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Nuveen Quality Municipal Income Fund
NAD

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.

New
Increased
Maintained
Reduced
Closed

28% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 65

5% more capital invested

Capital invested by funds: $700M → $735M (+$35.2M)

1.72% more ownership

Funds ownership: 26.21% → 27.93% (+1.7%)

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)

Holders
253
Holders Change
-3
Holders Change %
-1.17%
% of All Funds
3.97%
Holding in Top 10
9
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.14%
New
18
Increased
83
Reduced
65
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KIM
Karpus Investment Management
New York
+$33.1M
2
RCM
Rivernorth Capital Management
Florida
+$15.2M
3
BI
Bramshill Investments
Florida
+$4.62M
4
HWAM
Hennion & Walsh Asset Management
New Jersey
+$3.68M
5
HighTower Advisors
HighTower Advisors
Illinois
+$3.43M

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$15.7M
2
Morgan Stanley
Morgan Stanley
New York
-$3.89M
3
Wells Fargo
Wells Fargo
California
-$3.69M
4
BAM
Belpointe Asset Management
Nevada
-$1.83M
5
XF
XML Financial
Maryland
-$898K
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
1
Karpus Investment Management
New York
$81.6M +$33.1M +2,943,033 +68%
RCM
2
Rivernorth Capital Management
Florida
$81.3M +$15.2M +1,347,916 +23%
BI
3
Bramshill Investments
Florida
$73.4M +$4.62M +410,566 +7%
Morgan Stanley
4
Morgan Stanley
New York
$61.1M -$3.89M -345,837 -6%
SIA
5
Sit Investment Associates
Minnesota
$42.6M -$870K -77,312 -2%
UBS Group
6
UBS Group
Switzerland
$32.6M +$93.1K +8,270 +0.3%
Wells Fargo
7
Wells Fargo
California
$29.1M -$3.69M -327,781 -11%
Bank of America
8
Bank of America
North Carolina
$26.4M +$1.55M +137,565 +6%
HWAM
9
Hennion & Walsh Asset Management
New Jersey
$20M +$3.68M +326,698 +23%
VanEck Associates
10
VanEck Associates
New York
$16.3M +$1.02M +90,979 +7%
Allspring Global Investments
11
Allspring Global Investments
North Carolina
$15.3M +$790K +70,185 +5%
GC
12
Guggenheim Capital
Illinois
$10.4M -$15.7M -1,394,073 -60%
Deutsche Bank
13
Deutsche Bank
Germany
$10.3M – – –
RCM
14
Robinson Capital Management
Michigan
$8.95M +$700K +62,184 +8%
HighTower Advisors
15
HighTower Advisors
Illinois
$8.8M +$3.43M +304,314 +64%
GCP
16
Gill Capital Partners
Colorado
$8.62M -$447K -39,732 -5%
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$7.51M +$91.6K +8,139 +1%
MGAM
18
McGowan Group Asset Management
Texas
$7.13M -$109K -9,718 -2%
LSC
19
Logan Stone Capital
Illinois
$7.11M +$2.55M +226,334 +56%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$6.05M +$137K +12,190 +2%
Osaic Holdings
21
Osaic Holdings
Arizona
$5.78M -$488K -43,363 -8%
TIM
22
Tortoise Investment Management
New York
$5.56M +$2.68M +238,084 +93%
AAM
23
Advisors Asset Management
Colorado
$5.35M +$25.3K +2,249 +0.5%
Baird Financial Group
24
Baird Financial Group
Wisconsin
$4.74M +$48K +4,266 +1%
CIA
25
Capital Investment Advisors
Georgia
$4.65M +$7.46K +663 +0.2%
1
2 3 4 5

NAD Hedge Fund Activity: Q2 2023 in Review

253 of the 6,369 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 5% from $700M 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 5% 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.