Nuveen Quality Municipal Income Fund
172 hedge funds and large institutions have $542M invested in Nuveen Quality Municipal Income Fund in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 48 reducing their positions, and 20 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
13% more capital invested
Capital invested by funds: $480M → $542M (+$62.6M)
2.12% more ownership
Funds ownership: 18.09% → 20.21% (+2.1%)
4% less funds holding
Funds holding: 180 → 172 (-8)
10% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 48
30% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$34.1M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
+$15.7M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$8.72M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$3.38M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$3.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.45M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$3.12M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.06M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.73M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.31M |
NAD Hedge Fund Activity: Q2 2018 in Review
172 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2018, worth a combined $542M — up 13% from $480M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of NAD and 14 opened new positions — a net loss of 6 holders — while 48 trimmed existing stakes and 43 added.
The largest buyer was Karpus Investment Management, adding an estimated $34.1M. The largest seller was Sit Investment Associates, cutting an estimated $5.45M.
- 172 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2018, down from 180 in Q1 2018.
- Funds reported $542M of Nuveen Quality Municipal Income Fund stock for Q2 2018, up 13% quarter-over-quarter.
- 14 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2018 and 20 closed out, a net change of -6 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q2 2018 was Karpus Investment Management, an estimated $34.1M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q2 2018 was Sit Investment Associates, an estimated $5.45M sold.
Based on aggregated 13F filings for Q2 2018.