Nuveen Quality Municipal Income Fund
267 hedge funds and large institutions have $2.2B invested in Nuveen Quality Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 74 increasing their positions, 85 reducing their positions, and 30 closing their positions.
278% more capital invested
Capital invested by funds: $583M → $2.2B (+$1.62B)
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
37% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 30
2.38% more ownership
Funds ownership: 22.71% → 25.08% (+2.4%)
2% more funds holding
Funds holding: 261 → 267 (+6)
13% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 85
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$29.4M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$22.3M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$9.55M |
| 4 |
BI
Bramshill Investments
Naples,
Florida
|
+$6.95M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$4.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
V
Veritable
Wilmington,
Delaware
|
-$8.58M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$8.36M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$7.6M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$4.24M |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$3.88M |
NAD Hedge Fund Activity: Q4 2022 in Review
267 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2022, worth a combined $2.2B — up 278% from $583M a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new NAD positions and 30 closed out — a net gain of 11 holders — while 74 added to existing stakes and 85 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $29.4M. The largest seller was Veritable, exiting entirely with an estimated $8.58M sold.
- 267 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2022, up from 261 in Q3 2022.
- Funds reported $2.2B of Nuveen Quality Municipal Income Fund stock for Q4 2022, up 278% quarter-over-quarter.
- 41 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2022 and 30 closed out, a net change of +11 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $29.4M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q4 2022 was Veritable, an estimated $8.58M sold.
Based on aggregated 13F filings for Q4 2022.