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Nuveen Quality Municipal Income Fund
NAD

267 hedge funds and large institutions have $2.2B invested in Nuveen Quality Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 74 increasing their positions, 85 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

278% more capital invested

Capital invested by funds: $583M → $2.2B (+$1.62B)

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

37% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 30

2.38% more ownership

Funds ownership: 22.71% → 25.08% (+2.4%)

2% more funds holding

Funds holding: 261 → 267 (+6)

13% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 85

Holders
267
Holders Change
+6
Holders Change %
+2.3%
% of All Funds
4.29%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.11%
New
41
Increased
74
Reduced
85
Closed
30
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$29.4M
2
KIM
Karpus Investment Management
New York
+$22.3M
3
SIA
Sit Investment Associates
Minnesota
+$9.55M
4
BI
Bramshill Investments
Florida
+$6.95M
5
RCM
Robinson Capital Management
Michigan
+$4.43M

Top Sellers

Rank Fund Capital Flow
1
V
Veritable
Delaware
-$8.58M
2
Deutsche Bank
Deutsche Bank
Germany
-$8.36M
3
UBS Group
UBS Group
Switzerland
-$7.6M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$4.24M
5
OA
Oxbow Advisors
Texas
-$3.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
Baird Financial Group
26
Baird Financial Group
Wisconsin
$3.81M +$1.99M +177,051 +121%
CA
27
Cornerstone Advisory
Maryland
$3.65M +$791K +70,403 +29%
Rockefeller Capital Management
28
Rockefeller Capital Management
New York
$3.64M +$1.25M +111,513 +57%
WAM
29
Weiss Asset Management
Massachusetts
$3.59M +$3.42M +304,395 New
Cohen & Steers
30
Cohen & Steers
New York
$3.58M +$307K +27,344 +10%
Allianz Asset Management
31
Allianz Asset Management
Germany
$3.55M – – –
CPC
32
Congress Park Capital
New York
$3.39M -$337K -30,000 -9%
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$3.23M -$133K -11,826 -4%
COLIM
34
City of London Investment Management
United Kingdom
$3.1M – – –
LPL Financial
35
LPL Financial
California
$3.08M -$1.03M -91,834 -26%
EBWM
36
Eagle Bluffs Wealth Management
Missouri
$3.01M +$1.8M +160,118 +169%
Stifel Financial
37
Stifel Financial
Missouri
$3M -$395K -35,154 -12%
XF
38
XML Financial
Maryland
$2.99M -$357K -31,747 -11%
RJFSA
39
Raymond James Financial Services Advisors
Florida
$2.87M -$282K -25,091 -9%
1W
40
1776 Wealth
Georgia
$2.85M -$481K -42,845 -15%
CAN
41
Cetera Advisor Networks
California
$2.81M +$86.7K +7,715 +3%
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$2.73M +$1.35M +119,874 +107%
Ameriprise
43
Ameriprise
Minnesota
$2.66M +$581K +51,730 +30%
USCWA
44
U.S. Capital Wealth Advisors
Texas
$2.48M +$253K +22,478 +12%
CCWA
45
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$2.46M +$2.35M +208,724 New
JWA
46
JFS Wealth Advisors
Pennsylvania
$2.44M +$775 +69 +0%
BAM
47
Belpointe Asset Management
Nevada
$2.39M -$191K -16,991 -8%
Janney Montgomery Scott
48
Janney Montgomery Scott
Pennsylvania
$2.31M +$4.29K +382 +0.2%
ASN
49
Advisory Services Network
Georgia
$2.23M -$31.9K -2,843 -1%
MSL
50
Mackay Shields LLC
New York
$2.22M – – –
1
2
3 4 5

NAD Hedge Fund Activity: Q4 2022 in Review

267 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2022, worth a combined $2.2B — up 278% from $583M a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new NAD positions and 30 closed out — a net gain of 11 holders — while 74 added to existing stakes and 85 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $29.4M. The largest seller was Veritable, exiting entirely with an estimated $8.58M sold.

  • 267 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2022, up from 261 in Q3 2022.
  • Funds reported $2.2B of Nuveen Quality Municipal Income Fund stock for Q4 2022, up 278% quarter-over-quarter.
  • 41 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2022 and 30 closed out, a net change of +11 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $29.4M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q4 2022 was Veritable, an estimated $8.58M sold.

Based on aggregated 13F filings for Q4 2022.