runnymede Capital Advisors
Dublin,
Ohio
| – | -$1.18K | -102 | Closed |
|
NAD Hedge Fund Activity: Q2 2025 in Review
274 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2025, worth a combined $632M — down 15% from $740M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of NAD and 26 opened new positions — a net loss of 6 holders — while 81 trimmed existing stakes and 87 added.
The largest buyer was Wells Fargo, adding an estimated $6M. The largest seller was Karpus Investment Management, cutting an estimated $34.8M.
- 274 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2025, down from 285 in Q1 2025.
- Funds reported $632M of Nuveen Quality Municipal Income Fund stock for Q2 2025, down 15% quarter-over-quarter.
- 26 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2025 and 32 closed out, a net change of -6 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q2 2025 was Wells Fargo, an estimated $6M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q2 2025 was Karpus Investment Management, an estimated $34.8M sold.
Based on aggregated 13F filings for Q2 2025.