Nuveen Quality Municipal Income Fund
182 hedge funds and large institutions have $666M invested in Nuveen Quality Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 43 increasing their positions, 54 reducing their positions, and 16 closing their positions.
31% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 16
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
11% more capital invested
Capital invested by funds: $602M → $666M (+$63.7M)
2% more funds holding
Funds holding: 179 → 182 (+3)
0.42% more ownership
Funds ownership: 23.86% → 24.28% (+0.42%)
20% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 54
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
+$12.5M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$10.6M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.37M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$2M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.62M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$4.61M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$2.33M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.31M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.68M |
NAD Hedge Fund Activity: Q1 2019 in Review
182 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2019, worth a combined $666M — up 11% from $602M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new NAD positions and 16 closed out — a net gain of 5 holders — while 43 added to existing stakes and 54 trimmed.
The largest buyer was Bramshill Investments, adding an estimated $12.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $4.62M.
- 182 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2019, up from 179 in Q4 2018.
- Funds reported $666M of Nuveen Quality Municipal Income Fund stock for Q1 2019, up 11% quarter-over-quarter.
- 21 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2019 and 16 closed out, a net change of +5 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q1 2019 was Bramshill Investments, an estimated $12.5M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $4.62M sold.
Based on aggregated 13F filings for Q1 2019.