Eaton Vance California Municipal Income Trust
29 hedge funds and large institutions have $26.3M invested in Eaton Vance California Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 4 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
33% more capital invested
Capital invested by funds: $19.8M → $26.3M (+$6.51M)
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
5.42% more ownership
Funds ownership: 30.8% → 36.22% (+5.4%)
4% more funds holding
Funds holding: 28 → 29 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.05M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.35M |
| 3 |
Morgan Stanley
New York
|
+$995K |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$278K |
| 5 |
Mariner
Overland Park,
Kansas
|
+$175K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.67M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.37M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$392K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$341K |
| 5 |
CW
Channel Wealth
Santa Barbara,
California
|
-$276K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WT
26
Whittier Trust
South Pasadena,
California
| $70.8K | +$38.5K | +4,012 | +141% |
|
27
JP Morgan Chase
New York
| $24.6K | -$12.3K | -1,279 | -35% |
|
|
HCM
28
Hollencrest Capital Management
Newport Beach,
California
| $24.5K | – | – | – |
|
29
Comerica Bank
Dallas,
Texas
| $12.7K | – | – | – |
|
|
RCM
30
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$1.67M | -182,486 | Closed |
|
|
CW
31
Channel Wealth
Santa Barbara,
California
| – | -$276K | -30,121 | Closed |
|
|
FPCP
32
Fort Point Capital Partners
San Francisco,
California
| – | -$191K | -20,817 | Closed |
|
33
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$98.5K | -10,757 | Closed |
|
CEV Hedge Fund Activity: Q4 2023 in Review
29 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Eaton Vance California Municipal Income Trust (CEV) for Q4 2023, worth a combined $26.3M — up 33% from $19.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new CEV positions and 4 closed out — a net gain of 1 holder — while 11 added to existing stakes and 8 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $3.05M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.67M sold.
- 29 institutional investors held Eaton Vance California Municipal Income Trust (CEV) as of Q4 2023, up from 28 in Q3 2023.
- Funds reported $26.3M of Eaton Vance California Municipal Income Trust stock for Q4 2023, up 33% quarter-over-quarter.
- 5 funds opened new Eaton Vance California Municipal Income Trust positions in Q4 2023 and 4 closed out, a net change of +1 holder.
- The largest Eaton Vance California Municipal Income Trust buyer in Q4 2023 was Saba Capital Management, an estimated $3.05M added.
- The largest Eaton Vance California Municipal Income Trust seller in Q4 2023 was Rivernorth Capital Management, an estimated $1.67M sold.
Based on aggregated 13F filings for Q4 2023.