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Nuveen Quality Municipal Income Fund
NAD

253 hedge funds and large institutions have $735M invested in Nuveen Quality Municipal Income Fund in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 83 increasing their positions, 65 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 65

5% more capital invested

Capital invested by funds: $700M → $735M (+$35.2M)

1.72% more ownership

Funds ownership: 26.21% → 27.93% (+1.7%)

0% more funds holding in top 10

Funds holding in top 10: 9 → 9 (0)

0% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 18

1% less funds holding

Funds holding: 256 → 253 (-3)

Holders
253
Holders Change
-3
Holders Change %
-1.17%
% of All Funds
3.97%
Holding in Top 10
9
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.14%
New
18
Increased
83
Reduced
65
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$33.1M
2
RCM
Rivernorth Capital Management
Florida
+$15.2M
3
BI
Bramshill Investments
Florida
+$4.62M
4
HWAM
Hennion & Walsh Asset Management
New Jersey
+$3.68M
5
HighTower Advisors
HighTower Advisors
Illinois
+$3.43M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$15.7M
2
Morgan Stanley
Morgan Stanley
New York
-$3.89M
3
Wells Fargo
Wells Fargo
California
-$3.69M
4
BAM
Belpointe Asset Management
Nevada
-$1.83M
5
XF
XML Financial
Maryland
-$898K
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
26
Rockefeller Capital Management
New York
$4.6M +$189K +16,795 +4%
RJA
27
Raymond James & Associates
Florida
$4.6M +$203K +18,009 +5%
AA
28
AQR Arbitrage
Connecticut
$3.9M +$614K +54,566 +19%
EBWM
29
Eagle Bluffs Wealth Management
Missouri
$3.75M +$421K +37,370 +13%
PCM
30
Penserra Capital Management
California
$3.57M +$222K +19,762 +7%
DWM
31
Dakota Wealth Management
Florida
$3.53M +$1.44M +127,700 +69%
CA
32
Cornerstone Advisory
Maryland
$3.52M -$13.7K -1,221 -0.4%
Allianz Asset Management
33
Allianz Asset Management
Germany
$3.39M – – –
Cohen & Steers
34
Cohen & Steers
New York
$3.36M +$242K +21,530 +8%
DFG
35
Delphi Financial Group
Delaware
$3.32M – – –
Stifel Financial
36
Stifel Financial
Missouri
$3.32M -$38.7K -3,438 -1%
LPL Financial
37
LPL Financial
California
$3.03M +$238K +21,161 +9%
CAN
38
Cetera Advisor Networks
California
$2.74M +$41.6K +3,692 +2%
RJFSA
39
Raymond James Financial Services Advisors
Florida
$2.67M -$276K -24,520 -9%
Ameriprise
40
Ameriprise
Minnesota
$2.64M +$186K +16,558 +8%
1W
41
1776 Wealth
Georgia
$2.56M -$175K -15,582 -6%
CCWA
42
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$2.39M +$1.86K +165 +0.1%
USCWA
43
U.S. Capital Wealth Advisors
Texas
$2.39M +$13.8K +1,222 +0.6%
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$2.35M -$891K -79,146 -28%
JWA
45
JFS Wealth Advisors
Pennsylvania
$2.33M +$619 +55 +0%
CPC
46
Congress Park Capital
New York
$2.24M -$462K -41,000 -17%
COLIM
47
City of London Investment Management
United Kingdom
$2.23M – – –
XF
48
XML Financial
Maryland
$2.22M -$898K -79,747 -29%
KAS
49
Kestra Advisory Services
Texas
$2.19M +$70.3K +6,240 +3%
MA
50
Mutual Advisors
Nebraska
$2.12M -$5.2K -462 -0.2%
1
2
3 4 5

NAD Hedge Fund Activity: Q2 2023 in Review

253 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2023, worth a combined $735M — up 5% from $700M a quarter earlier.

Fund positioning in NAD was balanced in Q2 2023: 18 funds opened new positions, 18 closed out, 83 added to existing stakes and 65 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $33.1M. The largest seller was Guggenheim Capital, cutting an estimated $15.7M.

  • 253 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2023, down from 256 in Q1 2023.
  • Funds reported $735M of Nuveen Quality Municipal Income Fund stock for Q2 2023, up 5% quarter-over-quarter.
  • 18 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2023 and 18 closed out, a net change of 0 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q2 2023 was Karpus Investment Management, an estimated $33.1M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q2 2023 was Guggenheim Capital, an estimated $15.7M sold.

Based on aggregated 13F filings for Q2 2023.