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Nuveen Quality Municipal Income Fund
NAD

274 hedge funds and large institutions have $632M invested in Nuveen Quality Municipal Income Fund in 2025 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 87 increasing their positions, 81 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 81

3.41% less ownership

Funds ownership: 27.38% → 23.97% (-3.4%)

4% less funds holding

Funds holding: 285 → 274 (-11)

15% less capital invested

Capital invested by funds: $740M → $632M (-$108M)

19% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 32

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
274
Holders Change
-11
Holders Change %
-3.86%
% of All Funds
3.61%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.05%
New
26
Increased
87
Reduced
81
Closed
32
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$6M
2
Morgan Stanley
Morgan Stanley
New York
+$4.38M
3
UBS Group
UBS Group
Switzerland
+$2.48M
4
Bank of America
Bank of America
North Carolina
+$2.39M
5
OIA
OneDigital Investment Advisors
Kansas
+$2.06M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$34.8M
2
RCM
Rivernorth Capital Management
Florida
-$25.4M
3
SIA
Sit Investment Associates
Minnesota
-$9.93M
4
BI
Bramshill Investments
Florida
-$9.22M
5
Deutsche Bank
Deutsche Bank
Germany
-$9.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
OCM
101
Orleans Capital Management
Louisiana
$529K – – –
PI
102
PFG Investments
New York
$498K -$2.09K -186 -0.4%
CAPTRUST Financial Advisors
103
CAPTRUST Financial Advisors
North Carolina
$497K +$193K +17,202 +64%
AGA
104
Arkos Global Advisors
Texas
$496K -$185K -16,520 -27%
Comerica Bank
105
Comerica Bank
Texas
$472K +$3.17K +283 +0.7%
BEI
106
Benjamin Edwards Inc
Missouri
$454K +$57.2K +5,100 +15%
MWM
107
Melfa Wealth Management
Massachusetts
$433K +$2.33K +208 +0.5%
Envestnet Asset Management
108
Envestnet Asset Management
Illinois
$431K -$5.28M -470,369 -92%
AF
109
Atala Financial
California
$395K – – –
MHS
110
M Holdings Securities
Oregon
$394K +$393K +35,038 New
FAG
111
Fortitude Advisory Group
Washington
$384K +$13.9K +1,235 +4%
SCA
112
Snowden Capital Advisors
New York
$374K -$37.6K -3,350 -9%
Mercer Global Advisors
113
Mercer Global Advisors
Colorado
$369K +$367K +32,721 New
Bank of Montreal
114
Bank of Montreal
Ontario, Canada
$369K +$9.23K +823 +3%
WAAG
115
Wealth Alliance Advisory Group
Kansas
$367K -$14.6K -1,300 -4%
Truist Financial
116
Truist Financial
North Carolina
$361K -$2.19K -195 -0.6%
SFC
117
Summit Financial Consulting
Michigan
$357K – – –
SWM
118
Spire Wealth Management
Virginia
$356K +$101K +9,000 +40%
Focus Partners Wealth
119
Focus Partners Wealth
Massachusetts
$349K +$114K +10,176 +49%
UFA
120
Uptown Financial Advisors
Texas
$343K +$100K +8,940 +42%
GC
121
Gould Capital
Washington
$342K -$4.64K -414 -1%
DADC
122
D.A. Davidson & Co
Montana
$340K – – –
SC
123
Summa Corp
Texas
$337K +$342K +30,464 New
PCA
124
Peddock Capital Advisors
Massachusetts
$330K – – –
IFG
125
Independent Financial Group
California
$326K -$8.31K -741 -3%
3 4
5
6 7

NAD Hedge Fund Activity: Q2 2025 in Review

274 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2025, worth a combined $632M — down 15% from $740M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of NAD and 26 opened new positions — a net loss of 6 holders — while 81 trimmed existing stakes and 87 added.

The largest buyer was Wells Fargo, adding an estimated $6M. The largest seller was Karpus Investment Management, cutting an estimated $34.8M.

  • 274 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2025, down from 285 in Q1 2025.
  • Funds reported $632M of Nuveen Quality Municipal Income Fund stock for Q2 2025, down 15% quarter-over-quarter.
  • 26 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2025 and 32 closed out, a net change of -6 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q2 2025 was Wells Fargo, an estimated $6M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q2 2025 was Karpus Investment Management, an estimated $34.8M sold.

Based on aggregated 13F filings for Q2 2025.