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Nuveen Quality Municipal Income Fund
NAD

267 hedge funds and large institutions have $2.2B invested in Nuveen Quality Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 74 increasing their positions, 85 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

278% more capital invested

Capital invested by funds: $583M → $2.2B (+$1.62B)

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

37% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 30

2.38% more ownership

Funds ownership: 22.71% → 25.08% (+2.4%)

2% more funds holding

Funds holding: 261 → 267 (+6)

13% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 85

Holders
267
Holders Change
+6
Holders Change %
+2.3%
% of All Funds
4.29%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.11%
New
41
Increased
74
Reduced
85
Closed
30
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$29.4M
2
KIM
Karpus Investment Management
New York
+$22.3M
3
SIA
Sit Investment Associates
Minnesota
+$9.55M
4
BI
Bramshill Investments
Florida
+$6.95M
5
RCM
Robinson Capital Management
Michigan
+$4.43M

Top Sellers

Rank Fund Capital Flow
1
V
Veritable
Delaware
-$8.58M
2
Deutsche Bank
Deutsche Bank
Germany
-$8.36M
3
UBS Group
UBS Group
Switzerland
-$7.6M
4
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$4.24M
5
OA
Oxbow Advisors
Texas
-$3.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
PGFC
176
Peapack-Gladstone Financial Corp
New Jersey
$165K -$68K -6,051 -30%
WB
177
WesBanco Bank
West Virginia
$162K +$2.3K +205 +2%
ONB
178
Old National Bancorp
Indiana
$160K +$152K +13,532 New
US Bancorp
179
US Bancorp
Minnesota
$160K -$62.5K -5,565 -29%
FFA
180
Fragasso Financial Advisors
Pennsylvania
$160K -$36.2K -3,221 -19%
DWT
181
Dorsey & Whitney Trust
South Dakota
$159K – – –
WMS
182
Wealth Management Solutions
Pennsylvania
$159K – – –
RCA
183
Ranch Capital Advisors
Florida
$157K -$260K -23,147 -63%
SWM
184
SeaCrest Wealth Management
New York
$157K +$798 +71 +0.5%
BF
185
BOK Financial
Oklahoma
$154K +$147K +13,046 New
BHWM
186
Bar Harbor Wealth Management
New Hampshire
$154K – – –
VCM
187
Vivaldi Capital Management
Illinois
$152K – – –
Creative Planning
188
Creative Planning
Kansas
$151K +$4.51K +401 +3%
KWS
189
Keystone Wealth Services
California
$149K – – –
SFG
190
StrategIQ Financial Group
Indiana
$149K +$142K +12,650 New
NFG
191
Nations Financial Group
Iowa
$149K +$142K +12,616 New
CFB
192
Cullen/Frost Bankers
Texas
$141K – – –
GVAG
193
Great Valley Advisor Group
Delaware
$140K -$5.62K -500 -4%
HR
194
Hardy Reed
Mississippi
$138K – – –
CBTWT
195
Community Bank & Trust (Waco, Texas)
Texas
$137K -$25.8K -2,300 -17%
MCC
196
Money Concepts Capital
Florida
$136K +$57K +5,070 +78%
SSG
197
Summit Securities Group
New York
$136K +$130K +11,531 New
SCA
198
SMH Capital Advisors
Texas
$136K -$1.12K -100 -0.9%
KPWS
199
Kestra Private Wealth Services
Texas
$135K – – –
Lido Advisors
200
Lido Advisors
California
$135K – – –
6 7
8
9 10

NAD Hedge Fund Activity: Q4 2022 in Review

267 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2022, worth a combined $2.2B — up 278% from $583M a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new NAD positions and 30 closed out — a net gain of 11 holders — while 74 added to existing stakes and 85 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $29.4M. The largest seller was Veritable, exiting entirely with an estimated $8.58M sold.

  • 267 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2022, up from 261 in Q3 2022.
  • Funds reported $2.2B of Nuveen Quality Municipal Income Fund stock for Q4 2022, up 278% quarter-over-quarter.
  • 41 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2022 and 30 closed out, a net change of +11 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $29.4M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q4 2022 was Veritable, an estimated $8.58M sold.

Based on aggregated 13F filings for Q4 2022.