Nuveen Quality Municipal Income Fund
273 hedge funds and large institutions have $595M invested in Nuveen Quality Municipal Income Fund in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 89 increasing their positions, 72 reducing their positions, and 29 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 72
7% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 29
1% less funds holding
Funds holding: 276 → 273 (-3)
2.19% less ownership
Funds ownership: 23.98% → 21.79% (-2.2%)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
66% less capital inflows, than outflows
Capital inflows: $29.9M | Capital outflows: $87.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
+$5.12M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
+$4.14M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.17M |
| 4 |
GA
GFS Advisors
Houston,
Texas
|
+$1.08M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$29.5M |
| 2 |
Mackay Shields LLC
New York
|
-$13.3M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$9.16M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$4.77M |
| 5 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$4.7M |
NAD Hedge Fund Activity: Q3 2025 in Review
273 of the 7,658 institutional investors tracked by Wall St. Rank reported a position in Nuveen Quality Municipal Income Fund (NAD) for Q3 2025, worth a combined $595M — down 5.9% from $632M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of NAD and 27 opened new positions — a net loss of 2 holders — while 72 trimmed existing stakes and 89 added.
The largest buyer was Raymond James Financial, adding an estimated $5.12M. The largest seller was Rivernorth Capital Management, cutting an estimated $29.5M.
- 273 institutional investors held Nuveen Quality Municipal Income Fund (NAD) as of Q3 2025, down from 276 in Q2 2025.
- Funds reported $595M of Nuveen Quality Municipal Income Fund stock for Q3 2025, down 5.9% quarter-over-quarter.
- 27 funds opened new Nuveen Quality Municipal Income Fund positions in Q3 2025 and 29 closed out, a net change of -2 holders.
- The largest Nuveen Quality Municipal Income Fund buyer in Q3 2025 was Raymond James Financial, an estimated $5.12M added.
- The largest Nuveen Quality Municipal Income Fund seller in Q3 2025 was Rivernorth Capital Management, an estimated $29.5M sold.
Based on aggregated 13F filings for Q3 2025.