Nuveen Quality Municipal Income Fund
228 hedge funds and large institutions have $808M invested in Nuveen Quality Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 65 increasing their positions, 48 reducing their positions, and 22 closing their positions.
91% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 22
35% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 48
11% more capital invested
Capital invested by funds: $725M → $808M (+$83.1M)
8% more funds holding
Funds holding: 212 → 228 (+16)
3.13% more ownership
Funds ownership: 24.61% → 27.75% (+3.1%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$61.5M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$26.9M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$23M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$10.7M |
| 5 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$4.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$6.7M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$4.84M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.14M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.52M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$3.1M |
NAD Hedge Fund Activity: Q1 2020 in Review
228 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2020, worth a combined $808M — up 11% from $725M a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new NAD positions and 22 closed out — a net gain of 20 holders — while 65 added to existing stakes and 48 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $61.5M. The largest seller was Robinson Capital Management, cutting an estimated $6.7M.
- 228 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2020, up from 212 in Q4 2019.
- Funds reported $808M of Nuveen Quality Municipal Income Fund stock for Q1 2020, up 11% quarter-over-quarter.
- 42 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2020 and 22 closed out, a net change of +20 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $61.5M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q1 2020 was Robinson Capital Management, an estimated $6.7M sold.
Based on aggregated 13F filings for Q1 2020.