Nuveen Quality Municipal Income Fund
268 hedge funds and large institutions have $929M invested in Nuveen Quality Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 84 increasing their positions, 75 reducing their positions, and 23 closing their positions.
170% more capital inflows, than outflows
Capital inflows: $166M | Capital outflows: $61.7M
122% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 23
12% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 75
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
9% more funds holding
Funds holding: 246 → 268 (+22)
4.02% more ownership
Funds ownership: 30.59% → 34.61% (+4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
+$22.7M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$21.8M |
| 3 |
Bramshill Investments
Naples,
Florida
|
+$9.26M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$9.24M |
| 5 |
Saba Capital Management
New York
|
+$9.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$29.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.72M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.76M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$2.97M |
| 5 |
JFS Wealth Advisors
Hermitage,
Pennsylvania
|
-$2.13M |
NAD Hedge Fund Activity: Q4 2023 in Review
268 of the 6,878 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q4 2023, worth a combined $929M — up 28% from $727M a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new NAD positions and 23 closed out — a net gain of 28 holders — while 84 added to existing stakes and 75 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $22.7M. The largest seller was Morgan Stanley, cutting an estimated $29.6M.
- 268 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q4 2023, up from 246 in Q3 2023.
- Funds reported $929M of Nuveen Quality Municipal Income Fund stock for Q4 2023, up 28% quarter-over-quarter.
- 51 funds opened new Nuveen Quality Municipal Income Fund positions in Q4 2023 and 23 closed out, a net change of +28 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q4 2023 was Karpus Investment Management, an estimated $22.7M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q4 2023 was Morgan Stanley, an estimated $29.6M sold.
Based on aggregated 13F filings for Q4 2023.