Nuveen California Quality Municipal Income Fund
26 hedge funds and large institutions have $18.4M invested in Nuveen California Quality Municipal Income Fund in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
30% more funds holding
Funds holding: 20 → 26 (+6)
20% more capital invested
Capital invested by funds: $15.3M → $18.4M (+$3.12M)
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
0.89% more ownership
Funds ownership: 5.2% → 6.09% (+0.89%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$1.74M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$666K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$364K |
| 4 |
Morgan Stanley
New York
|
+$318K |
| 5 |
SG Americas Securities
New York
|
+$201K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$582K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$365K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$342K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$151K |
| 5 |
MA
MUFG Americas
New York
|
-$142K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DADC
26
D.A. Davidson & Co
Great Falls,
Montana
| $12K | +$12.7K | +1,000 | New |
|
27
Northern Trust
Chicago,
Illinois
| – | -$3K | -25,760 | Closed |
|
|
RCM
28
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$151K | -11,800 | Closed |
|
|
MA
29
MUFG Americas
New York
| – | -$142K | -11,100 | Closed |
|
|
LTFS
30
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$141K | -11,000 | Closed |
|
31
Creative Planning
Overland Park,
Kansas
| – | -$56K | -4,400 | Closed |
|
NAC Hedge Fund Activity: Q4 2013 in Review
26 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2013, worth a combined $18.4M — up 20% from $15.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NAC positions and 5 closed out — a net gain of 6 holders — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Weiss Asset Management, opening a new position worth an estimated $1.74M. The largest seller was UBS, cutting an estimated $582K.
- 26 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2013, up from 20 in Q3 2013.
- Funds reported $18.4M of Nuveen California Quality Municipal Income Fund stock for Q4 2013, up 20% quarter-over-quarter.
- 11 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2013 and 5 closed out, a net change of +6 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2013 was Weiss Asset Management, an estimated $1.74M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q4 2013 was UBS, an estimated $582K sold.
Based on aggregated 13F filings for Q4 2013.