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Nuveen Quality Municipal Income Fund
NAD

285 hedge funds and large institutions have $740M invested in Nuveen Quality Municipal Income Fund in 2025 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 96 increasing their positions, 72 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 72

3.13% less ownership

Funds ownership: 30.51% → 27.38% (-3.1%)

3% less funds holding

Funds holding: 295 → 285 (-10)

14% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 36

26% less capital invested

Capital invested by funds: $1B → $740M (-$260M)

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

Holders
285
Holders Change
-10
Holders Change %
-3.39%
% of All Funds
3.82%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.07%
New
31
Increased
96
Reduced
72
Closed
36
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$6.61M
2
CA
Cornerstone Advisory
Maryland
+$3.85M
3
UBS Group
UBS Group
Switzerland
+$3.51M
4
Bank of America
Bank of America
North Carolina
+$3.17M
5
LPL Financial
LPL Financial
California
+$2.72M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$31.6M
2
RCM
Rivernorth Capital Management
Florida
-$22M
3
Pathstone Holdings
Pathstone Holdings
New Jersey
-$15.6M
4
SIA
Sit Investment Associates
Minnesota
-$9.17M
5
HWAM
Hennion & Walsh Asset Management
New Jersey
-$6.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
SC
151
Scotia Capital
Ontario, Canada
$248K – – –
UFA
152
Uptown Financial Advisors
Texas
$247K +$50.5K +4,300 +25%
WFS
153
Widmann Financial Services
Maryland
$244K -$34.6K -2,949 -12%
S
154
Sunpointe
Missouri
$241K – – –
PFA
155
Pathway Financial Advisers
Indiana
$240K +$2.5K +213 +1%
Focus Partners Wealth
156
Focus Partners Wealth
Massachusetts
$238K +$104K +8,834 +74%
Luther King Capital Management (LKCM)
157
Luther King Capital Management (LKCM)
Texas
$238K – – –
ARC
158
Advisor Resource Council
Texas
$234K +$238K +20,276 New
CA
159
Clearstead Advisors
Ohio
$230K +$117K +10,000 +100%
MFG
160
Merit Financial Group
Georgia
$229K +$100K +8,528 +75%
HCM
161
Hollencrest Capital Management
California
$225K – – –
DI
162
Diligent Investors
California
$219K +$564 +48 +0.3%
HH
163
Hilltop Holdings
Texas
$214K – – –
CA
164
CoreCap Advisors
Michigan
$209K -$1.06K -90 -0.5%
CWC
165
Carolinas Wealth Consulting
North Carolina
$207K +$211K +18,000 New
BCA
166
Bay Colony Advisors
Massachusetts
$203K +$5.14K +438 +3%
HIP
167
HUB Investment Partners
Texas
$202K +$30K +2,550 +17%
KeyBank National Association
168
KeyBank National Association
Ohio
$195K – – –
EW
169
Element Wealth
Mississippi
$195K – – –
CAM
170
Cresset Asset Management
Illinois
$194K -$15.5K -1,317 -7%
SPWG
171
Sage Private Wealth Group
Illinois
$193K – – –
SQA
172
Simon Quick Advisors
New Jersey
$191K +$6.42K +547 +3%
ACS
173
Archford Capital Strategies
Illinois
$191K – – –
FS
174
Ferguson Shapiro
Georgia
$191K +$2.46K +209 +1%
CP
175
Camelot Portfolios
Ohio
$191K +$57.4K +4,883 +42%
5 6
7
8 9

NAD Hedge Fund Activity: Q1 2025 in Review

285 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2025, worth a combined $740M — down 26% from $1B a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of NAD and 31 opened new positions — a net loss of 5 holders — while 72 trimmed existing stakes and 96 added.

The largest buyer was Morgan Stanley, adding an estimated $6.61M. The largest seller was Karpus Investment Management, cutting an estimated $31.6M.

  • 285 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2025, down from 295 in Q4 2024.
  • Funds reported $740M of Nuveen Quality Municipal Income Fund stock for Q1 2025, down 26% quarter-over-quarter.
  • 31 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2025 and 36 closed out, a net change of -5 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q1 2025 was Morgan Stanley, an estimated $6.61M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q1 2025 was Karpus Investment Management, an estimated $31.6M sold.

Based on aggregated 13F filings for Q1 2025.