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Nuveen Quality Municipal Income Fund
NAD

271 hedge funds and large institutions have $594M invested in Nuveen Quality Municipal Income Fund in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 87 increasing their positions, 72 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 72

7% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 29

1% less funds holding

Funds holding: 274 → 271 (-3)

2.2% less ownership

Funds ownership: 23.97% → 21.77% (-2.2%)

6% less capital invested

Capital invested by funds: $632M → $594M (-$37.7M)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
271
Holders Change
-3
Holders Change %
-1.09%
% of All Funds
3.56%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
27
Increased
87
Reduced
72
Closed
29
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Raymond James Financial
Raymond James Financial
Florida
+$5.12M
2
GC
Guggenheim Capital
Illinois
+$4.14M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.17M
4
GA
GFS Advisors
Texas
+$1.08M
5
Ameriprise
Ameriprise
Minnesota
+$1.07M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$29.5M
2
MSL
Mackay Shields LLC
New York
-$13.3M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
-$9.16M
4
Deutsche Bank
Deutsche Bank
Germany
-$4.77M
5
RCM
Robinson Capital Management
Michigan
-$4.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
SWM
101
Spire Wealth Management
Virginia
$439K +$68.2K +6,000 +19%
CAPTRUST Financial Advisors
102
CAPTRUST Financial Advisors
North Carolina
$435K -$77K -6,773 -15%
WAAG
103
Wealth Alliance Advisory Group
Kansas
$407K +$26.2K +2,300 +7%
Bank of New York Mellon
104
Bank of New York Mellon
New York
$405K +$85K +7,473 +28%
FAG
105
Fortitude Advisory Group
Washington
$397K – – –
SFS
106
Sowell Financial Services
Arkansas
$395K +$120K +10,534 +45%
SCA
107
Snowden Capital Advisors
New York
$395K +$7.6K +668 +2%
MSFS
108
Main Street Financial Solutions
Pennsylvania
$391K +$380K +33,408 New
P
109
&Partners
Tennessee
$390K +$230K +20,187 +153%
Bank of Montreal
110
Bank of Montreal
Ontario, Canada
$387K +$4.37K +384 +1%
Wealth Enhancement Advisory Services
111
Wealth Enhancement Advisory Services
Minnesota
$382K +$53.4K +4,694 +17%
Truist Financial
112
Truist Financial
North Carolina
$373K – – –
SFC
113
Summit Financial Consulting
Michigan
$369K – – –
EAM
114
Everstar Asset Management
North Carolina
$367K +$357K +31,367 New
SC
115
Summa Corp
Texas
$356K – – –
UFA
116
Uptown Financial Advisors
Texas
$355K – – –
DADC
117
D.A. Davidson & Co
Montana
$352K – – –
GC
118
Gould Capital
Washington
$350K -$3.91K -344 -1%
PCA
119
Peddock Capital Advisors
Massachusetts
$342K – – –
IFG
120
Independent Financial Group
California
$340K +$3.09K +272 +0.9%
CPIG
121
Chicago Partners Investment Group
Illinois
$337K +$14.8K +1,304 +5%
JSW
122
Journey Strategic Wealth
New Jersey
$335K – – –
TIAA Trust, National Association
123
TIAA Trust, National Association
North Carolina
$322K – – –
MG
124
Marex Group
$320K +$311K +27,352 New
DWM
125
Dakota Wealth Management
Florida
$315K -$374K -32,897 -55%
3 4
5
6 7

NAD Hedge Fund Activity: Q3 2025 in Review

271 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2025, worth a combined $594M — down 6% from $632M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of NAD and 27 opened new positions — a net loss of 2 holders — while 72 trimmed existing stakes and 87 added.

The largest buyer was Raymond James Financial, adding an estimated $5.12M. The largest seller was Rivernorth Capital Management, cutting an estimated $29.5M.

  • 271 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2025, down from 274 in Q2 2025.
  • Funds reported $594M of Nuveen Quality Municipal Income Fund stock for Q3 2025, down 6% quarter-over-quarter.
  • 27 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2025 and 29 closed out, a net change of -2 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2025 was Raymond James Financial, an estimated $5.12M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2025 was Rivernorth Capital Management, an estimated $29.5M sold.

Based on aggregated 13F filings for Q3 2025.