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Nuveen Quality Municipal Income Fund

172 hedge funds and large institutions have $542M invested in Nuveen Quality Municipal Income Fund in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 48 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more funds holding in top 10

Funds holding in top 10: 57 (+2)

13% more capital invested

Capital invested by funds: $480M → $542M (+$62.6M)

2.12% more ownership

Funds ownership: 18.09%20.21% (+2.1%)

4% less funds holding

Funds holding: 180172 (-8)

10% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 48

30% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 20

Holders
172
Holders Change
-8
Holders Change %
-4.44%
% of All Funds
3.94%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.16%
New
14
Increased
43
Reduced
48
Closed
20
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$128M +$34.1M +2,594,615 +37%
Morgan Stanley
2
Morgan Stanley
New York
$55.9M +$343K +26,066 +0.6%
PPA
3
Parametric Portfolio Associates
Washington
$50.7M +$3.16M +239,901 +7%
Wells Fargo
4
Wells Fargo
California
$46.1M -$46.7K -3,549 -0.1%
RCM
5
Rivernorth Capital Management
Florida
$28.5M -$51.3K -3,900 -0.2%
UBS Group
6
UBS Group
Switzerland
$22.1M -$1.12M -85,102 -5%
BI
7
Bramshill Investments
Florida
$19.9M +$8.72M +663,125 +80%
OA
8
Oxbow Advisors
Texas
$15.9M +$15.7M +1,193,935 New
RCM
9
Robinson Capital Management
Michigan
$15M -$1.73M -131,655 -10%
Bank of America
10
Bank of America
North Carolina
$12.9M -$3.12M -236,929 -20%
GC
11
Guggenheim Capital
Illinois
$10.1M +$633K +48,127 +7%
VanEck Associates
12
VanEck Associates
New York
$8.9M +$1.14M +86,329 +15%
COLIM
13
City of London Investment Management
United Kingdom
$7.11M +$3.38M +256,831 +92%
SIA
14
Sit Investment Associates
Minnesota
$6.99M -$5.45M -413,969 -44%
HighTower Advisors
15
HighTower Advisors
Illinois
$6.13M +$3.28M +249,439 +118%
PNC Financial Services Group
16
PNC Financial Services Group
Pennsylvania
$5.86M +$95.7K +7,275 +2%
Fiera Capital (Canada)
17
Fiera Capital (Canada)
Quebec, Canada
$5.86M +$1.83M +139,222 +46%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$5.5M +$650K +49,382 +14%
1CP
19
1607 Capital Partners
Virginia
$5.48M -$252K -19,160 -4%
AAM
20
Advisors Asset Management
Colorado
$3.34M -$3.06M -232,670 -48%
6M
21
6 Meridian
Kansas
$3.09M -$30.8K -2,341 -1%
Cohen & Steers
22
Cohen & Steers
New York
$3.06M
Stifel Financial
23
Stifel Financial
Missouri
$2.94M +$384K +29,220 +15%
RJA
24
Raymond James & Associates
Florida
$2.91M +$176K +13,406 +7%
AG
25
Advisor Group
Arizona
$2.89M -$20K -1,521 -0.7%

NAD Hedge Fund Activity: Q2 2018 in Review

172 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2018, worth a combined $542M — up 13% from $480M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of NAD and 14 opened new positions — a net loss of 6 holders — while 48 trimmed existing stakes and 43 added.

The largest buyer was Karpus Investment Management, adding an estimated $34.1M. The largest seller was Sit Investment Associates, cutting an estimated $5.45M.

  • 172 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2018, down from 180 in Q1 2018.
  • Funds reported $542M of Nuveen Quality Municipal Income Fund stock for Q2 2018, up 13% quarter-over-quarter.
  • 14 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2018 and 20 closed out, a net change of -6 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q2 2018 was Karpus Investment Management, an estimated $34.1M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q2 2018 was Sit Investment Associates, an estimated $5.45M sold.

Based on aggregated 13F filings for Q2 2018.