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Nuveen Quality Municipal Income Fund
NAD

247 hedge funds and large institutions have $728M invested in Nuveen Quality Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 70 increasing their positions, 88 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.66% more ownership

Funds ownership: 27.93% → 30.59% (+2.7%)

0% more funds holding in top 10

Funds holding in top 10: 9 → 9 (0)

1% less capital invested

Capital invested by funds: $735M → $728M (-$7.4M)

2% less funds holding

Funds holding: 253 → 247 (-6)

10% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 30

20% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 88

Holders
247
Holders Change
-6
Holders Change %
-2.37%
% of All Funds
3.92%
Holding in Top 10
9
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.14%
New
27
Increased
70
Reduced
88
Closed
30
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$25.8M
2
Morgan Stanley
Morgan Stanley
New York
+$25.5M
3
SCM
Saba Capital Management
New York
+$14.8M
4
PCM
PenderFund Capital Management
British Columbia, Canada
+$9.25M
5
LSC
Logan Stone Capital
Illinois
+$5.72M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$15.9M
2
MGAM
McGowan Group Asset Management
Texas
-$7.13M
3
SIA
Sit Investment Associates
Minnesota
-$4.29M
4
DFG
Delphi Financial Group
Delaware
-$3.32M
5
1W
1776 Wealth
Georgia
-$2.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
KA
151
Kercheville Advisors
Texas
$181K – – –
SPWG
152
Sage Private Wealth Group
Illinois
$170K – – –
CT
153
Caldwell Trust
Florida
$169K – – –
ACS
154
Archford Capital Strategies
Illinois
$168K – – –
LNC
155
Lincoln National Corp
Pennsylvania
$168K +$37.6K +3,454 +26%
VCM
156
Vivaldi Capital Management
Illinois
$162K +$18.2K +1,675 +12%
NAS
157
NWF Advisory Services
California
$158K +$120 +11 +0.1%
AWA
158
AmeriServ Wealth Advisors
Pennsylvania
$157K – – –
CBTWT
159
Community Bank & Trust (Waco, Texas)
Texas
$153K +$25K +2,300 +20%
BIM
160
Bridgecreek Investment Management
Oklahoma
$152K – – –
CRC
161
Curi RMB Capital
Illinois
$152K – – –
BFC
162
Bedel Financial Consulting
Indiana
$151K – – –
RWP
163
RWA Wealth Partners
Massachusetts
$150K – – –
IWM
164
IHT Wealth Management
Illinois
$147K -$39.1K -3,595 -20%
SBIA
165
Sheaff Brock Investment Advisors
Indiana
$147K – – –
MWM
166
Meridian Wealth Management
Kentucky
$146K – – –
CHJWM
167
Carlton Hofferkamp & Jenks Wealth Management
Texas
$144K -$54.4K -5,000 -25%
WI
168
Wintrust Investments
Illinois
$142K -$21.8K -2,000 -12%
IFWM
169
Institute for Wealth Management
Colorado
$140K – – –
CA
170
Carson Advisory
Georgia
$139K +$10.5K +968 +8%
SWA
171
SFMG Wealth Advisors
Texas
$139K +$149K +13,715 New
Corient Private Wealth
172
Corient Private Wealth
Florida
$139K +$13.9K +1,277 +10%
CFB
173
Cullen/Frost Bankers
Texas
$137K – – –
ONB
174
Old National Bancorp
Indiana
$137K – – –
WMS
175
Wealth Management Solutions
Pennsylvania
$137K – – –
5 6
7
8 9

NAD Hedge Fund Activity: Q3 2023 in Review

247 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2023, worth a combined $728M — down 1% from $735M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of NAD and 27 opened new positions — a net loss of 3 holders — while 88 trimmed existing stakes and 70 added.

The largest buyer was Karpus Investment Management, adding an estimated $25.8M. The largest seller was Rivernorth Capital Management, cutting an estimated $15.9M.

  • 247 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2023, down from 253 in Q2 2023.
  • Funds reported $728M of Nuveen Quality Municipal Income Fund stock for Q3 2023, down 1% quarter-over-quarter.
  • 27 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2023 and 30 closed out, a net change of -3 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2023 was Karpus Investment Management, an estimated $25.8M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2023 was Rivernorth Capital Management, an estimated $15.9M sold.

Based on aggregated 13F filings for Q3 2023.