Nuveen Municipal Income
NMI
28 hedge funds and large institutions have $16.2M invested in Nuveen Municipal Income in 2022 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 4 reducing their positions, and 9 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 4
20% more capital invested
Capital invested by funds: $13.4M → $16.2M (+$2.73M)
1.69% more ownership
Funds ownership: 15.37% → 17.06% (+1.7%)
7% less funds holding
Funds holding: 30 → 28 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.25M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$897K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$605K |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
+$296K |
| 5 |
Morgan Stanley
New York
|
+$274K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$793K |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$633K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$491K |
| 4 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
-$176K |
| 5 |
KFS
Kaizen Financial Strategies
Campbell,
California
|
-$118K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
26
Advisornet Financial
Minnetonka,
Minnesota
| $6.69K | – | – | – |
|
|
RBC
27
Romano Brothers & Co
Evanston,
Illinois
| $6.58K | +$6.24K | +700 | New |
|
|
LWA
28
Lowe Wealth Advisors
Columbia,
Maryland
| $66 | – | – | – |
|
|
WAM
29
Wolverine Asset Management
Chicago,
Illinois
| – | -$793K | -91,279 | Closed |
|
|
RCM
30
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$633K | -72,892 | Closed |
|
|
31
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$491K | -56,450 | Closed |
|
|
OIA
32
OneDigital Investment Advisors
Overland Park,
Kansas
| – | -$176K | -20,289 | Closed |
|
|
LHC
33
Little House Capital
Braintree,
Massachusetts
| – | -$96K | -11,000 | Closed |
|
|
DC
34
Davenport & Co
Richmond,
Virginia
| – | -$89K | -10,261 | Closed |
|
35
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$23K | -2,690 | Closed |
|
36
Bank of America
Charlotte,
North Carolina
| – | -$14K | -1,600 | Closed |
|
|
RCM
37
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$4K | -400 | Closed |
|
NMI Hedge Fund Activity: Q4 2022 in Review
28 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Income (NMI) for Q4 2022, worth a combined $16.2M — up 20% from $13.4M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NMI and 7 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 10 added.
The largest buyer was 1607 Capital Partners, adding an estimated $1.25M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $793K sold.
- 28 institutional investors held Nuveen Municipal Income (NMI) as of Q4 2022, down from 30 in Q3 2022.
- Funds reported $16.2M of Nuveen Municipal Income stock for Q4 2022, up 20% quarter-over-quarter.
- 7 funds opened new Nuveen Municipal Income positions in Q4 2022 and 9 closed out, a net change of -2 holders.
- The largest Nuveen Municipal Income buyer in Q4 2022 was 1607 Capital Partners, an estimated $1.25M added.
- The largest Nuveen Municipal Income seller in Q4 2022 was Wolverine Asset Management, an estimated $793K sold.
Based on aggregated 13F filings for Q4 2022.