Nuveen Quality Municipal Income Fund
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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$22.8M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$22.7M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$21.8M |
| 4 |
BI
Bramshill Investments
Naples,
Florida
|
+$9.26M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$9.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$5.72M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.76M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$2.97M |
| 4 |
JWA
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
-$2.13M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.96M |
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.