Nuveen Quality Municipal Income Fund
246 hedge funds and large institutions have $727M invested in Nuveen Quality Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 70 increasing their positions, 88 reducing their positions, and 30 closing their positions.
2.66% more ownership
Funds ownership: 27.93% → 30.59% (+2.7%)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
1% less capital invested
Capital invested by funds: $735M → $727M (-$7.48M)
3% less funds holding
Funds holding: 253 → 246 (-7)
13% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 30
20% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 88
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$25.8M |
| 2 |
Morgan Stanley
New York
|
+$25.5M |
| 3 |
SCM
Saba Capital Management
New York
|
+$14.8M |
| 4 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$9.25M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$5.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$15.9M |
| 2 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$7.13M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.29M |
| 4 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$3.32M |
| 5 |
1W
1776 Wealth
Atlanta,
Georgia
|
-$2.56M |
NAD Hedge Fund Activity: Q3 2023 in Review
246 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2023, worth a combined $727M — down 1% from $735M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of NAD and 26 opened new positions — a net loss of 4 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.
- 246 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2023, down from 253 in Q2 2023.
- Funds reported $727M of Nuveen Quality Municipal Income Fund stock for Q3 2023, down 1% quarter-over-quarter.
- 26 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2023 and 30 closed out, a net change of -4 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.