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Nuveen Quality Municipal Income Fund
NAD

271 hedge funds and large institutions have $594M invested in Nuveen Quality Municipal Income Fund in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 87 increasing their positions, 72 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 72

7% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 29

1% less funds holding

Funds holding: 274 → 271 (-3)

2.2% less ownership

Funds ownership: 23.97% → 21.77% (-2.2%)

6% less capital invested

Capital invested by funds: $632M → $594M (-$37.7M)

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
271
Holders Change
-3
Holders Change %
-1.09%
% of All Funds
3.56%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
27
Increased
87
Reduced
72
Closed
29
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Raymond James Financial
Raymond James Financial
Florida
+$5.12M
2
GC
Guggenheim Capital
Illinois
+$4.14M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.17M
4
GA
GFS Advisors
Texas
+$1.08M
5
Ameriprise
Ameriprise
Minnesota
+$1.07M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$29.5M
2
MSL
Mackay Shields LLC
New York
-$13.3M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
-$9.16M
4
Deutsche Bank
Deutsche Bank
Germany
-$4.77M
5
RCM
Robinson Capital Management
Michigan
-$4.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fifth Third Bancorp
176
Fifth Third Bancorp
Ohio
$155K +$92.1K +8,096 +158%
IAS
177
Insigneo Advisory Services
Florida
$153K +$28.8K +2,535 +24%
BHWM
178
Bar Harbor Wealth Management
New Hampshire
$152K – – –
ATPW
179
Ashton Thomas Private Wealth
Arizona
$152K +$148K +13,000 New
OAM
180
Occidental Asset Management
California
$152K -$17K -1,497 -10%
WB
181
WesBanco Bank
West Virginia
$150K – – –
US Bancorp
182
US Bancorp
Minnesota
$149K -$162K -14,242 -53%
SWA
183
SFMG Wealth Advisors
Texas
$149K – – –
KWS
184
Keystone Wealth Services
California
$148K – – –
AC
185
Avestar Capital
New York
$147K -$22.7K -2,000 -14%
First Trust Advisors
186
First Trust Advisors
Illinois
$147K -$13.3K -1,173 -9%
NFG
187
Northeast Financial Group
Pennsylvania
$146K +$142K +12,462 New
SCA
188
SMH Capital Advisors
Texas
$145K – – –
VAG
189
VisionPoint Advisory Group
Texas
$145K +$12.6K +1,107 +10%
FFG
190
Fiduciary Financial Group
California
$144K +$140K +12,293 New
AC
191
AlphaCore Capital
California
$143K -$18K -1,581 -11%
IWA
192
Icon Wealth Advisors
Texas
$143K – – –
PCM
193
Permanent Capital Management
Illinois
$141K +$137K +12,024 New
AWM
194
Apollon Wealth Management
South Carolina
$141K – – –
STA
195
Summit Trail Advisors
New York
$136K +$7.11K +625 +6%
CA
196
Carson Advisory
Georgia
$136K – – –
SLC
197
Second Line Capital
Louisiana
$136K -$1.14K -100 -0.9%
ACA
198
Aptus Capital Advisors
Alabama
$135K -$1.14K -100 -0.9%
TBT
199
Texas Bank & Trust
Texas
$127K – – –
AIFAIM
200
American Institute for Advanced Investment Management
Arizona
$126K – – –
6 7
8
9 10

NAD Hedge Fund Activity: Q3 2025 in Review

271 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2025, worth a combined $594M — down 6% from $632M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of NAD and 27 opened new positions — a net loss of 2 holders — while 72 trimmed existing stakes and 87 added.

The largest buyer was Raymond James Financial, adding an estimated $5.12M. The largest seller was Rivernorth Capital Management, cutting an estimated $29.5M.

  • 271 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2025, down from 274 in Q2 2025.
  • Funds reported $594M of Nuveen Quality Municipal Income Fund stock for Q3 2025, down 6% quarter-over-quarter.
  • 27 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2025 and 29 closed out, a net change of -2 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2025 was Raymond James Financial, an estimated $5.12M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2025 was Rivernorth Capital Management, an estimated $29.5M sold.

Based on aggregated 13F filings for Q3 2025.