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Nuveen Quality Municipal Income Fund
NAD

262 hedge funds and large institutions have $708M invested in Nuveen Quality Municipal Income Fund in 2022 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 79 increasing their positions, 67 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 67

0% more funds holding in top 10

Funds holding in top 10: 7 → 7 (0)

0.2% less ownership

Funds ownership: 22.93% → 22.73% (-0.2%)

3% less funds holding

Funds holding: 271 → 262 (-9)

11% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 35

18% less capital invested

Capital invested by funds: $862M → $708M (-$154M)

Holders
262
Holders Change
-9
Holders Change %
-3.32%
% of All Funds
4.13%
Holding in Top 10
7
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
31
Increased
79
Reduced
67
Closed
35
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$36.4M
2
Deutsche Bank
Deutsche Bank
Germany
+$12.4M
3
Wells Fargo
Wells Fargo
California
+$7.85M
4
Allspring Global Investments
Allspring Global Investments
North Carolina
+$5.24M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$3.47M

Top Sellers

1
BI
Bramshill Investments
Florida
-$32.2M
2
V
Veritable
Delaware
-$20.5M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$12.2M
4
GC
Guggenheim Capital
Illinois
-$5.06M
5
Morgan Stanley
Morgan Stanley
New York
-$4.19M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$108M +$36.4M +2,533,256 +46%
UBS Group
2
UBS Group
Switzerland
$57M -$1.37M -95,656 -2%
BI
3
Bramshill Investments
Florida
$50.9M -$32.2M -2,239,439 -37%
PPA
4
Parametric Portfolio Associates
Washington
$47.9M +$1.3M +90,454 +3%
Morgan Stanley
5
Morgan Stanley
New York
$45.3M -$4.19M -291,628 -8%
GC
6
Guggenheim Capital
Illinois
$39.2M -$5.06M -352,338 -11%
Wells Fargo
7
Wells Fargo
California
$33.3M +$7.85M +546,603 +28%
SIA
8
Sit Investment Associates
Minnesota
$28.3M -$3.51M -244,683 -10%
Bank of America
9
Bank of America
North Carolina
$19.2M +$1.66M +115,677 +9%
VanEck Associates
10
VanEck Associates
New York
$15.3M +$352K +24,532 +2%
V
11
Veritable
Delaware
$12.1M -$20.5M -1,428,478 -61%
Allspring Global Investments
12
Allspring Global Investments
North Carolina
$11.7M +$5.24M +364,601 +71%
Deutsche Bank
13
Deutsche Bank
Germany
$11.5M +$12.4M +860,000 New
HWAM
14
Hennion & Walsh Asset Management
New Jersey
$9.51M +$1.72M +120,058 +20%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$8.98M +$594K +41,378 +7%
GCP
16
Gill Capital Partners
Colorado
$8.13M +$1.03M +71,620 +13%
Osaic Holdings
17
Osaic Holdings
Arizona
$5.68M +$71.2K +4,954 +1%
DFG
18
Delphi Financial Group
Delaware
$5.31M – – –
OA
19
Oxbow Advisors
Texas
$5.19M +$1.23M +85,530 +28%
AAM
20
Advisors Asset Management
Colorado
$5.17M +$881K +61,317 +19%
Fiera Capital (Canada)
21
Fiera Capital (Canada)
Quebec, Canada
$4.97M +$3.47M +241,700 +185%
RJA
22
Raymond James & Associates
Florida
$4.78M +$888K +61,826 +21%
LPL Financial
23
LPL Financial
California
$4.69M -$453K -31,545 -8%
Northwestern Mutual Wealth Management
24
Northwestern Mutual Wealth Management
Wisconsin
$4.54M +$3.24M +225,784 +199%
CPC
25
Congress Park Capital
New York
$4.34M +$172K +12,000 +4%
1
2 3 4 5

NAD Hedge Fund Activity: Q1 2022 in Review

262 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q1 2022, worth a combined $708M — down 18% from $862M a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of NAD and 31 opened new positions — a net loss of 4 holders — while 67 trimmed existing stakes and 79 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $36.4M. The largest seller was Bramshill Investments, cutting an estimated $32.2M.

  • 262 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q1 2022, down from 271 in Q4 2021.
  • Funds reported $708M of Nuveen Quality Municipal Income Fund stock for Q1 2022, down 18% quarter-over-quarter.
  • 31 funds opened new Nuveen Quality Municipal Income Fund positions in Q1 2022 and 35 closed out, a net change of -4 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q1 2022 was Rivernorth Capital Management, an estimated $36.4M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q1 2022 was Bramshill Investments, an estimated $32.2M sold.

Based on aggregated 13F filings for Q1 2022.