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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
Creative Planning
176
Creative Planning
Kansas
$191K +$10.4K +882 +6%
TIAM2
177
Tru Independence Asset Management 2
Oregon
$185K – – –
MC
178
Moors & Cabot
Massachusetts
$180K +$60K +5,106 +48%
AWA
179
AmeriServ Wealth Advisors
Pennsylvania
$179K – – –
CAM
180
Clark Asset Management
New Hampshire
$179K – – –
CRC
181
Curi RMB Capital
Illinois
$174K +$176K +15,000 New
KCM
182
Kennicott Capital Management
California
$173K – – –
CAM
183
Concorde Asset Management
Michigan
$173K +$182K +15,466 New
US Bancorp
184
US Bancorp
Minnesota
$168K +$30.1K +2,559 +21%
OAM
185
Occidental Asset Management
California
$168K -$305 -26 -0.2%
IWM
186
IHT Wealth Management
Illinois
$168K – – –
CHJWM
187
Carlton Hofferkamp & Jenks Wealth Management
Texas
$166K – – –
Koshinski Asset Management
188
Koshinski Asset Management
Illinois
$166K – – –
PAW
189
Plan A Wealth
Nebraska
$165K – – –
First Trust Advisors
190
First Trust Advisors
Illinois
$162K -$6.73K -573 -4%
LJCM
191
Lee Johnson Capital Management
Texas
$161K +$164K +13,999 New
IFWM
192
Institute for Wealth Management
Colorado
$159K – – –
ACA
193
Aptus Capital Advisors
Alabama
$158K – – –
AC
194
AlphaCore Capital
California
$157K +$159K +13,505 New
BIA
195
Beacon Investment Advisors
Maryland
$154K +$235 +20 +0.1%
SBIA
196
Sheaff Brock Investment Advisors
Indiana
$152K – – –
CA
197
Carson Advisory
Georgia
$151K – – –
VWA
198
VSM Wealth Advisory
Maryland
$150K +$1.94K +165 +1%
BHWM
199
Bar Harbor Wealth Management
New Hampshire
$150K – – –
VCM
200
Vivaldi Capital Management
Illinois
$149K – – –
6 7
8
9 10

NAD Hedge Fund Activity: Q1 2025 in Review

285 of the 7,458 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.