Eaton Vance California Municipal Income Trust
22 hedge funds and large institutions have $16.7M invested in Eaton Vance California Municipal Income Trust in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 5 closing their positions.
36% more capital invested
Capital invested by funds: $12.3M → $16.7M (+$4.43M)
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
5.53% more ownership
Funds ownership: 17.99% → 23.51% (+5.5%)
5% more funds holding
Funds holding: 21 → 22 (+1)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.5M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$659K |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$446K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$282K |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$204K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$843K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$502K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$267K |
| 4 |
Morgan Stanley
New York
|
-$231K |
| 5 |
SCA
Snowden Capital Advisors
New York
|
-$219K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$71K | -7,412 | Closed |
|
27
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
| – | -$29K | -3,041 | Closed |
|
CEV Hedge Fund Activity: Q4 2022 in Review
22 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q4 2022, worth a combined $16.7M — up 36% from $12.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new CEV positions and 5 closed out — a net gain of 1 holder — while 5 added to existing stakes and 8 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $4.5M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $843K sold.
- 22 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q4 2022, up from 21 in Q3 2022.
- Funds reported $16.7M of Eaton Vance California Municipal Income Trust stock for Q4 2022, up 36% quarter-over-quarter.
- 6 funds opened new Eaton Vance California Municipal Income Trust positions in Q4 2022 and 5 closed out, a net change of +1 holder.
- The largest Eaton Vance California Municipal Income Trust buyer in Q4 2022 was Saba Capital Management, an estimated $4.5M added.
- The largest Eaton Vance California Municipal Income Trust seller in Q4 2022 was Rivernorth Capital Management, an estimated $843K sold.
Based on aggregated 13F filings for Q4 2022.