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Nuveen Quality Municipal Income Fund
NAD

253 hedge funds and large institutions have $735M invested in Nuveen Quality Municipal Income Fund in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 83 increasing their positions, 65 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 65

5% more capital invested

Capital invested by funds: $700M → $735M (+$35.2M)

1.72% more ownership

Funds ownership: 26.21% → 27.93% (+1.7%)

0% more funds holding in top 10

Funds holding in top 10: 9 → 9 (0)

0% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 18

1% less funds holding

Funds holding: 256 → 253 (-3)

Holders
253
Holders Change
-3
Holders Change %
-1.17%
% of All Funds
3.97%
Holding in Top 10
9
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.14%
New
18
Increased
83
Reduced
65
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$33.1M
2
RCM
Rivernorth Capital Management
Florida
+$15.2M
3
BI
Bramshill Investments
Florida
+$4.62M
4
HWAM
Hennion & Walsh Asset Management
New Jersey
+$3.68M
5
HighTower Advisors
HighTower Advisors
Illinois
+$3.43M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$15.7M
2
Morgan Stanley
Morgan Stanley
New York
-$3.89M
3
Wells Fargo
Wells Fargo
California
-$3.69M
4
BAM
Belpointe Asset Management
Nevada
-$1.83M
5
XF
XML Financial
Maryland
-$898K
Name Holding Trade Value Shares
Change 		Change in
Stake
ACS
151
Archford Capital Strategies
Illinois
$188K – – –
MC
152
Moors & Cabot
Massachusetts
$188K -$22.5K -1,996 -11%
SCA
153
Snowden Capital Advisors
New York
$187K -$7.15K -635 -4%
CT
154
Caldwell Trust
Florida
$187K – – –
WAOTB
155
Wealth Advisors of Tampa Bay
Florida
$182K – – –
VF
156
Virtu Financial
New York
$182K +$182K +16,141 New
PMG
157
ProVise Management Group
Florida
$182K -$35.2K -3,130 -16%
Millennium Management
158
Millennium Management
New York
$182K +$181K +16,111 New
WI
159
Wintrust Investments
Illinois
$181K +$181K +16,043 New
ACP
160
Aviance Capital Partners
Florida
$178K -$132K -11,761 -43%
NAS
161
NWF Advisory Services
California
$176K – – –
AWA
162
AmeriServ Wealth Advisors
Pennsylvania
$175K – – –
BIM
163
Bridgecreek Investment Management
Oklahoma
$169K – – –
CRC
164
Curi RMB Capital
Illinois
$169K – – –
BFC
165
Bedel Financial Consulting
Indiana
$168K – – –
FPCP
166
Fort Point Capital Partners
California
$167K +$167K +14,833 New
ACA
167
Ackerman Capital Advisors
Texas
$167K -$2.88K -256 -2%
RWP
168
RWA Wealth Partners
Massachusetts
$166K +$166K +14,750 New
SBIA
169
Sheaff Brock Investment Advisors
Indiana
$164K – – –
MWM
170
Meridian Wealth Management
Kentucky
$163K – – –
VCM
171
Vivaldi Capital Management
Illinois
$161K +$14.9K +1,325 +10%
SOA
172
Sea Otter Advisors
Florida
$157K +$157K +13,935 New
IFWM
173
Institute for Wealth Management
Colorado
$156K +$155K +13,804 New
CFB
174
Cullen/Frost Bankers
Texas
$153K +$36.1K +3,206 +31%
ONB
175
Old National Bancorp
Indiana
$153K – – –
5 6
7
8 9

NAD Hedge Fund Activity: Q2 2023 in Review

253 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2023, worth a combined $735M — up 5% from $700M a quarter earlier.

Fund positioning in NAD was balanced in Q2 2023: 18 funds opened new positions, 18 closed out, 83 added to existing stakes and 65 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $33.1M. The largest seller was Guggenheim Capital, cutting an estimated $15.7M.

  • 253 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2023, down from 256 in Q1 2023.
  • Funds reported $735M of Nuveen Quality Municipal Income Fund stock for Q2 2023, up 5% quarter-over-quarter.
  • 18 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2023 and 18 closed out, a net change of 0 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q2 2023 was Karpus Investment Management, an estimated $33.1M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q2 2023 was Guggenheim Capital, an estimated $15.7M sold.

Based on aggregated 13F filings for Q2 2023.