Eaton Vance California Municipal Income Trust
26 hedge funds and large institutions have $28.9M invested in Eaton Vance California Municipal Income Trust in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 3 closing their positions.
21% more capital invested
Capital invested by funds: $23.9M → $28.9M (+$4.95M)
3.38% more ownership
Funds ownership: 30.24% → 33.63% (+3.4%)
4% less funds holding
Funds holding: 27 → 26 (-1)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.39M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.06M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$936K |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
+$286K |
| 5 |
WT
Whittier Trust
South Pasadena,
California
|
+$168K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
-$612K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$354K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$256K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$234K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$193K |
CEV Hedge Fund Activity: Q1 2019 in Review
26 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q1 2019, worth a combined $28.9M — up 21% from $23.9M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of CEV and 2 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 8 added.
The largest buyer was Saba Capital Management, adding an estimated $2.39M. The largest seller was Almitas Capital, cutting an estimated $612K.
- 26 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q1 2019, down from 27 in Q4 2018.
- Funds reported $28.9M of Eaton Vance California Municipal Income Trust stock for Q1 2019, up 21% quarter-over-quarter.
- 2 funds opened new Eaton Vance California Municipal Income Trust positions in Q1 2019 and 3 closed out, a net change of -1 holder.
- The largest Eaton Vance California Municipal Income Trust buyer in Q1 2019 was Saba Capital Management, an estimated $2.39M added.
- The largest Eaton Vance California Municipal Income Trust seller in Q1 2019 was Almitas Capital, an estimated $612K sold.
Based on aggregated 13F filings for Q1 2019.