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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
BCA
176
Bay Colony Advisors
Massachusetts
$169K -$31.3K -2,793 -16%
CHJWM
177
Carlton Hofferkamp & Jenks Wealth Management
Texas
$167K – – –
AC
178
Avestar Capital
New York
$165K +$163K +14,500 New
IWM
179
IHT Wealth Management
Illinois
$164K – – –
OAM
180
Occidental Asset Management
California
$164K -$673 -60 -0.4%
Koshinski Asset Management
181
Koshinski Asset Management
Illinois
$162K – – –
PAW
182
Plan A Wealth
Nebraska
$162K – – –
LJCM
183
Lee Johnson Capital Management
Texas
$161K +$3.14K +280 +2%
AC
184
AlphaCore Capital
California
$157K +$3.03K +270 +2%
CSP
185
Cary Street Partners
Virginia
$156K +$155K +13,829 New
IFWM
186
Institute for Wealth Management
Colorado
$156K – – –
First Trust Advisors
187
First Trust Advisors
Illinois
$155K -$3.94K -351 -2%
PGF
188
Plan Group Financial
Oklahoma
$151K +$150K +13,410 New
BIA
189
Beacon Investment Advisors
Maryland
$151K +$359 +32 +0.2%
P
190
&Partners
Tennessee
$149K +$148K +13,215 New
BHWM
191
Bar Harbor Wealth Management
New Hampshire
$147K – – –
VCM
192
Vivaldi Capital Management
Illinois
$146K – – –
WB
193
WesBanco Bank
West Virginia
$145K – – –
VC
194
Vestor Capital
Illinois
$144K -$93.3K -8,319 -89%
SWA
195
SFMG Wealth Advisors
Texas
$143K – – –
KWS
196
Keystone Wealth Services
California
$143K – – –
IWA
197
Icon Wealth Advisors
Texas
$138K – – –
SCA
198
SMH Capital Advisors
Texas
$137K +$3.04K +271 +2%
AWM
199
Apollon Wealth Management
South Carolina
$136K – – –
AIS
200
Accredited Investor Services
Minnesota
$135K -$280 -25 -0.2%
6 7
8
9 10

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.