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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
Bank of New York Mellon
76
Bank of New York Mellon
New York
$959K +$958K +85,088 New
IA
77
IFP Advisors
Florida
$926K +$24K +2,135 +3%
SCM
78
Sterneck Capital Management
Missouri
$830K -$3.71K -330 -0.4%
SWM
79
Spire Wealth Management
Virginia
$830K +$2.26K +201 +0.3%
PVM
80
Palogic Value Management
Texas
$798K -$39K -3,465 -5%
TW
81
Transform Wealth
Colorado
$752K – – –
MIM
82
Meixler Investment Management
Arizona
$739K -$252K -22,388 -25%
WAM
83
Wolverine Asset Management
Illinois
$736K +$204K +18,163 +39%
Brown Advisory
84
Brown Advisory
Maryland
$677K – – –
Susquehanna International Group
85
Susquehanna International Group
Pennsylvania
$651K +$650K +57,744 New
PCM
86
Parsons Capital Management
Rhode Island
$584K -$16.9K -1,500 -3%
RIA
87
Realta Investment Advisors
Delaware
$551K – – –
CWP
88
Cyndeo Wealth Partners
Florida
$538K – – –
EIP
89
Ellis Investment Partners
Pennsylvania
$490K +$281 +25 +0.1%
CIAS
90
Capital Investment Advisory Services
North Carolina
$467K – – –
CHA
91
Carmichael Hill & Associates
Maryland
$466K -$18.4K -1,630 -4%
IWC
92
Integrated Wealth Concepts
Massachusetts
$464K +$6.44K +572 +1%
PS
93
Portfolio Strategies
New York
$451K -$8.94K -794 -2%
First Trust Advisors
94
First Trust Advisors
Illinois
$448K -$72.4K -6,430 -14%
NA
95
NewEdge Advisors
Louisiana
$440K +$34.3K +3,047 +8%
GC
96
Gould Capital
Washington
$428K -$2.54K -226 -0.6%
WWM
97
Western Wealth Management
Colorado
$417K +$79 +7 +0%
IAN
98
Integrated Advisors Network
Texas
$413K – – –
DADC
99
D.A. Davidson & Co
Montana
$410K +$116K +10,314 +40%
WFS
100
Widmann Financial Services
Maryland
$405K – – –
2 3
4
5 6

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.