Nuveen Quality Municipal Income Fund
226 hedge funds and large institutions have $815M invested in Nuveen Quality Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 63 increasing their positions, 52 reducing their positions, and 16 closing their positions.
94% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 16
21% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 52
7% more funds holding
Funds holding: 212 → 226 (+14)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
5% less capital invested
Capital invested by funds: $855M → $815M (-$39.6M)
2.27% less ownership
Funds ownership: 28.78% → 26.51% (-2.3%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $184K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$21.3M |
| 2 |
RVPG
Relative Value Partners Group
|
+$6.9M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.93M |
| 4 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$1.99M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$44.6M |
| 2 |
BlackRock
New York
|
-$32.5M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$9.92M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.02M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.87M |
NAD Hedge Fund Activity: Q3 2020 in Review
226 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2020, worth a combined $815M — down 4.6% from $855M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new NAD positions and 16 closed out — a net gain of 15 holders — while 63 added to existing stakes and 52 trimmed.
The largest buyer was Bramshill Investments, adding an estimated $21.3M. The largest seller was Wells Fargo, cutting an estimated $44.6M.
- 226 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2020, up from 212 in Q2 2020.
- Funds reported $815M of Nuveen Quality Municipal Income Fund stock for Q3 2020, down 4.6% quarter-over-quarter.
- 31 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2020 and 16 closed out, a net change of +15 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q3 2020 was Bramshill Investments, an estimated $21.3M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q3 2020 was Wells Fargo, an estimated $44.6M sold.
Based on aggregated 13F filings for Q3 2020.