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Nuveen California Quality Municipal Income Fund
NAC

54 hedge funds and large institutions have $77.5M invested in Nuveen California Quality Municipal Income Fund in 2015 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 12

2% more capital invested

Capital invested by funds: $76.2M → $77.5M (+$1.27M)

0.03% more ownership

Funds ownership: 4.72% → 4.75% (+0.03%)

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

2% less funds holding

Funds holding: 55 → 54 (-1)

Holders
54
Holders Change
-1
Holders Change %
-1.82%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
16
Reduced
12
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$3.81M
2
Morgan Stanley
Morgan Stanley
New York
+$656K
3
CS
Credit Suisse
Switzerland
+$648K
4
DA
Doliver Advisors
Texas
+$579K
5
Northern Trust
Northern Trust
Illinois
+$285K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$3.89M
2
SG Americas Securities
SG Americas Securities
New York
-$819K
3
AAM
Advisors Asset Management
Colorado
-$593K
4
Bank of America
Bank of America
North Carolina
-$390K
5
Invesco
Invesco
Georgia
-$331K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$314K +$69.1K +4,508 +28%
IWMPD
27
Integrated Wealth Management (Palm Desert)
California
$262K +$263K +17,179 New
RJA
28
Raymond James & Associates
Florida
$260K +$261K +17,009 New
RJFSA
29
Raymond James Financial Services Advisors
Florida
$252K – – –
CCM
30
Coe Capital Management
Illinois
$248K – – –
BEAM
31
Baker Ellis Asset Management
Washington
$234K +$76.6K +5,000 +49%
WTC
32
WhitTier Trust Company
Nevada
$221K -$16.3K -1,061 -7%
BPBT
33
Boston Private Bank & Trust
Massachusetts
$193K – – –
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$192K +$34.6K +2,259 +22%
ICAS
35
Investors Capital Advisory Services
Massachusetts
$191K – – –
JMPWA
36
JP Morgan Private Wealth Advisors
California
$179K – – –
EWA
37
EP Wealth Advisors
California
$163K – – –
RW
38
Rand Wealth
Maryland
$162K – – –
MA
39
MUFG Americas
New York
$134K +$15.3K +1,000 +13%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$78K – – –
Citigroup
41
Citigroup
New York
$77K -$8.58K -560 -10%
SNT
42
Security National Trust
West Virginia
$65K – – –
AF
43
Allworth Financial
California
$46K – – –
BCI
44
Brinker Capital Investments
Pennsylvania
$42K -$3.31K -216 -7%
US Bancorp
45
US Bancorp
Minnesota
$39K +$38.6K +2,520 New
SIG
46
Stanford Investment Group
California
$35K – – –
EMA
47
Efficient Market Advisors
California
$31K – – –
GWM
48
Gupta Wealth Management
California
$31K +$30.7K +2,000 New
Deutsche Bank
49
Deutsche Bank
Germany
$26K – – –
MFS
50
MSI Financial Services
Massachusetts
$21K +$21.6K +1,406 New
1
2
3

NAC Hedge Fund Activity: Q1 2015 in Review

54 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2015, worth a combined $77.5M — up 1.7% from $76.2M a quarter earlier.

Fund positioning in NAC was balanced in Q1 2015: 8 funds opened new positions, 8 closed out, 16 added to existing stakes and 12 trimmed.

The largest buyer was UBS Group, adding an estimated $3.81M. The largest seller was Guggenheim Capital, cutting an estimated $3.89M.

  • 54 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2015, down from 55 in Q4 2014.
  • Funds reported $77.5M of Nuveen California Quality Municipal Income Fund stock for Q1 2015, up 1.7% quarter-over-quarter.
  • 8 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2015 and 8 closed out, a net change of 0 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2015 was UBS Group, an estimated $3.81M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q1 2015 was Guggenheim Capital, an estimated $3.89M sold.

Based on aggregated 13F filings for Q1 2015.