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Nuveen Quality Municipal Income Fund
NAD

182 hedge funds and large institutions have $666M invested in Nuveen Quality Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 43 increasing their positions, 54 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

11% more capital invested

Capital invested by funds: $602M → $666M (+$63.7M)

2% more funds holding

Funds holding: 179 → 182 (+3)

0.42% more ownership

Funds ownership: 23.86% → 24.28% (+0.42%)

20% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 54

Holders
182
Holders Change
+3
Holders Change %
+1.68%
% of All Funds
3.94%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.15%
New
21
Increased
43
Reduced
54
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
Bramshill Investments
Florida
+$12.5M
2
EVM
Eaton Vance Management
Massachusetts
+$10.6M
3
PPA
Parametric Portfolio Associates
Washington
+$3.37M
4
COLIM
City of London Investment Management
United Kingdom
+$2M
5
SIA
Sit Investment Associates
Minnesota
+$1.93M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$4.62M
2
Wells Fargo
Wells Fargo
California
-$4.61M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$2.33M
4
LCM
Landscape Capital Management
New Jersey
-$2.31M
5
WAM
Weiss Asset Management
Massachusetts
-$1.68M
Name Holding Trade Value Shares
Change 		Change in
Stake
GEM
51
Global Endowment Management
North Carolina
$1.09M – – –
Ameriprise
52
Ameriprise
Minnesota
$1.07M -$342K -25,822 -25%
SMC
53
Smith, Moore & Co
Missouri
$776K +$757K +57,208 New
BFEC
54
Benjamin F. Edwards & Company
Missouri
$772K -$11.1K -841 -1%
FM
55
Family Management
New York
$753K +$535K +40,430 +268%
Baird Financial Group
56
Baird Financial Group
Wisconsin
$749K +$96.5K +7,290 +15%
EIP
57
Ellis Investment Partners
Pennsylvania
$744K -$45.2K -3,416 -6%
HCM
58
Hollencrest Capital Management
California
$684K – – –
Northwestern Mutual Wealth Management
59
Northwestern Mutual Wealth Management
Wisconsin
$641K -$478K -36,135 -43%
Creative Planning
60
Creative Planning
Kansas
$628K -$23.5K -1,774 -4%
First Trust Advisors
61
First Trust Advisors
Illinois
$612K +$55.2K +4,167 +10%
PCM
62
Prelude Capital Management
New York
$600K -$675K -51,025 -54%
SWP
63
Stratos Wealth Partners
Ohio
$599K +$7.89K +596 +1%
EWM
64
Empirical Wealth Management
Washington
$593K – – –
WS
65
Wedbush Securities
California
$538K -$15.1K -1,137 -3%
Bank of New York Mellon
66
Bank of New York Mellon
New York
$535K -$9.74K -736 -2%
ICA
67
Infrastructure Capital Advisors
New York
$535K – – –
WFI
68
West Family Investments
California
$507K – – –
NL
69
NWAM LLC
Washington
$499K – – –
US Bancorp
70
US Bancorp
Minnesota
$475K +$50.6K +3,826 +12%
SFS
71
Sowell Financial Services
Arkansas
$472K +$61K +4,606 +15%
WAM
72
Weiss Asset Management
Massachusetts
$447K -$1.68M -127,161 -79%
PAS
73
Park Avenue Securities
New York
$447K -$23.5K -1,773 -5%
MML Investors Services
74
MML Investors Services
Massachusetts
$437K -$18.4K -1,389 -4%
V
75
Veritable
Delaware
$399K – – –
1 2
3
4 5

NAD Hedge Fund Activity: Q1 2019 in Review

182 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2019, worth a combined $666M — up 11% from $602M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new NAD positions and 16 closed out — a net gain of 5 holders — while 43 added to existing stakes and 54 trimmed.

The largest buyer was Bramshill Investments, adding an estimated $12.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $4.62M.

  • 182 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2019, up from 179 in Q4 2018.
  • Funds reported $666M of Nuveen Quality Municipal Income Fund stock for Q1 2019, up 11% quarter-over-quarter.
  • 21 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2019 and 16 closed out, a net change of +5 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q1 2019 was Bramshill Investments, an estimated $12.5M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $4.62M sold.

Based on aggregated 13F filings for Q1 2019.