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Nuveen California Quality Municipal Income Fund
NAC

55 hedge funds and large institutions have $76.2M invested in Nuveen California Quality Municipal Income Fund in 2014 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 13

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

0% more funds holding

Funds holding: 55 → 55 (0)

0.4% less ownership

Funds ownership: 5.12% → 4.72% (-0.4%)

3% less capital invested

Capital invested by funds: $78.3M → $76.2M (-$2.1M)

Holders
55
Holders Change
–
Holders Change %
0%
% of All Funds
1.47%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
16
Reduced
13
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SG Americas Securities
SG Americas Securities
New York
+$800K
2
Morgan Stanley
Morgan Stanley
New York
+$757K
3
Bank of America
Bank of America
North Carolina
+$690K
4
LTFS
Ladenburg Thalmann Financial Services
Florida
+$413K
5
LPL Financial
LPL Financial
California
+$323K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$5.68M
2
SIA
Sit Investment Associates
Minnesota
-$1.68M
3
AAM
Advisors Asset Management
Colorado
-$984K
4
Invesco
Invesco
Georgia
-$938K
5
RCM
Rivernorth Capital Management
Florida
-$775K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$248K – – –
CCM
27
Coe Capital Management
Illinois
$244K – – –
Stifel Financial
28
Stifel Financial
Missouri
$241K -$41.9K -2,849 -15%
WTC
29
WhitTier Trust Company
Nevada
$234K -$20.8K -1,413 -8%
CWM
30
Concert Wealth Management
California
$193K +$30.5K +2,074 +19%
BPBT
31
Boston Private Bank & Trust
Massachusetts
$190K – – –
ICAS
32
Investors Capital Advisory Services
Massachusetts
$188K +$184K +12,500 New
JMPWA
33
JP Morgan Private Wealth Advisors
California
$177K – – –
RW
34
Rand Wealth
Maryland
$164K – – –
EWA
35
EP Wealth Advisors
California
$161K – – –
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$155K -$5.15K -350 -3%
BEAM
37
Baker Ellis Asset Management
Washington
$155K +$152K +10,306 New
NPC
38
National Planning Corporation
California
$149K +$144K +9,799 New
RFA
39
Reilly Financial Advisors
California
$135K +$29.4K +2,000 +29%
MA
40
MUFG Americas
New York
$116K -$22.1K -1,500 -16%
Citigroup
41
Citigroup
New York
$84K +$8.24K +560 +11%
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$76K – – –
SNT
43
Security National Trust
West Virginia
$64K – – –
TFO
44
Tarbox Family Office
California
$53K – – –
BCI
45
Brinker Capital Investments
Pennsylvania
$44K – – –
SIG
46
Stanford Investment Group
California
$34K +$33.4K +2,273 New
EMA
47
Efficient Market Advisors
California
$31K – – –
Deutsche Bank
48
Deutsche Bank
Germany
$25K – – –
PFG
49
Pacific Financial Group
Washington
$25K +$24.3K +1,650 New
BKA
50
Brick & Kyle Associates
Pennsylvania
$23K +$22.1K +1,506 New
1
2
3

NAC Hedge Fund Activity: Q4 2014 in Review

55 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2014, worth a combined $76.2M — down 2.7% from $78.3M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new NAC positions and 8 closed out — a net gain of 1 holder — while 16 added to existing stakes and 13 trimmed.

The largest buyer was SG Americas Securities, opening a new position worth an estimated $800K. The largest seller was Guggenheim Capital, cutting an estimated $5.68M.

  • 55 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2014, unchanged from Q3 2014.
  • Funds reported $76.2M of Nuveen California Quality Municipal Income Fund stock for Q4 2014, down 2.7% quarter-over-quarter.
  • 9 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2014 and 8 closed out, a net change of +1 holder.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2014 was SG Americas Securities, an estimated $800K added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q4 2014 was Guggenheim Capital, an estimated $5.68M sold.

Based on aggregated 13F filings for Q4 2014.