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Nuveen Quality Municipal Income Fund
NAD

172 hedge funds and large institutions have $542M invested in Nuveen Quality Municipal Income Fund in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 48 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

13% more capital invested

Capital invested by funds: $480M → $542M (+$62.6M)

2.12% more ownership

Funds ownership: 18.09% → 20.21% (+2.1%)

4% less funds holding

Funds holding: 180 → 172 (-8)

10% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 48

30% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 20

Holders
172
Holders Change
-8
Holders Change %
-4.44%
% of All Funds
3.94%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.16%
New
14
Increased
43
Reduced
48
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$34.1M
2
OA
Oxbow Advisors
Texas
+$15.7M
3
BI
Bramshill Investments
Florida
+$8.72M
4
COLIM
City of London Investment Management
United Kingdom
+$3.38M
5
HighTower Advisors
HighTower Advisors
Illinois
+$3.28M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$5.45M
2
Bank of America
Bank of America
North Carolina
-$3.12M
3
AAM
Advisors Asset Management
Colorado
-$3.06M
4
RCM
Robinson Capital Management
Michigan
-$1.73M
5
LCM
Landscape Capital Management
New Jersey
-$1.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
126
Doyle Wealth Management
Florida
$142K – – –
EFS
127
Essex Financial Services
Connecticut
$141K – – –
MC
128
Matisse Capital
Oregon
$140K – – –
EAM
129
Evanson Asset Management
California
$137K – – –
TFS
130
TrustCore Financial Services
Tennessee
$137K +$21.1K +1,605 +18%
PK
131
Pflug Koory
Nebraska
$126K – – –
VC
132
Vestor Capital
Illinois
$124K – – –
CAL
133
Capital Advisors Ltd
Ohio
$120K – – –
SSB
134
Sandy Spring Bank
Maryland
$113K +$5.37K +408 +5%
TJHA
135
Thomas J. Herzfeld Advisors
Florida
$105K – – –
Manulife (Manufacturers Life Insurance)
136
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$105K +$434 +33 +0.4%
MCM
137
Mainstay Capital Management
Michigan
$88K – – –
AA
138
Apriem Advisors
California
$76K +$74.8K +5,689 New
SWM
139
SeaCrest Wealth Management
New York
$73K -$5.35K -407 -7%
SNT
140
Security National Trust
West Virginia
$71K -$44.7K -3,395 -39%
PFA
141
Pathway Financial Advisors
Vermont
$68K – – –
WB
142
Webster Bank
Connecticut
$60K – – –
SEI Investments
143
SEI Investments
Pennsylvania
$55K +$38.3K +2,913 +237%
EFSCE
144
Enterprise Financial Services Corp (EFSC)
Missouri
$54K – – –
CFG
145
CKW Financial Group
Hawaii
$53K +$52.8K +4,014 New
HCM
146
Highlander Capital Management
New Jersey
$40K – – –
CAL
147
Capital Analysts LLC
Pennsylvania
$34K -$6.92K -526 -17%
PO
148
Private Ocean
California
$34K – – –
STA
149
Summit Trail Advisors
New York
$32K +$31.1K +2,364 New
KTC
150
Kistler-Tiffany Companies
Pennsylvania
$31K – – –
4 5
6
7 8

NAD Hedge Fund Activity: Q2 2018 in Review

172 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2018, worth a combined $542M — up 13% from $480M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of NAD and 14 opened new positions — a net loss of 6 holders — while 48 trimmed existing stakes and 43 added.

The largest buyer was Karpus Investment Management, adding an estimated $34.1M. The largest seller was Sit Investment Associates, cutting an estimated $5.45M.

  • 172 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2018, down from 180 in Q1 2018.
  • Funds reported $542M of Nuveen Quality Municipal Income Fund stock for Q2 2018, up 13% quarter-over-quarter.
  • 14 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2018 and 20 closed out, a net change of -6 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q2 2018 was Karpus Investment Management, an estimated $34.1M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q2 2018 was Sit Investment Associates, an estimated $5.45M sold.

Based on aggregated 13F filings for Q2 2018.