There is a long list of 63 institutional holders of NMAI within the last two holding periods in our database of 13F filers, so we've sorted through to present to you just the top 50 institutional holders of NMAI by largest to smallest position reported in the institutional investor's latest 13F filing. In the institutional-holders-of-NMAI table below, the initial column indicates the name of each top institutional holder of NMAI, with a link to that fund's top holdings. The next columns indicate the amount of NMAI stock held by each of the institutional holders of NMAI, followed by the NMAI position size held by the institution, and finally the date of the quarterly 13F filing period the holdings data represents for that institution.

Holder	Amount	Position Size ($ in 1000's)	As of
Saba Capital Management L.P.	4,720,658	$58,064	12/31/2023
NMAI	4,720,658	$58,064	12/31/2023
Sit Investment Associates Inc.	1,380,710	$16,983	12/31/2023
NMAI	1,380,710	$16,983	12/31/2023
Morgan Stanley	1,380,271	$16,977	12/31/2023
NMAI	1,380,271	$16,977	12/31/2023
UBS Group AG	566,670	$6,970	12/31/2023
NMAI	566,670	$6,970	12/31/2023
Heron Bay Capital Management	372,776	$4,585	12/31/2023
NMAI	372,776	$4,585	12/31/2023
LPL Financial LLC	272,378	$3,350	12/31/2023
NMAI	272,378	$3,350	12/31/2023
Clough Capital Partners L P	251,150	$3,089	12/31/2023
NMAI	251,150	$3,089	12/31/2023
Advisor Group Holdings Inc.	144,161	$1,773	12/31/2023
NMAI	144,161	$1,773	12/31/2023
Alpine Global Management LLC	125,000	$1,538	12/31/2023
NMAI	125,000	$1,538	12/31/2023
Advisors Asset Management Inc.	124,499	$1,531	12/31/2023
NMAI	124,499	$1,531	12/31/2023
Benjamin F. Edwards & Company Inc.	88,987	$1,095	12/31/2023
NMAI	88,987	$1,095	12/31/2023
Quarry LP	86,966	$1,070	12/31/2023
NMAI	86,966	$1,070	12/31/2023
Rockefeller Capital Management L.P.	72,502	$892	12/31/2023
NMAI	72,502	$892	12/31/2023
Millennium Management LLC	71,738	$882	12/31/2023
NMAI	71,738	$882	12/31/2023
Cetera Advisor Networks LLC	70,322	$865	12/31/2023
NMAI	70,322	$865	12/31/2023
City of London Investment Management Co. Ltd.	65,350	$804	12/31/2023
NMAI	65,350	$804	12/31/2023
Raymond James & Associates	63,986	$796	03/31/2024
NMAI	63,986	$796	03/31/2024
Blue Bell Private Wealth Management LLC	54,198	$674	03/31/2024
NMAI	54,198	$674	03/31/2024
Comerica Bank	46,717	$575	12/31/2023
NMAI	46,717	$575	12/31/2023
Silverlake Wealth Management LLC	42,970	$535	03/31/2024
NMAI	42,970	$535	03/31/2024
Stifel Financial Corp	37,611	$463	12/31/2023
NMAI	37,611	$463	12/31/2023
Bank of America Corp DE	37,199	$458	12/31/2023
NMAI	37,199	$458	12/31/2023
Janney Montgomery Scott LLC	36,767	$452	12/31/2023
NMAI	36,767	$452	12/31/2023
Kayne Anderson Capital Advisors LP	32,100	$395	12/31/2023
NMAI	32,100	$395	12/31/2023
Gladstone Institutional Advisory LLC	30,000	$369	12/31/2023
NMAI	30,000	$369	12/31/2023
GWM Advisors LLC	30,252	$368	12/31/2023
NMAI	30,252	$368	12/31/2023
Royal Bank of Canada	28,876	$355	12/31/2023
NMAI	28,876	$355	12/31/2023
Commonwealth Equity Services LLC	27,904	$343	12/31/2023
NMAI	27,904	$343	12/31/2023
Integrated Wealth Concepts LLC	25,601	$315	12/31/2023
NMAI	25,601	$315	12/31/2023
Cambridge Investment Research Advisors Inc.	24,965	$311	03/31/2024
NMAI	24,965	$311	03/31/2024
Raymond James Financial Services Advisors Inc.	25,005	$311	03/31/2024
NMAI	25,005	$311	03/31/2024
Quantedge Capital Pte Ltd	24,738	$304	12/31/2023
NMAI	24,738	$304	12/31/2023
D.A. Davidson & CO.	23,445	$288	12/31/2023
NMAI	23,445	$288	12/31/2023
Cetera Investment Advisers	17,970	$221	12/31/2023
NMAI	17,970	$221	12/31/2023
MML Investors Services LLC	17,405	$214	12/31/2023
NMAI	17,405	$214	12/31/2023
Fortitude Advisory Group L.L.C.	16,830	$207	12/31/2023
NMAI	16,830	$207	12/31/2023
First Trust Advisors LP	15,678	$193	12/31/2023
NMAI	15,678	$193	12/31/2023
JPMorgan Chase & Co.	14,682	$181	12/31/2023
NMAI	14,682	$181	12/31/2023
Wealth Enhancement Advisory Services LLC	13,772	$171	03/31/2024
NMAI	13,772	$171	03/31/2024
Bulldog Investors LLC	12,779	$157	12/31/2023
NMAI	12,779	$157	12/31/2023
Private Advisor Group LLC	12,669	$156	12/31/2023
NMAI	12,669	$156	12/31/2023
Virtu Financial LLC	11,681	$144	12/31/2023
NMAI	11,681	$144	12/31/2023
Spire Wealth Management	7,248	$90	03/31/2024
NMAI	7,248	$90	03/31/2024
Carolinas Wealth Consulting LLC	7,264	$89	12/31/2023
NMAI	7,264	$89	12/31/2023
Advisory Services Network LLC	5,642	$69	12/31/2023
NMAI	5,642	$69	12/31/2023
US Bancorp DE	4,410	$54	12/31/2023
NMAI	4,410	$54	12/31/2023
Sound Income Strategies LLC	1,905	$24	03/31/2024
NMAI	1,905	$24	03/31/2024
Thomas J. Herzfeld Advisors Inc.	1,587	$20	12/31/2023
NMAI	1,587	$20	12/31/2023
Wolff Wiese Magana LLC	1,200	$15	03/31/2024
NMAI	1,200	$15	03/31/2024
ICA Group Wealth Management LLC	818	$10	12/31/2023
NMAI	818	$10	12/31/2023