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Nuveen Quality Municipal Income Fund
NAD

212 hedge funds and large institutions have $855M invested in Nuveen Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 70 increasing their positions, 44 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 44

5% more capital invested

Capital invested by funds: $813M → $855M (+$42.1M)

0.85% more ownership

Funds ownership: 27.92% → 28.78% (+0.85%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

7% less funds holding

Funds holding: 229 → 212 (-17)

45% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 31

Holders
212
Holders Change
-17
Holders Change %
-7.42%
% of All Funds
4.35%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.1%
New
17
Increased
70
Reduced
44
Closed
31
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$31.6M
2
RCM
Rivernorth Capital Management
Florida
+$15.3M
3
BI
Bramshill Investments
Florida
+$15.1M
4
GC
Guggenheim Capital
Illinois
+$12.7M
5
SIA
Sit Investment Associates
Minnesota
+$6.9M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$19.4M
2
Morgan Stanley
Morgan Stanley
New York
-$10.2M
3
OA
Oxbow Advisors
Texas
-$9.47M
4
Wells Fargo
Wells Fargo
California
-$6.42M
5
1CP
1607 Capital Partners
Virginia
-$5.69M
Name Holding Trade Value Shares
Change 		Change in
Stake
1CP
26
1607 Capital Partners
Virginia
$4.13M -$5.69M -417,303 -59%
PCM
27
PenderFund Capital Management
British Columbia, Canada
$3.81M -$1.36M -100,000 -33%
Osaic Holdings
28
Osaic Holdings
Arizona
$3.64M -$1.46M -107,074 -29%
Stifel Financial
29
Stifel Financial
Missouri
$3.62M +$743K +54,450 +27%
GCP
30
Gill Capital Partners
Colorado
$3.46M +$85K +6,231 +3%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$3.41M +$152K +11,152 +5%
AAM
32
Advisors Asset Management
Colorado
$3.34M +$3.7K +271 +0.1%
JWA
33
JFS Wealth Advisors
Pennsylvania
$3.16M +$442K +32,397 +17%
6M
34
6 Meridian
Kansas
$3.01M +$1.08M +79,418 +59%
IWA
35
IBEX Wealth Advisors
New Jersey
$2.96M +$212K +15,558 +8%
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$2.68M -$1.14M -83,672 -30%
CIA
37
Capital Investment Advisors
Georgia
$2.61M -$34.9K -2,561 -1%
RJFSA
38
Raymond James Financial Services Advisors
Florida
$2.61M +$80.4K +5,894 +3%
SC
39
Savant Capital
Illinois
$2.54M – – –
RJA
40
Raymond James & Associates
Florida
$2.44M -$7.34K -538 -0.3%
1832 Asset Management
41
1832 Asset Management
Ontario, Canada
$2.4M – – –
HKAM
42
Horizon Kinetics Asset Management
New York
$2.39M – – –
CPC
43
Congress Park Capital
New York
$2.24M +$2.18M +160,000 New
Invesco
44
Invesco
Georgia
$2.17M +$400K +29,305 +23%
Ameriprise
45
Ameriprise
Minnesota
$1.84M +$15K +1,101 +0.8%
UCFA
46
United Capital Financial Advisors
Texas
$1.83M -$165K -12,086 -8%
Allianz Asset Management
47
Allianz Asset Management
Germany
$1.77M – – –
UR
48
USCA RIA
Texas
$1.73M +$142K +10,416 +9%
LPL Financial
49
LPL Financial
California
$1.59M +$176K +12,899 +13%
PAG
50
Private Advisor Group
New Jersey
$1.58M +$223K +16,358 +17%
1
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3 4 5

NAD Hedge Fund Activity: Q2 2020 in Review

212 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2020, worth a combined $855M — up 5.2% from $813M a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of NAD and 17 opened new positions — a net loss of 14 holders — while 44 trimmed existing stakes and 70 added.

The largest buyer was BlackRock, opening a new position worth an estimated $31.6M. The largest seller was Karpus Investment Management, cutting an estimated $19.4M.

  • 212 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2020, down from 229 in Q1 2020.
  • Funds reported $855M of Nuveen Quality Municipal Income Fund stock for Q2 2020, up 5.2% quarter-over-quarter.
  • 17 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2020 and 31 closed out, a net change of -14 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q2 2020 was BlackRock, an estimated $31.6M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q2 2020 was Karpus Investment Management, an estimated $19.4M sold.

Based on aggregated 13F filings for Q2 2020.