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Nuveen Quality Municipal Income Fund
NAD

247 hedge funds and large institutions have $728M invested in Nuveen Quality Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 70 increasing their positions, 88 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.66% more ownership

Funds ownership: 27.93% → 30.59% (+2.7%)

0% more funds holding in top 10

Funds holding in top 10: 9 → 9 (0)

1% less capital invested

Capital invested by funds: $735M → $728M (-$7.4M)

2% less funds holding

Funds holding: 253 → 247 (-6)

10% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 30

20% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 88

Holders
247
Holders Change
-6
Holders Change %
-2.37%
% of All Funds
3.92%
Holding in Top 10
9
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.14%
New
27
Increased
70
Reduced
88
Closed
30
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$25.8M
2
Morgan Stanley
Morgan Stanley
New York
+$25.5M
3
SCM
Saba Capital Management
New York
+$14.8M
4
PCM
PenderFund Capital Management
British Columbia, Canada
+$9.25M
5
LSC
Logan Stone Capital
Illinois
+$5.72M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$15.9M
2
MGAM
McGowan Group Asset Management
Texas
-$7.13M
3
SIA
Sit Investment Associates
Minnesota
-$4.29M
4
DFG
Delphi Financial Group
Delaware
-$3.32M
5
1W
1776 Wealth
Georgia
-$2.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
76
IFP Advisors
Florida
$768K -$70.5K -6,475 -8%
SCM
77
Sterneck Capital Management
Missouri
$743K -$4.01K -369 -0.5%
Susquehanna International Group
78
Susquehanna International Group
Pennsylvania
$719K +$143K +13,157 +23%
PVM
79
Palogic Value Management
Texas
$715K -$2.67K -245 -0.3%
WAM
80
Wolverine Asset Management
Illinois
$698K +$39.1K +3,596 +6%
Brown Advisory
81
Brown Advisory
Maryland
$607K -$1.94K -178 -0.3%
CPC
82
Congress Park Capital
New York
$593K -$1.52M -140,000 -71%
Cerity Partners
83
Cerity Partners
New York
$586K +$336K +30,862 +115%
Comerica Bank
84
Comerica Bank
Texas
$578K +$620K +57,021 New
AGM
85
Alpine Global Management
New York
$578K +$261K +23,977 +73%
RIA
86
Realta Investment Advisors
Delaware
$551K – – –
PCM
87
Parsons Capital Management
Rhode Island
$512K -$14.1K -1,300 -3%
RA
88
RFG Advisory
Alabama
$474K +$136K +12,518 +37%
MIM
89
Meixler Investment Management
Arizona
$449K -$232K -21,285 -32%
IWC
90
Integrated Wealth Concepts
Massachusetts
$412K -$6.22K -572 -1%
CHA
91
Carmichael Hill & Associates
Maryland
$408K -$12K -1,100 -3%
PS
92
Portfolio Strategies
New York
$406K – – –
NA
93
NewEdge Advisors
Louisiana
$401K +$5.99K +550 +1%
EIP
94
Ellis Investment Partners
Pennsylvania
$401K -$43.4K -3,989 -9%
SWM
95
Spire Wealth Management
Virginia
$400K -$371K -34,130 -46%
CIAS
96
Capital Investment Advisory Services
North Carolina
$389K -$32.6K -3,000 -7%
WFS
97
Widmann Financial Services
Maryland
$385K +$21.8K +2,007 +6%
GC
98
Gould Capital
Washington
$384K – – –
CWP
99
Cyndeo Wealth Partners
Florida
$375K -$117K -10,743 -23%
WWM
100
Western Wealth Management
Colorado
$375K +$76 +7 +0%
2 3
4
5 6

NAD Hedge Fund Activity: Q3 2023 in Review

247 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2023, worth a combined $728M — down 1% from $735M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of NAD and 27 opened new positions — a net loss of 3 holders — while 88 trimmed existing stakes and 70 added.

The largest buyer was Karpus Investment Management, adding an estimated $25.8M. The largest seller was Rivernorth Capital Management, cutting an estimated $15.9M.

  • 247 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2023, down from 253 in Q2 2023.
  • Funds reported $728M of Nuveen Quality Municipal Income Fund stock for Q3 2023, down 1% quarter-over-quarter.
  • 27 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2023 and 30 closed out, a net change of -3 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2023 was Karpus Investment Management, an estimated $25.8M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2023 was Rivernorth Capital Management, an estimated $15.9M sold.

Based on aggregated 13F filings for Q3 2023.