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Nuveen Quality Municipal Income Fund
NAD

274 hedge funds and large institutions have $632M invested in Nuveen Quality Municipal Income Fund in 2025 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 87 increasing their positions, 81 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 81

3.41% less ownership

Funds ownership: 27.38% → 23.97% (-3.4%)

4% less funds holding

Funds holding: 285 → 274 (-11)

15% less capital invested

Capital invested by funds: $740M → $632M (-$108M)

19% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 32

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
274
Holders Change
-11
Holders Change %
-3.86%
% of All Funds
3.61%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.05%
New
26
Increased
87
Reduced
81
Closed
32
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$6M
2
Morgan Stanley
Morgan Stanley
New York
+$4.38M
3
UBS Group
UBS Group
Switzerland
+$2.48M
4
Bank of America
Bank of America
North Carolina
+$2.39M
5
OIA
OneDigital Investment Advisors
Kansas
+$2.06M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$34.8M
2
RCM
Rivernorth Capital Management
Florida
-$25.4M
3
SIA
Sit Investment Associates
Minnesota
-$9.93M
4
BI
Bramshill Investments
Florida
-$9.22M
5
Deutsche Bank
Deutsche Bank
Germany
-$9.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
151
Hollencrest Capital Management
California
$220K – – –
WFS
152
Widmann Financial Services
Maryland
$218K -$21.4K -1,906 -9%
DI
153
Diligent Investors
California
$215K +$864 +77 +0.4%
HH
154
Hilltop Holdings
Texas
$209K – – –
CA
155
CoreCap Advisors
Michigan
$209K +$4.05K +361 +2%
EC
156
Elequin Capital
New York
$208K -$109K -9,697 -35%
CAM
157
Cresset Asset Management
Illinois
$207K +$17.2K +1,538 +9%
AWM
158
AE Wealth Management
Kansas
$205K +$204K +18,162 New
CP
159
Camelot Portfolios
Ohio
$194K +$7.02K +626 +4%
HIP
160
HUB Investment Partners
Texas
$194K -$4.49K -400 -2%
NW
161
NewEdge Wealth
Pennsylvania
$192K +$191K +17,000 New
KeyBank National Association
162
KeyBank National Association
Ohio
$191K – – –
FS
163
Ferguson Shapiro
Georgia
$191K +$3.72K +332 +2%
EW
164
Element Wealth
Mississippi
$191K – – –
SPWG
165
Sage Private Wealth Group
Illinois
$190K – – –
ACS
166
Archford Capital Strategies
Illinois
$187K – – –
TIAM2
167
Tru Independence Asset Management 2
Oregon
$181K – – –
AF
168
Allworth Financial
California
$179K +$149K +13,319 +523%
Creative Planning
169
Creative Planning
Kansas
$177K -$10.2K -907 -5%
AWA
170
AmeriServ Wealth Advisors
Pennsylvania
$175K – – –
CAM
171
Clark Asset Management
New Hampshire
$175K – – –
FIM
172
Fruth Investment Management
Texas
$174K +$56.8K +5,062 +49%
SS
173
Sunbelt Securities
Texas
$172K +$165K +14,726 New
CRC
174
Curi RMB Capital
Illinois
$170K – – –
KCM
175
Kennicott Capital Management
California
$169K – – –
5 6
7
8 9

NAD Hedge Fund Activity: Q2 2025 in Review

274 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2025, worth a combined $632M — down 15% from $740M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of NAD and 26 opened new positions — a net loss of 6 holders — while 81 trimmed existing stakes and 87 added.

The largest buyer was Wells Fargo, adding an estimated $6M. The largest seller was Karpus Investment Management, cutting an estimated $34.8M.

  • 274 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2025, down from 285 in Q1 2025.
  • Funds reported $632M of Nuveen Quality Municipal Income Fund stock for Q2 2025, down 15% quarter-over-quarter.
  • 26 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2025 and 32 closed out, a net change of -6 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q2 2025 was Wells Fargo, an estimated $6M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q2 2025 was Karpus Investment Management, an estimated $34.8M sold.

Based on aggregated 13F filings for Q2 2025.