Eaton Vance California Municipal Income Trust
27 hedge funds and large institutions have $18.7M invested in Eaton Vance California Municipal Income Trust in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
23% more funds holding
Funds holding: 22 → 27 (+5)
12% more capital invested
Capital invested by funds: $16.7M → $18.7M (+$1.94M)
2.67% more ownership
Funds ownership: 23.51% → 26.18% (+2.7%)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$635K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$569K |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$313K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$156K |
| 5 |
WANY
Wealthspire Advisors (New York)
New York
|
+$147K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$369K |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$305K |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$143K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$69.8K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$40.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
JP Morgan Chase
New York
| $1K | +$1.44K | +141 | New |
|
|
27
Commonwealth Equity Services
Waltham,
Massachusetts
| $156 | +$156K | +15,301 | New |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| – | -$369K | -36,970 | Closed |
|
CEV Hedge Fund Activity: Q1 2023 in Review
27 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q1 2023, worth a combined $18.7M — up 12% from $16.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new CEV positions and 1 closed out — a net gain of 5 holders — while 7 added to existing stakes and 9 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $635K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $369K sold.
- 27 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q1 2023, up from 22 in Q4 2022.
- Funds reported $18.7M of Eaton Vance California Municipal Income Trust stock for Q1 2023, up 12% quarter-over-quarter.
- 6 funds opened new Eaton Vance California Municipal Income Trust positions in Q1 2023 and 1 closed out, a net change of +5 holders.
- The largest Eaton Vance California Municipal Income Trust buyer in Q1 2023 was Saba Capital Management, an estimated $635K added.
- The largest Eaton Vance California Municipal Income Trust seller in Q1 2023 was Wolverine Asset Management, an estimated $369K sold.
Based on aggregated 13F filings for Q1 2023.