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Nuveen Quality Municipal Income Fund
NAD

55 hedge funds and large institutions have $58.5M invested in Nuveen Quality Municipal Income Fund in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 18 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 55 → 55 (0)

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

0.26% less ownership

Funds ownership: 11.76% → 11.5% (-0.26%)

7% less capital invested

Capital invested by funds: $63.2M → $58.5M (-$4.71M)

33% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 18

Holders
55
Holders Change
–
Holders Change %
0%
% of All Funds
1.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
12
Reduced
18
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$4.05M
2
CCWA
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
+$1.1M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$945K
4
PPA
Parametric Portfolio Associates
Washington
+$741K
5
FTCM
Fir Tree Capital Management
New York
+$726K

Top Sellers

1
Invesco
Invesco
Georgia
-$4.56M
2
GC
Guggenheim Capital
Illinois
-$1.14M
3
SIA
Sit Investment Associates
Minnesota
-$1.01M
4
U
UBS
Switzerland
-$916K
5
TC
TFS Capital
Pennsylvania
-$832K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$9.44M +$4.05M +315,041 +77%
AAM
2
Advisors Asset Management
Colorado
$7.02M -$534K -41,562 -7%
GC
3
Guggenheim Capital
Illinois
$6.84M -$1.14M -88,995 -15%
Invesco
4
Invesco
Georgia
$6.58M -$4.56M -354,912 -41%
PPA
5
Parametric Portfolio Associates
Washington
$3.48M +$741K +57,674 +27%
HK
6
Horizon Kinetics
New York
$2.99M +$11.7K +912 +0.4%
Morgan Stanley
7
Morgan Stanley
New York
$2.96M +$78.6K +6,119 +3%
U
8
UBS
Switzerland
$2.77M -$916K -71,274 -25%
CRAM
9
Claren Road Asset Management
New York
$2.53M – – –
Wells Fargo
10
Wells Fargo
California
$1.68M +$153K +11,880 +10%
CCWA
11
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$1.12M +$1.1M +85,784 New
Bank of America
12
Bank of America
North Carolina
$995K -$50.7K -3,945 -5%
AQR Capital Management
13
AQR Capital Management
Connecticut
$958K +$945K +73,488 New
MFS
14
MSI Financial Services
Massachusetts
$918K +$289K +22,484 +47%
FTCM
15
Fir Tree Capital Management
New York
$736K +$726K +56,497 New
Northwestern Mutual Wealth Management
16
Northwestern Mutual Wealth Management
Wisconsin
$670K +$134K +10,464 +26%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$585K +$343K +26,716 +147%
SNC
18
Stifel Nicolaus & Co
Missouri
$530K +$32.7K +2,548 +7%
GEM
19
Global Endowment Management
North Carolina
$506K +$499K +38,840 New
UCFA
20
United Capital Financial Advisors
Texas
$493K -$19.9K -1,550 -4%
LPL Financial
21
LPL Financial
California
$478K -$239K -18,578 -33%
VanEck Associates
22
VanEck Associates
New York
$425K +$33.9K +2,634 +9%
BA
23
Boston Advisors
Massachusetts
$415K – – –
KeyBank National Association
24
KeyBank National Association
Ohio
$332K – – –
Comerica Bank
25
Comerica Bank
Texas
$331K -$112K -8,735 -26%
1
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NAD Hedge Fund Activity: Q3 2013 in Review

55 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2013, worth a combined $58.5M — down 7.5% from $63.2M a quarter earlier.

Fund positioning in NAD was balanced in Q3 2013: 6 funds opened new positions, 6 closed out, 12 added to existing stakes and 18 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $4.05M. The largest seller was Invesco, cutting an estimated $4.56M.

  • 55 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2013, unchanged from Q2 2013.
  • Funds reported $58.5M of Nuveen Quality Municipal Income Fund stock for Q3 2013, down 7.5% quarter-over-quarter.
  • 6 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2013 and 6 closed out, a net change of 0 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2013 was Rivernorth Capital Management, an estimated $4.05M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2013 was Invesco, an estimated $4.56M sold.

Based on aggregated 13F filings for Q3 2013.