Nuveen Quality Municipal Income Fund
192 hedge funds and large institutions have $637M invested in Nuveen Quality Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 54 increasing their positions, 47 reducing their positions, and 14 closing their positions.
71% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 14
15% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 47
5% more funds holding
Funds holding: 182 → 192 (+10)
0.41% less ownership
Funds ownership: 25.44% → 25.04% (-0.41%)
4% less capital invested
Capital invested by funds: $661M → $637M (-$23.7M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$28.2M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$28.1M |
| 3 |
Morgan Stanley
New York
|
+$2.25M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.82M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$46.4M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$11.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$11.4M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.19M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.91M |
NAD Hedge Fund Activity: Q3 2019 in Review
192 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2019, worth a combined $637M — down 3.6% from $661M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new NAD positions and 14 closed out — a net gain of 10 holders — while 54 added to existing stakes and 47 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $28.2M. The largest seller was Bramshill Investments, cutting an estimated $46.4M.
- 192 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2019, up from 182 in Q2 2019.
- Funds reported $637M of Nuveen Quality Municipal Income Fund stock for Q3 2019, down 3.6% quarter-over-quarter.
- 24 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2019 and 14 closed out, a net change of +10 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q3 2019 was Rivernorth Capital Management, an estimated $28.2M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q3 2019 was Bramshill Investments, an estimated $46.4M sold.
Based on aggregated 13F filings for Q3 2019.