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Nuveen California Quality Municipal Income Fund
NAC

50 hedge funds and large institutions have $76.7M invested in Nuveen California Quality Municipal Income Fund in 2015 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 9

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

10% more capital invested

Capital invested by funds: $69.7M → $76.7M (+$6.98M)

6% more funds holding

Funds holding: 47 → 50 (+3)

0.26% more ownership

Funds ownership: 4.51% → 4.77% (+0.26%)

Holders
50
Holders Change
+3
Holders Change %
+6.38%
% of All Funds
1.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
15
Reduced
9
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$7.52M
2
WT
Whittier Trust
California
+$1.31M
3
JMPWA
JP Morgan Private Wealth Advisors
California
+$315K
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$299K
5
DIA
Denver Investment Advisors
Colorado
+$146K

Top Sellers

Rank Fund Capital Flow
1
VHAM
Van Hulzen Asset Management
California
-$2.09M
2
DA
Doliver Advisors
Texas
-$1.4M
3
Morgan Stanley
Morgan Stanley
New York
-$772K
4
VKH
Virtu KCG Holdings
New York
-$473K
5
Invesco
Invesco
Georgia
-$418K
Name Holding Trade Value Shares
Change 		Change in
Stake
CWM
26
Concert Wealth Management
California
$245K +$2.14K +147 +0.9%
RJA
27
Raymond James & Associates
Florida
$245K +$25.4K +1,742 +12%
CCM
28
Coe Capital Management
Illinois
$242K – – –
IWMPD
29
Integrated Wealth Management (Palm Desert)
California
$240K – – –
ICAS
30
Investors Capital Advisory Services
Massachusetts
$209K – – –
WTC
31
WhitTier Trust Company
Nevada
$193K -$22.9K -1,569 -11%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$191K -$67.1K -4,599 -27%
BEAM
33
Baker Ellis Asset Management
Washington
$189K – – –
Northwestern Mutual Wealth Management
34
Northwestern Mutual Wealth Management
Wisconsin
$186K +$66.2K +4,536 +57%
RW
35
Rand Wealth
Maryland
$159K – – –
DIA
36
Denver Investment Advisors
Colorado
$150K +$146K +10,000 New
MA
37
MUFG Americas
New York
$131K – – –
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$76K – – –
SNT
39
Security National Trust
West Virginia
$63K – – –
AF
40
Allworth Financial
California
$44K – – –
Deutsche Bank
41
Deutsche Bank
Germany
$43K – – –
SIG
42
Stanford Investment Group
California
$34K – – –
EMA
43
Efficient Market Advisors
California
$31K – – –
US Bancorp
44
US Bancorp
Minnesota
$28K +$27.3K +1,872 New
Citigroup
45
Citigroup
New York
$20K -$56K -3,839 -74%
Fifth Third Bancorp
46
Fifth Third Bancorp
Ohio
$18K +$17.8K +1,219 New
RFA
47
Reilly Financial Advisors
California
$17K +$16.4K +1,126 New
GAM
48
Gemmer Asset Management
California
$16K – – –
MFS
49
MSI Financial Services
Massachusetts
$13K – – –
TRCT
50
Tower Research Capital (TRC)
New York
$4K +$3.68K +252 New
1
2
3

NAC Hedge Fund Activity: Q3 2015 in Review

50 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2015, worth a combined $76.7M — up 10% from $69.7M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new NAC positions and 5 closed out — a net gain of 3 holders — while 15 added to existing stakes and 9 trimmed.

The largest buyer was CIBC Private Wealth Group, opening a new position worth an estimated $7.52M. The largest seller was Van Hulzen Asset Management, exiting entirely with an estimated $2.09M sold.

  • 50 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2015, up from 47 in Q2 2015.
  • Funds reported $76.7M of Nuveen California Quality Municipal Income Fund stock for Q3 2015, up 10% quarter-over-quarter.
  • 8 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2015 and 5 closed out, a net change of +3 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2015 was CIBC Private Wealth Group, an estimated $7.52M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q3 2015 was Van Hulzen Asset Management, an estimated $2.09M sold.

Based on aggregated 13F filings for Q3 2015.