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Nuveen California Quality Municipal Income Fund
NAC

57 hedge funds and large institutions have $78.9M invested in Nuveen California Quality Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 19 increasing their positions, 0 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,133% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 3

320% more capital invested

Capital invested by funds: $18.8M → $78.9M (+$60.1M)

148% more funds holding

Funds holding: 23 → 57 (+34)

0.49% less ownership

Funds ownership: 5.75% → 5.26% (-0.49%)

Holders
57
Holders Change
+34
Holders Change %
+147.83%
% of All Funds
1.64%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
37
Increased
19
Reduced
–
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$18.5M
2
Invesco
Invesco
Georgia
+$6.16M
3
U
UBS
Switzerland
+$5.89M
4
Morgan Stanley
Morgan Stanley
New York
+$4.04M
5
AAM
Advisors Asset Management
Colorado
+$3.28M

Top Sellers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
-$2.03M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$289K
3
ECM
ETrade Capital Management
Virginia
-$10K
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
26
First Trust Advisors
Illinois
$415K +$29.3K +2,082 +8%
HighTower Advisors
27
HighTower Advisors
Illinois
$391K +$394K +27,981 New
OC
28
Oppenheimer & Co
New York
$325K +$327K +23,271 New
WAM
29
Wolverine Asset Management
Illinois
$294K +$297K +21,095 New
LTFS
30
Ladenburg Thalmann Financial Services
Florida
$291K +$293K +20,800 New
WTC
31
WhitTier Trust Company
Nevada
$251K +$253K +17,991 New
RJFSA
32
Raymond James Financial Services Advisors
Florida
$230K +$232K +16,458 New
FFA
33
First Foundation Advisors
California
$228K +$230K +16,338 New
CCM
34
Coe Capital Management
Illinois
$226K – – –
Stifel Financial
35
Stifel Financial
Missouri
$208K +$210K +14,898 New
RCM
36
Rivernorth Capital Management
Florida
$179K +$181K +12,833 New
BPBT
37
Boston Private Bank & Trust
Massachusetts
$176K +$177K +12,607 New
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$150K +$151K +10,734 New
CWM
39
Concert Wealth Management
California
$150K +$152K +10,783 New
RW
40
Rand Wealth
Maryland
$148K +$149K +10,612 New
TCM
41
Telos Capital Management
California
$143K +$145K +10,271 New
MA
42
MUFG Americas
New York
$134K +$135K +9,589 New
RFA
43
Reilly Financial Advisors
California
$86K +$87.1K +6,188 New
Citigroup
44
Citigroup
New York
$70K +$70.9K +5,039 New
DADC
45
D.A. Davidson & Co
Montana
$64K +$51.1K +3,632 +363%
BCI
46
Brinker Capital Investments
Pennsylvania
$59K +$59.2K +4,207 New
SNT
47
Security National Trust
West Virginia
$59K +$59.7K +4,243 New
TFO
48
Tarbox Family Office
California
$49K +$7.36K +523 +17%
Deutsche Bank
49
Deutsche Bank
Germany
$41K +$41.5K +2,952 New
WA
50
WFG Advisors
Texas
$33K +$32.8K +2,330 New
1
2
3

NAC Hedge Fund Activity: Q2 2014 in Review

57 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2014, worth a combined $78.9M — up 320% from $18.8M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new NAC positions and 3 closed out — a net gain of 34 holders — while 19 added to existing stakes and 0 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $18.5M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $2.03M sold.

  • 57 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2014, up from 23 in Q1 2014.
  • Funds reported $78.9M of Nuveen California Quality Municipal Income Fund stock for Q2 2014, up 320% quarter-over-quarter.
  • 37 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2014 and 3 closed out, a net change of +34 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2014 was Guggenheim Capital, an estimated $18.5M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2014 was Weiss Asset Management, an estimated $2.03M sold.

Based on aggregated 13F filings for Q2 2014.