Nuveen Quality Municipal Income Fund
253 hedge funds and large institutions have $735M invested in Nuveen Quality Municipal Income Fund in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 83 increasing their positions, 65 reducing their positions, and 18 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 65
1.72% more ownership
Funds ownership: 26.21% → 27.93% (+1.7%)
4% more capital invested
Capital invested by funds: $706M → $735M (+$29.2M)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
0% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 18
1% less funds holding
Funds holding: 256 → 253 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$33.1M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$15.2M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$4.62M |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$3.68M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$3.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$15.7M |
| 2 |
Morgan Stanley
New York
|
-$3.89M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$3.69M |
| 4 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$1.83M |
| 5 |
XF
XML Financial
Bethesda,
Maryland
|
-$898K |
NAD Hedge Fund Activity: Q2 2023 in Review
253 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q2 2023, worth a combined $735M — up 4.1% from $706M a quarter earlier.
Fund positioning in NAD was balanced in Q2 2023: 18 funds opened new positions, 18 closed out, 83 added to existing stakes and 65 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $33.1M. The largest seller was Guggenheim Capital, cutting an estimated $15.7M.
- 253 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q2 2023, down from 256 in Q1 2023.
- Funds reported $735M of Nuveen Quality Municipal Income Fund stock for Q2 2023, up 4.1% quarter-over-quarter.
- 18 funds opened new Nuveen Quality Municipal Income Fund positions in Q2 2023 and 18 closed out, a net change of 0 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q2 2023 was Karpus Investment Management, an estimated $33.1M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q2 2023 was Guggenheim Capital, an estimated $15.7M sold.
Based on aggregated 13F filings for Q2 2023.