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Nuveen Quality Municipal Income Fund

58 hedge funds and large institutions have $50.3M invested in Nuveen Quality Municipal Income Fund in 2015 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

36% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 14

12% more funds holding

Funds holding: 5258 (+6)

1.34% less ownership

Funds ownership: 10.39%9.06% (-1.3%)

13% less capital invested

Capital invested by funds: $58.1M → $50.3M (-$7.82M)

Holders
58
Holders Change
+6
Holders Change %
+11.54%
% of All Funds
1.55%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
9
Increased
19
Reduced
14
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$8.53M -$275K -19,219 -3%
PPA
2
Parametric Portfolio Associates
Washington
$5.32M -$59.9K -4,184 -1%
Morgan Stanley
3
Morgan Stanley
New York
$4.68M +$1M +69,959 +27%
Bank of America
4
Bank of America
North Carolina
$3.03M +$628K +43,880 +26%
GC
5
Guggenheim Capital
Illinois
$2.4M -$347K -24,247 -13%
HK
6
Horizon Kinetics
New York
$2.11M -$150K -10,459 -7%
Wells Fargo
7
Wells Fargo
California
$2M +$213K +14,869 +12%
AAM
8
Advisors Asset Management
Colorado
$1.91M -$1.62M -113,431 -46%
UBS Group
9
UBS Group
Switzerland
$1.91M +$324K +22,656 +20%
Invesco
10
Invesco
Georgia
$1.54M -$45.8K -3,198 -3%
CIA
11
Capital Investment Advisors
Georgia
$1.52M -$32.8K -2,291 -2%
CCWA
12
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$1.46M
KIM
13
Karpus Investment Management
New York
$1.37M -$625K -43,637 -31%
MIG
14
Mariner Investment Group
New York
$1.3M +$1.3M +90,596 New
GEM
15
Global Endowment Management
North Carolina
$1.11M
SIA
16
Sit Investment Associates
Minnesota
$959K +$816K +57,000 +570%
Northwestern Mutual Wealth Management
17
Northwestern Mutual Wealth Management
Wisconsin
$938K +$414K +28,902 +79%
LPL Financial
18
LPL Financial
California
$809K +$16.6K +1,161 +2%
NPC
19
National Planning Corporation
California
$737K +$744K +51,941 New
VanEck Associates
20
VanEck Associates
New York
$728K +$145K +10,160 +25%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$651K
AA
22
AQR Arbitrage
Connecticut
$578K +$578K +40,336 New
SWP
23
Stratos Wealth Partners
Ohio
$435K -$430 -30 -0.1%
DC
24
Davenport & Co
Virginia
$372K +$85.9K +6,000 +30%
DLG
25
Daniel L. Goodwin
$354K

NAD Hedge Fund Activity: Q1 2015 in Review

58 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2015, worth a combined $50.3M — down 13% from $58.1M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new NAD positions and 3 closed out — a net gain of 6 holders — while 19 added to existing stakes and 14 trimmed.

The largest buyer was Mariner Investment Group, opening a new position worth an estimated $1.3M. The largest seller was McGowan Group Asset Management, exiting entirely with an estimated $10.1M sold.

  • 58 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2015, up from 52 in Q4 2014.
  • Funds reported $50.3M of Nuveen Quality Municipal Income Fund stock for Q1 2015, down 13% quarter-over-quarter.
  • 9 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2015 and 3 closed out, a net change of +6 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q1 2015 was Mariner Investment Group, an estimated $1.3M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q1 2015 was McGowan Group Asset Management, an estimated $10.1M sold.

Based on aggregated 13F filings for Q1 2015.