Nuveen Quality Municipal Income Fund
157 hedge funds and large institutions have $349M invested in Nuveen Quality Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 41 increasing their positions, 48 reducing their positions, and 20 closing their positions.
50% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 20
6% more funds holding
Funds holding: 148 → 157 (+9)
0.22% more ownership
Funds ownership: 12.18% → 12.39% (+0.22%)
6% less capital invested
Capital invested by funds: $370M → $349M (-$21M)
15% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 48
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$26.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$14.9M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$8.15M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$3.58M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$2.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$18.4M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$7.89M |
| 3 |
Morgan Stanley
New York
|
-$7.42M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$7.3M |
| 5 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
-$5.33M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FMP
176
Financial Management Professionals
Austin,
Texas
| – | -$55K | -3,715 | Closed |
|
|
EWM
177
Evercore Wealth Management
New York
| – | -$54K | -3,594 | Closed |
|
178
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$52K | -3,457 | Closed |
|
|
FMII
179
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$4K | -240 | Closed |
|
NAD Hedge Fund Activity: Q4 2016 in Review
157 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2016, worth a combined $349M — down 5.7% from $370M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new NAD positions and 20 closed out — a net gain of 10 holders — while 41 added to existing stakes and 48 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $26.7M. The largest seller was Karpus Investment Management, cutting an estimated $18.4M.
- 157 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2016, up from 148 in Q3 2016.
- Funds reported $349M of Nuveen Quality Municipal Income Fund stock for Q4 2016, down 5.7% quarter-over-quarter.
- 30 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2016 and 20 closed out, a net change of +10 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q4 2016 was Rivernorth Capital Management, an estimated $26.7M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q4 2016 was Karpus Investment Management, an estimated $18.4M sold.
Based on aggregated 13F filings for Q4 2016.