Nuveen Quality Municipal Income Fund
179 hedge funds and large institutions have $602M invested in Nuveen Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 45 increasing their positions, 52 reducing their positions, and 25 closing their positions.
24% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 25
2.35% more ownership
Funds ownership: 21.5% → 23.86% (+2.4%)
2% more funds holding
Funds holding: 175 → 179 (+4)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
1% less capital invested
Capital invested by funds: $609M → $602M (-$6.74M)
13% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 52
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$31.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$16.5M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$8.84M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.86M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$6.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$15.4M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$4.67M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$3.9M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2.95M |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GP
201
Girard Partners
King Of Prussia,
Pennsylvania
| – | -$18K | -1,431 | Closed |
|
|
AA
202
Ancora Advisors
Cleveland,
Ohio
| – | -$16K | -1,286 | Closed |
|
|
AF
203
Advisornet Financial
Minnetonka,
Minnesota
| – | -$13K | -1,028 | Closed |
|
|
CFA
204
Camarda Financial Advisors
Fleming Island,
Florida
| – | -$13K | -985 | Closed |
|
|
ADL
205
Asset Dedication LLC
San Francisco,
California
| – | -$11K | -850 | Closed |
|
|
CPIG
206
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$8K | -671 | Closed |
|
|
FIA
207
FNY Investment Advisers
New York
| – | -$2K | -180 | Closed |
|
208
Fidelity Investments
Boston,
Massachusetts
| – | +$25 | +2 | New |
|
NAD Hedge Fund Activity: Q4 2018 in Review
179 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2018, worth a combined $602M — down 1.1% from $609M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new NAD positions and 25 closed out — a net gain of 6 holders — while 45 added to existing stakes and 52 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $31.7M. The largest seller was Karpus Investment Management, cutting an estimated $15.4M.
- 179 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2018, up from 175 in Q3 2018.
- Funds reported $602M of Nuveen Quality Municipal Income Fund stock for Q4 2018, down 1.1% quarter-over-quarter.
- 31 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2018 and 25 closed out, a net change of +6 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $31.7M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q4 2018 was Karpus Investment Management, an estimated $15.4M sold.
Based on aggregated 13F filings for Q4 2018.