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Nuveen Quality Municipal Income Fund
NAD

60 hedge funds and large institutions have $61.2M invested in Nuveen Quality Municipal Income Fund in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

42% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 12

9% more funds holding

Funds holding: 55 → 60 (+5)

5% more capital invested

Capital invested by funds: $58.5M → $61.2M (+$2.74M)

0.95% more ownership

Funds ownership: 11.5% → 12.45% (+0.95%)

Holders
60
Holders Change
+5
Holders Change %
+9.09%
% of All Funds
1.74%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
17
Reduced
12
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$2.85M
2
RCM
Rivernorth Capital Management
Florida
+$2.36M
3
GEM
Global Endowment Management
North Carolina
+$2.31M
4
MIG
Mariner Investment Group
New York
+$927K
5
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
+$797K

Top Sellers

Rank Fund Capital Flow
1
CRAM
Claren Road Asset Management
New York
-$2.53M
2
Invesco
Invesco
Georgia
-$2.5M
3
U
UBS
Switzerland
-$1.54M
4
FTCM
Fir Tree Capital Management
New York
-$736K
5
GC
Guggenheim Capital
Illinois
-$453K
Name Holding Trade Value Shares
Change 		Change in
Stake
KeyBank National Association
26
KeyBank National Association
Ohio
$321K – – –
PRCM
27
Pine River Capital Management
Minnesota
$315K +$316K +25,000 New
DLG
28
Daniel L. Goodwin
$310K – – –
ACM
29
Argentus Capital Management
Texas
$267K -$37.4K -2,956 -12%
DC
30
Davenport & Co
Virginia
$252K +$253K +20,000 New
TCM
31
Tradewinds Capital Management
Washington
$236K +$237K +18,780 New
BA
32
Boston Advisors
Massachusetts
$231K -$170K -13,450 -42%
DA
33
Doliver Advisors
Texas
$214K +$39.7K +3,142 +23%
LCM
34
Landscape Capital Management
New Jersey
$187K +$188K +14,874 New
HCM
35
Hollencrest Capital Management
California
$181K +$182K +14,370 New
MAM
36
Marquette Asset Management
Minnesota
$142K – – –
SIA
37
Sit Investment Associates
Minnesota
$126K – – –
US Bancorp
38
US Bancorp
Minnesota
$115K +$27K +2,134 +31%
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$88K +$25.3K +2,000 +40%
WRM
40
Westport Resources Management
Connecticut
$73K – – –
SNT
41
Security National Trust
West Virginia
$51K – – –
Citigroup
42
Citigroup
New York
$36K +$36.8K +2,909 New
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$35K -$12.6K -1,000 -27%
PCM
44
Prelude Capital Management
New York
$31K +$31.6K +2,500 New
LTFS
45
Ladenburg Thalmann Financial Services
Florida
$30K +$430 +34 +1%
Creative Planning
46
Creative Planning
Kansas
$25K – – –
TRCT
47
Tower Research Capital (TRC)
New York
$25K +$18.6K +1,472 +279%
BPBT
48
Boston Private Bank & Trust
Massachusetts
$21K – – –
KTC
49
Kistler-Tiffany Companies
Pennsylvania
$21K – – –
AF
50
Arrow Financial
New York
$15K – – –
1
2
3

NAD Hedge Fund Activity: Q4 2013 in Review

60 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2013, worth a combined $61.2M — up 4.7% from $58.5M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new NAD positions and 9 closed out — a net gain of 6 holders — while 17 added to existing stakes and 12 trimmed.

The largest buyer was Bank of America, adding an estimated $2.85M. The largest seller was Claren Road Asset Management, exiting entirely with an estimated $2.53M sold.

  • 60 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2013, up from 55 in Q3 2013.
  • Funds reported $61.2M of Nuveen Quality Municipal Income Fund stock for Q4 2013, up 4.7% quarter-over-quarter.
  • 15 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2013 and 9 closed out, a net change of +6 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q4 2013 was Bank of America, an estimated $2.85M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q4 2013 was Claren Road Asset Management, an estimated $2.53M sold.

Based on aggregated 13F filings for Q4 2013.