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Nuveen Quality Municipal Income Fund

247 hedge funds and large institutions have $728M invested in Nuveen Quality Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 70 increasing their positions, 88 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.66% more ownership

Funds ownership: 27.93%30.59% (+2.7%)

0% more funds holding in top 10

Funds holding in top 10: 99 (0)

1% less capital invested

Capital invested by funds: $735M → $728M (-$7.4M)

2% less funds holding

Funds holding: 253247 (-6)

10% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 30

20% less repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 88

Holders
247
Holders Change
-6
Holders Change %
-2.37%
% of All Funds
3.92%
Holding in Top 10
9
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.14%
New
27
Increased
70
Reduced
88
Closed
30
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$97.5M +$25.8M +2,374,570 +33%
Morgan Stanley
2
Morgan Stanley
New York
$78.7M +$25.5M +2,343,347 +43%
BI
3
Bramshill Investments
Florida
$71.3M +$5.65M +519,583 +8%
RCM
4
Rivernorth Capital Management
Florida
$58.4M -$15.9M -1,457,571 -20%
SIA
5
Sit Investment Associates
Minnesota
$34.4M -$4.29M -394,278 -10%
UBS Group
6
UBS Group
Switzerland
$29M -$271K -24,869 -0.9%
Wells Fargo
7
Wells Fargo
California
$24.1M -$2.23M -204,609 -8%
Bank of America
8
Bank of America
North Carolina
$22.6M -$1.18M -108,645 -5%
HWAM
9
Hennion & Walsh Asset Management
New Jersey
$17.8M -$181K -16,591 -0.9%
SCM
10
Saba Capital Management
New York
$15.4M +$14.8M +1,355,881 +828%
VanEck Associates
11
VanEck Associates
New York
$14.8M +$152K +14,014 +1%
Deutsche Bank
12
Deutsche Bank
Germany
$14.1M +$5.2M +477,695 +52%
Allspring Global Investments
13
Allspring Global Investments
North Carolina
$13.8M
LSC
14
Logan Stone Capital
Illinois
$11.7M +$5.72M +525,582 +83%
PCM
15
PenderFund Capital Management
British Columbia, Canada
$11.7M +$9.25M +850,000 New
RCM
16
Robinson Capital Management
Michigan
$11.2M +$3.41M +313,467 +39%
GC
17
Guggenheim Capital
Illinois
$9.92M +$619K +56,854 +6%
HighTower Advisors
18
HighTower Advisors
Illinois
$8.17M +$271K +24,892 +3%
AA
19
AQR Arbitrage
Connecticut
$7.75M +$4.55M +418,324 +121%
GCP
20
Gill Capital Partners
Colorado
$7.69M -$72.1K -6,624 -0.9%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$6.58M -$181K -16,649 -2%
Osaic Holdings
22
Osaic Holdings
Arizona
$5.96M +$820K +75,323 +15%
AAM
23
Advisors Asset Management
Colorado
$5.22M +$431K +39,575 +8%
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$4.85M -$638K -58,626 -11%
DWM
25
Dakota Wealth Management
Florida
$4.63M +$1.56M +143,726 +46%

NAD Hedge Fund Activity: Q3 2023 in Review

247 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2023, worth a combined $728M — down 1% from $735M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of NAD and 27 opened new positions — a net loss of 3 holders — while 88 trimmed existing stakes and 70 added.

The largest buyer was Karpus Investment Management, adding an estimated $25.8M. The largest seller was Rivernorth Capital Management, cutting an estimated $15.9M.

  • 247 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2023, down from 253 in Q2 2023.
  • Funds reported $728M of Nuveen Quality Municipal Income Fund stock for Q3 2023, down 1% quarter-over-quarter.
  • 27 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2023 and 30 closed out, a net change of -3 holders.
  • The largest Nuveen Quality Municipal Income Fund buyer in Q3 2023 was Karpus Investment Management, an estimated $25.8M added.
  • The largest Nuveen Quality Municipal Income Fund seller in Q3 2023 was Rivernorth Capital Management, an estimated $15.9M sold.

Based on aggregated 13F filings for Q3 2023.