Nuveen Quality Municipal Income Fund
180 hedge funds and large institutions have $480M invested in Nuveen Quality Municipal Income Fund in 2018 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 58 increasing their positions, 38 reducing their positions, and 19 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 38
11% more capital invested
Capital invested by funds: $430M → $480M (+$49.3M)
11% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 19
2.93% more ownership
Funds ownership: 15.15% → 18.09% (+2.9%)
1% more funds holding
Funds holding: 179 → 180 (+1)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$32.5M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$11M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$8.43M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$8.39M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$7.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$4.12M |
| 2 |
SAM
Shamrock Asset Management
Dallas,
Texas
|
-$1.19M |
| 3 |
Squarepoint
New York
|
-$1.11M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$912K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$907K |
NAD Hedge Fund Activity: Q1 2018 in Review
180 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2018, worth a combined $480M — up 11% from $430M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new NAD positions and 19 closed out — a net gain of 2 holders — while 58 added to existing stakes and 38 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $32.5M. The largest seller was Bank of America, cutting an estimated $4.12M.
- 180 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2018, up from 179 in Q4 2017.
- Funds reported $480M of Nuveen Quality Municipal Income Fund stock for Q1 2018, up 11% quarter-over-quarter.
- 21 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2018 and 19 closed out, a net change of +2 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q1 2018 was Karpus Investment Management, an estimated $32.5M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q1 2018 was Bank of America, an estimated $4.12M sold.
Based on aggregated 13F filings for Q1 2018.