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Nuveen Quality Municipal Income Fund

148 hedge funds and large institutions have $370M invested in Nuveen Quality Municipal Income Fund in 2016 Q3 according to their latest regulatory filings, with 92 funds opening new positions, 48 increasing their positions, 3 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,200% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 4

1,500% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 3

649% more capital invested

Capital invested by funds: $49.4M → $370M (+$321M)

147% more funds holding

Funds holding: 60148 (+88)

4.05% more ownership

Funds ownership: 8.12%12.18% (+4.1%)

Holders
148
Holders Change
+88
Holders Change %
+146.67%
% of All Funds
3.95%
Holding in Top 10
3
Holding in Top 10 Change
+3
Holding in Top 10 Change %
% of All Funds
0.08%
New
92
Increased
48
Reduced
3
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$51.1M +$48.7M +3,136,147 +1,223%
KIM
2
Karpus Investment Management
New York
$38.7M +$39.8M +2,566,326 New
Wells Fargo
3
Wells Fargo
California
$21.5M +$20.1M +1,294,468 +1,000%
GC
4
Guggenheim Capital
Illinois
$21.3M +$17.3M +1,117,327 +373%
UBS Group
5
UBS Group
Switzerland
$18.6M +$16.8M +1,079,521 +710%
Bank of America
6
Bank of America
North Carolina
$18.1M +$8.23M +530,562 +79%
1CP
7
1607 Capital Partners
Virginia
$17.4M +$17.9M +1,156,324 New
SIA
8
Sit Investment Associates
Minnesota
$13.1M +$13.4M +861,070 +8,611%
Invesco
9
Invesco
Georgia
$12.5M +$8.93M +575,683 +227%
AAM
10
Advisors Asset Management
Colorado
$11.9M +$10.5M +675,288 +598%
OA
11
Oxbow Advisors
Texas
$10.7M +$11.1M +712,597 New
RCM
12
Robinson Capital Management
Michigan
$10.7M +$11M +710,863 New
VanEck Associates
13
VanEck Associates
New York
$9.29M +$7.85M +505,838 +458%
Fiera Capital (Canada)
14
Fiera Capital (Canada)
Quebec, Canada
$8.81M +$9.08M +584,888 New
LCM
15
Laurion Capital Management
New York
$7.89M +$7.95M +512,091 +4,492%
JP Morgan Chase
16
JP Morgan Chase
New York
$6.03M +$6.2M +399,835 New
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$5.42M +$4.65M +299,493 +495%
NVIM
18
New Vernon Investment Management
Illinois
$5.33M +$5.49M +354,023 New
LPL Financial
19
LPL Financial
California
$4.96M +$4.76M +306,456 +1,116%
PNC Financial Services Group
20
PNC Financial Services Group
Pennsylvania
$3.17M +$3.2M +206,484 +5,284%
NCMW
21
Northern Capital Management (Wisconsin)
Wisconsin
$2.92M +$1.61M +103,555 +115%
DA
22
Doliver Advisors
Texas
$2.72M +$2.59M +167,216 +1,269%
RJFSA
23
Raymond James Financial Services Advisors
Florida
$2.69M +$2.2M +141,752 +385%
Stifel Financial
24
Stifel Financial
Missouri
$2.49M +$2.28M +146,699 +827%
RJA
25
Raymond James & Associates
Florida
$2.45M +$2M +128,622 +378%

NAD Hedge Fund Activity: Q3 2016 in Review

148 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2016, worth a combined $370M — up 649% from $49.4M a quarter earlier.

Buyers outnumbered sellers: 92 funds opened new NAD positions and 4 closed out — a net gain of 88 holders — while 48 added to existing stakes and 3 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $48.7M. The largest seller was Northwestern Mutual Wealth Management, exiting entirely with an estimated $959K sold.

  • 148 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2016, up from 60 in Q2 2016.
  • Funds reported $370M of Nuveen Quality Municipal Income Fund stock for Q3 2016, up 649% quarter-over-quarter.
  • 92 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2016 and 4 closed out, a net change of +88 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2016 was Morgan Stanley, an estimated $48.7M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2016 was Northwestern Mutual Wealth Management, an estimated $959K sold.

Based on aggregated 13F filings for Q3 2016.