Eaton Vance California Municipal Income Trust
26 hedge funds and large institutions have $23.4M invested in Eaton Vance California Municipal Income Trust in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 7 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
3.83% less ownership
Funds ownership: 30.56% → 26.73% (-3.8%)
6% less capital invested
Capital invested by funds: $24.9M → $23.4M (-$1.46M)
7% less funds holding
Funds holding: 28 → 26 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.64M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$526K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$469K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$420K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$381K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.35M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$1.67M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$689K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$518K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$189K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
26
Rivernorth Capital Management
West Palm Beach,
Florida
| $2.17K | +$381K | +29,078 | +22% |
|
|
SCM
27
Saba Capital Management
New York
| – | -$4.35M | -351,419 | Closed |
|
|
AC
28
Almitas Capital
Santa Monica,
California
| – | -$689K | -55,618 | Closed |
|
|
29
Geode Capital Management
Boston,
Massachusetts
| – | -$518K | -41,895 | Closed |
|
|
BI
30
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$433 | -35,000 | Closed |
|
|
WAM
31
Wolverine Asset Management
Chicago,
Illinois
| – | -$189K | -15,285 | Closed |
|
|
RJA
32
Raymond James & Associates
St Petersburg,
Florida
| – | -$139K | -11,204 | Closed |
|
33
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$1K | -139 | Closed |
|
CEV Hedge Fund Activity: Q3 2019 in Review
26 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q3 2019, worth a combined $23.4M — down 5.9% from $24.9M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CEV and 5 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 9 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.64M. The largest seller was Saba Capital Management, exiting entirely with an estimated $4.35M sold.
- 26 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q3 2019, down from 28 in Q2 2019.
- Funds reported $23.4M of Eaton Vance California Municipal Income Trust stock for Q3 2019, down 5.9% quarter-over-quarter.
- 5 funds opened new Eaton Vance California Municipal Income Trust positions in Q3 2019 and 7 closed out, a net change of -2 holders.
- The largest Eaton Vance California Municipal Income Trust buyer in Q3 2019 was Karpus Investment Management, an estimated $2.64M added.
- The largest Eaton Vance California Municipal Income Trust seller in Q3 2019 was Saba Capital Management, an estimated $4.35M sold.
Based on aggregated 13F filings for Q3 2019.