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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

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

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
Cambridge Investment Research Advisors
51
Cambridge Investment Research Advisors
Iowa
$2.12M -$568K -50,445 -21%
SC
52
Savant Capital
Illinois
$2.12M +$11.6K +1,028 +0.6%
Envestnet Asset Management
53
Envestnet Asset Management
Illinois
$2.1M +$236K +20,923 +13%
OIA
54
OneDigital Investment Advisors
Kansas
$2.09M +$99K +8,793 +5%
Janney Montgomery Scott
55
Janney Montgomery Scott
Pennsylvania
$1.99M -$241K -21,433 -11%
WAM
56
Wakefield Asset Management
Colorado
$1.96M +$150K +13,313 +8%
Truist Financial
57
Truist Financial
North Carolina
$1.91M +$36.1K +3,208 +2%
HKAM
58
Horizon Kinetics Asset Management
New York
$1.9M – – –
PAS
59
Park Avenue Securities
New York
$1.87M +$59.7K +5,302 +3%
SCM
60
Saba Capital Management
New York
$1.85M +$1.84M +163,715 New
LCM
61
Landscape Capital Management
New Jersey
$1.68M -$279K -24,794 -14%
PNC Financial Services Group
62
PNC Financial Services Group
Pennsylvania
$1.61M +$530K +47,061 +49%
Invesco
63
Invesco
Georgia
$1.57M -$50.6K -4,498 -3%
AWA
64
Arete Wealth Advisors
Illinois
$1.5M +$57K +5,066 +4%
PAG
65
Private Advisor Group
New Jersey
$1.43M -$110K -9,732 -7%
DLG
66
Daniel L. Goodwin
$1.41M – – –
LB
67
Leo Brokerage
Texas
$1.39M +$58.8K +5,220 +4%
SWP
68
Stratos Wealth Partners
Ohio
$1.34M +$13.8K +1,223 +1%
UCFA
69
United Capital Financial Advisors
Texas
$1.31M +$2.48K +220 +0.2%
OC
70
Oppenheimer & Co
New York
$1.23M +$492K +43,676 +67%
AWM
71
Avior Wealth Management
Nebraska
$1.17M -$53.3K -4,730 -4%
ASN
72
Advisory Services Network
Georgia
$1.16M -$359K -31,912 -24%
RP
73
Riverbridge Partners
Minnesota
$1.11M -$86K -7,640 -7%
MPW
74
Melone Private Wealth
Michigan
$1.01M +$6.52K +579 +0.7%
Mariner
75
Mariner
Kansas
$1M +$189K +16,827 +23%
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.