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Nuveen Quality Municipal Income Fund
NAD

268 hedge funds and large institutions have $985M invested in Nuveen Quality Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 84 increasing their positions, 74 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 23

35% more capital invested

Capital invested by funds: $728M → $985M (+$258M)

14% more repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 74

11% more funds holding in top 10

Funds holding in top 10: 9 → 10 (+1)

9% more funds holding

Funds holding: 247 → 268 (+21)

6.14% more ownership

Funds ownership: 30.59% → 36.73% (+6.1%)

Holders
268
Holders Change
+21
Holders Change %
+8.5%
% of All Funds
3.91%
Holding in Top 10
10
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+11.11%
% of All Funds
0.15%
New
50
Increased
84
Reduced
74
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$22.8M
2
KIM
Karpus Investment Management
New York
+$22.7M
3
RCM
Rivernorth Capital Management
Florida
+$21.8M
4
BI
Bramshill Investments
Florida
+$9.26M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$9.24M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$5.72M
2
Osaic Holdings
Osaic Holdings
Arizona
-$3.76M
3
Wells Fargo
Wells Fargo
California
-$2.97M
4
JWA
JFS Wealth Advisors
Pennsylvania
-$2.13M
5
SIA
Sit Investment Associates
Minnesota
-$1.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
EBWM
26
Eagle Bluffs Wealth Management
Missouri
$6.31M +$2.16M +204,646 +59%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$5.64M +$155K +14,706 +3%
AAM
28
Advisors Asset Management
Colorado
$5.64M -$233K -22,032 -4%
DWM
29
Dakota Wealth Management
Florida
$5.45M +$207K +19,617 +4%
Stifel Financial
30
Stifel Financial
Missouri
$5.35M +$2.04M +192,895 +70%
RJA
31
Raymond James & Associates
Florida
$5.32M +$596K +56,458 +14%
Rockefeller Capital Management
32
Rockefeller Capital Management
New York
$5.31M +$456K +43,200 +10%
LPL Financial
33
LPL Financial
California
$4.99M +$849K +80,470 +23%
Ameriprise
34
Ameriprise
Minnesota
$4.85M +$1.7M +161,147 +62%
Baird Financial Group
35
Baird Financial Group
Wisconsin
$4.8M +$3.21K +304 +0.1%
PCM
36
Penserra Capital Management
California
$4.78M +$305K +28,894 +7%
Envestnet Asset Management
37
Envestnet Asset Management
Illinois
$4.74M +$2.19M +207,024 +100%
TWP
38
Tyche Wealth Partners
Texas
$4.66M +$4.3M +407,244 New
CIA
39
Capital Investment Advisors
Georgia
$4.34M -$455K -43,136 -10%
TIM
40
Tortoise Investment Management
New York
$4.17M -$204K -19,313 -5%
GA
41
GFS Advisors
Texas
$4.09M +$2.36M +224,000 +168%
RC
42
Rareview Capital
Nevada
$3.94M +$3.63M +343,670 New
Cohen & Steers
43
Cohen & Steers
New York
$3.83M +$359K +34,000 +11%
LA
44
LM Advisors
California
$3.68M +$3.39M +321,323 New
COLIM
45
City of London Investment Management
United Kingdom
$3.52M +$1.81M +171,107 +126%
Allianz Asset Management
46
Allianz Asset Management
Germany
$3.44M – – –
CAN
47
Cetera Advisor Networks
California
$2.88M -$56.4K -5,345 -2%
CC
48
Centiva Capital
New York
$2.78M +$2.57M +243,188 New
ITIM
49
Indiana Trust & Investment Management
Indiana
$2.69M – – –
Osaic Holdings
50
Osaic Holdings
Arizona
$2.66M -$3.76M -355,735 -60%
1
2
3 4 5

NAD Hedge Fund Activity: Q4 2023 in Review

268 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2023, worth a combined $985M — up 35% from $728M a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new NAD positions and 23 closed out — a net gain of 27 holders — while 84 added to existing stakes and 74 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $22.8M. The largest seller was Bank of America, cutting an estimated $5.72M.

  • 268 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2023, up from 247 in Q3 2023.
  • Funds reported $985M of Nuveen Quality Municipal Income Fund stock for Q4 2023, up 35% quarter-over-quarter.
  • 50 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2023 and 23 closed out, a net change of +27 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $22.8M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q4 2023 was Bank of America, an estimated $5.72M sold.

Based on aggregated 13F filings for Q4 2023.