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Nuveen California Quality Municipal Income Fund
NAC

47 hedge funds and large institutions have $69.7M invested in Nuveen California Quality Municipal Income Fund in 2015 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.24% less ownership

Funds ownership: 4.75% → 4.51% (-0.24%)

10% less capital invested

Capital invested by funds: $77.5M → $69.7M (-$7.76M)

13% less funds holding

Funds holding: 54 → 47 (-7)

19% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 16

60% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 10

Holders
47
Holders Change
-7
Holders Change %
-12.96%
% of All Funds
1.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
13
Reduced
16
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$2.82M
2
VHAM
Van Hulzen Asset Management
California
+$2.19M
3
DA
Doliver Advisors
Texas
+$899K
4
VKH
Virtu KCG Holdings
New York
+$495K
5
WS
Wedbush Securities
California
+$342K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$2.1M
2
Goldman Sachs
Goldman Sachs
New York
-$1.95M
3
AAM
Advisors Asset Management
Colorado
-$1.67M
4
CS
Credit Suisse
Switzerland
-$1.24M
5
MSL
Mackay Shields LLC
New York
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$249K +$71.9K +4,772 +38%
FMA
27
FNY Managed Accounts
New York
$243K +$255K +16,900 New
CWM
28
Concert Wealth Management
California
$234K +$1.94K +129 +0.8%
CCM
29
Coe Capital Management
Illinois
$233K – – –
IWMPD
30
Integrated Wealth Management (Palm Desert)
California
$231K -$16.7K -1,106 -6%
RJA
31
Raymond James & Associates
Florida
$210K -$36.1K -2,395 -14%
WTC
32
WhitTier Trust Company
Nevada
$208K – – –
ICAS
33
Investors Capital Advisory Services
Massachusetts
$201K +$22.6K +1,500 +12%
BEAM
34
Baker Ellis Asset Management
Washington
$182K -$40K -2,653 -17%
RW
35
Rand Wealth
Maryland
$153K – – –
MA
36
MUFG Americas
New York
$126K – – –
Northwestern Mutual Wealth Management
37
Northwestern Mutual Wealth Management
Wisconsin
$114K +$119K +7,913 New
Citigroup
38
Citigroup
New York
$74K +$2.06K +137 +3%
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$72K – – –
SNT
40
Security National Trust
West Virginia
$61K – – –
AF
41
Allworth Financial
California
$43K – – –
Deutsche Bank
42
Deutsche Bank
Germany
$41K +$17.6K +1,167 +68%
BCI
43
Brinker Capital Investments
Pennsylvania
$39K – – –
SIG
44
Stanford Investment Group
California
$33K – – –
EMA
45
Efficient Market Advisors
California
$29K – – –
GAM
46
Gemmer Asset Management
California
$15K – – –
MFS
47
MSI Financial Services
Massachusetts
$13K -$7.91K -525 -37%
AIG
48
American International Group
New York
$1.83K -$6.39K -424 -77%
Goldman Sachs
49
Goldman Sachs
New York
– -$1.95M -127,281 Closed
MSL
50
Mackay Shields LLC
New York
– -$1.13M -74,048 Closed
1
2
3

NAC Hedge Fund Activity: Q2 2015 in Review

47 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2015, worth a combined $69.7M — down 10% from $77.5M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NAC and 4 opened new positions — a net loss of 6 holders — while 16 trimmed existing stakes and 13 added.

The largest buyer was Morgan Stanley, adding an estimated $2.82M. The largest seller was Guggenheim Capital, cutting an estimated $2.1M.

  • 47 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2015, down from 54 in Q1 2015.
  • Funds reported $69.7M of Nuveen California Quality Municipal Income Fund stock for Q2 2015, down 10% quarter-over-quarter.
  • 4 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2015 and 10 closed out, a net change of -6 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2015 was Morgan Stanley, an estimated $2.82M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2015 was Guggenheim Capital, an estimated $2.1M sold.

Based on aggregated 13F filings for Q2 2015.