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Nuveen Quality Municipal Income Fund
NAD

261 hedge funds and large institutions have $583M invested in Nuveen Quality Municipal Income Fund in 2022 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 78 increasing their positions, 65 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 65

15% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 26

1% more funds holding

Funds holding: 259 → 261 (+2)

0.36% less ownership

Funds ownership: 23.06% → 22.71% (-0.36%)

13% less capital invested

Capital invested by funds: $671M → $583M (-$88.6M)

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

Holders
261
Holders Change
+2
Holders Change %
+0.77%
% of All Funds
4.5%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.09%
New
30
Increased
78
Reduced
65
Closed
26
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MGAM
McGowan Group Asset Management
Texas
+$5.46M
2
Deutsche Bank
Deutsche Bank
Germany
+$4.99M
3
SIA
Sit Investment Associates
Minnesota
+$4.78M
4
Bank of America
Bank of America
North Carolina
+$3.93M
5
XF
XML Financial
Maryland
+$3.55M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$28.1M
2
BI
Bramshill Investments
Florida
-$8.26M
3
UBS Group
UBS Group
Switzerland
-$4.88M
4
Morgan Stanley
Morgan Stanley
New York
-$2.96M
5
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
-$2.73M
Name Holding Trade Value Shares
Change 		Change in
Stake
PIA
76
Powell Investment Advisors
Florida
$558K +$7.96K +638 +1%
AA
77
AQR Arbitrage
Connecticut
$554K +$629K +50,403 New
KA
78
Kercheville Advisors
Texas
$549K -$125K -10,000 -17%
RIA
79
Realta Investment Advisors
Delaware
$538K -$4.58K -367 -0.7%
NA
80
NewEdge Advisors
Louisiana
$531K -$25.7K -2,063 -4%
SCM
81
Sterneck Capital Management
Missouri
$522K -$54.6K -4,378 -8%
FM
82
Family Management
New York
$477K -$58.4K -4,682 -10%
CIAS
83
Capital Investment Advisory Services
North Carolina
$455K – – –
GC
84
Gould Capital
Washington
$448K – – –
PS
85
Portfolio Strategies
New York
$448K +$8.78K +704 +2%
CA
86
Cetera Advisors
Colorado
$439K +$36.4K +2,914 +8%
SPIA
87
Steward Partners Investment Advisory
New York
$436K +$164K +13,147 +50%
DWM
88
Dakota Wealth Management
Florida
$430K +$24.3K +1,950 +5%
Brown Advisory
89
Brown Advisory
Maryland
$429K – – –
WAAG
90
Wealth Alliance Advisory Group
Kansas
$417K +$99.7K +7,994 +27%
OFG
91
OTA Financial Group
New York
$410K +$465K +37,283 New
RCA
92
Ranch Capital Advisors
Florida
$401K -$2.5K -200 -0.5%
WFS
93
Widmann Financial Services
Maryland
$399K +$748 +60 +0.2%
WWM
94
Western Wealth Management
Colorado
$398K +$112 +9 +0%
DWM
95
Drive Wealth Management
Utah
$393K -$73.2K -5,867 -14%
BFEC
96
Benjamin F. Edwards & Company
Missouri
$364K – – –
HCM
97
Hollencrest Capital Management
California
$364K +$449 +36 +0.1%
SWM
98
Spire Wealth Management
Virginia
$360K -$1.21M -97,277 -75%
CIA
99
Choate Investment Advisors
Massachusetts
$356K – – –
CWP
100
CFM Wealth Partners
Texas
$352K – – –
2 3
4
5 6

NAD Hedge Fund Activity: Q3 2022 in Review

261 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2022, worth a combined $583M — down 13% from $671M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new NAD positions and 26 closed out — a net gain of 4 holders — while 78 added to existing stakes and 65 trimmed.

The largest buyer was McGowan Group Asset Management, adding an estimated $5.46M. The largest seller was Rivernorth Capital Management, cutting an estimated $28.1M.

  • 261 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2022, up from 259 in Q2 2022.
  • Funds reported $583M of Nuveen Quality Municipal Income Fund stock for Q3 2022, down 13% quarter-over-quarter.
  • 30 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2022 and 26 closed out, a net change of +4 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2022 was McGowan Group Asset Management, an estimated $5.46M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2022 was Rivernorth Capital Management, an estimated $28.1M sold.

Based on aggregated 13F filings for Q3 2022.