Nuveen Quality Municipal Income Fund
212 hedge funds and large institutions have $855M invested in Nuveen Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 70 increasing their positions, 44 reducing their positions, and 31 closing their positions.
59% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 44
5% more capital invested
Capital invested by funds: $813M → $855M (+$42.1M)
0.85% more ownership
Funds ownership: 27.92% → 28.78% (+0.85%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
7% less funds holding
Funds holding: 229 → 212 (-17)
45% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$31.6M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$15.3M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$15.1M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$12.7M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$19.4M |
| 2 |
Morgan Stanley
New York
|
-$10.2M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
-$9.47M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$6.42M |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$5.69M |
NAD Hedge Fund Activity: Q2 2020 in Review
212 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2020, worth a combined $855M — up 5.2% from $813M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of NAD and 17 opened new positions — a net loss of 14 holders — while 44 trimmed existing stakes and 70 added.
The largest buyer was BlackRock, opening a new position worth an estimated $31.6M. The largest seller was Karpus Investment Management, cutting an estimated $19.4M.
- 212 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2020, down from 229 in Q1 2020.
- Funds reported $855M of Nuveen Quality Municipal Income Fund stock for Q2 2020, up 5.2% quarter-over-quarter.
- 17 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2020 and 31 closed out, a net change of -14 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q2 2020 was BlackRock, an estimated $31.6M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q2 2020 was Karpus Investment Management, an estimated $19.4M sold.
Based on aggregated 13F filings for Q2 2020.