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Nuveen Quality Municipal Income Fund
NAD

247 hedge funds and large institutions have $728M invested in Nuveen Quality Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 70 increasing their positions, 88 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.66% more ownership

Funds ownership: 27.93% → 30.59% (+2.7%)

0% more funds holding in top 10

Funds holding in top 10: 9 → 9 (0)

1% less capital invested

Capital invested by funds: $735M → $728M (-$7.4M)

2% less funds holding

Funds holding: 253 → 247 (-6)

10% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 30

20% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 88

Holders
247
Holders Change
-6
Holders Change %
-2.37%
% of All Funds
3.92%
Holding in Top 10
9
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.14%
New
27
Increased
70
Reduced
88
Closed
30
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$25.8M
2
Morgan Stanley
Morgan Stanley
New York
+$25.5M
3
SCM
Saba Capital Management
New York
+$14.8M
4
PCM
PenderFund Capital Management
British Columbia, Canada
+$9.25M
5
LSC
Logan Stone Capital
Illinois
+$5.72M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$15.9M
2
MGAM
McGowan Group Asset Management
Texas
-$7.13M
3
SIA
Sit Investment Associates
Minnesota
-$4.29M
4
DFG
Delphi Financial Group
Delaware
-$3.32M
5
1W
1776 Wealth
Georgia
-$2.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIA
26
Capital Investment Advisors
Georgia
$4.28M +$99.2K +9,113 +2%
Rockefeller Capital Management
27
Rockefeller Capital Management
New York
$4.27M +$135K +12,388 +3%
Baird Financial Group
28
Baird Financial Group
Wisconsin
$4.24M -$18.4K -1,693 -0.4%
RJA
29
Raymond James & Associates
Florida
$4.14M -$3.32K -305 -0.1%
PCM
30
Penserra Capital Management
California
$3.94M +$777K +71,388 +23%
TIM
31
Tortoise Investment Management
New York
$3.89M -$1.2M -109,846 -22%
LPL Financial
32
LPL Financial
California
$3.6M +$941K +86,472 +32%
EBWM
33
Eagle Bluffs Wealth Management
Missouri
$3.52M +$160K +14,694 +4%
API
34
Advisor Partners II
California
$3.47M +$3.73M +342,586 New
Allianz Asset Management
35
Allianz Asset Management
Germany
$3.05M – – –
Cohen & Steers
36
Cohen & Steers
New York
$3.05M +$21.8K +2,000 +0.7%
CA
37
Cornerstone Advisory
Maryland
$2.79M -$408K -37,532 -12%
Stifel Financial
38
Stifel Financial
Missouri
$2.79M -$213K -19,554 -7%
Ameriprise
39
Ameriprise
Minnesota
$2.64M +$283K +26,034 +11%
CAN
40
Cetera Advisor Networks
California
$2.6M +$145K +13,308 +5%
ITIM
41
Indiana Trust & Investment Management
Indiana
$2.38M +$2.56M +235,001 New
RJFSA
42
Raymond James Financial Services Advisors
Florida
$2.31M -$102K -9,360 -4%
USCWA
43
U.S. Capital Wealth Advisors
Texas
$2.15M +$7.45K +685 +0.3%
Envestnet Asset Management
44
Envestnet Asset Management
Illinois
$2.1M +$233K +21,390 +12%
JWA
45
JFS Wealth Advisors
Pennsylvania
$2.08M -$16.3K -1,499 -0.7%
PAS
46
Park Avenue Securities
New York
$1.91M +$239K +21,965 +13%
SC
47
Savant Capital
Illinois
$1.9M – – –
KAS
48
Kestra Advisory Services
Texas
$1.89M -$90.3K -8,298 -4%
OIA
49
OneDigital Investment Advisors
Kansas
$1.87M -$15K -1,380 -0.7%
LCM
50
Landscape Capital Management
New Jersey
$1.84M +$351K +32,215 +22%
1
2
3 4 5

NAD Hedge Fund Activity: Q3 2023 in Review

247 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2023, worth a combined $728M — down 1% from $735M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of NAD and 27 opened new positions — a net loss of 3 holders — while 88 trimmed existing stakes and 70 added.

The largest buyer was Karpus Investment Management, adding an estimated $25.8M. The largest seller was Rivernorth Capital Management, cutting an estimated $15.9M.

  • 247 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2023, down from 253 in Q2 2023.
  • Funds reported $728M of Nuveen Quality Municipal Income Fund stock for Q3 2023, down 1% quarter-over-quarter.
  • 27 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2023 and 30 closed out, a net change of -3 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2023 was Karpus Investment Management, an estimated $25.8M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2023 was Rivernorth Capital Management, an estimated $15.9M sold.

Based on aggregated 13F filings for Q3 2023.