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Nuveen California Quality Municipal Income Fund
NAC

51 hedge funds and large institutions have $79.2M invested in Nuveen California Quality Municipal Income Fund in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 10

0.03% more ownership

Funds ownership: 4.46% → 4.49% (+0.03%)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

3% less capital invested

Capital invested by funds: $81.3M → $79.2M (-$2.1M)

2% less funds holding

Funds holding: 52 → 51 (-1)

Holders
51
Holders Change
-1
Holders Change %
-1.92%
% of All Funds
1.36%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
18
Reduced
10
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.66M
2
AAM
Advisors Asset Management
Colorado
+$875K
3
LTFS
Ladenburg Thalmann Financial Services
Florida
+$500K
4
CWM
Concert Wealth Management
California
+$463K
5
Invesco
Invesco
Georgia
+$422K

Top Sellers

Rank Fund Capital Flow
1
VHAM
Van Hulzen Asset Management
California
-$2.65M
2
WT
Whittier Trust
California
-$1.19M
3
FFA
First Foundation Advisors
California
-$590K
4
GC
Guggenheim Capital
Illinois
-$349K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$250K
Name Holding Trade Value Shares
Change 		Change in
Stake
DA
26
Doliver Advisors
Texas
$278K +$283K +16,914 New
Stifel Financial
27
Stifel Financial
Missouri
$268K -$87.1K -5,204 -24%
CCM
28
Coe Capital Management
Illinois
$266K – – –
IWMPD
29
Integrated Wealth Management (Palm Desert)
California
$264K – – –
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$264K +$2.09K +125 +0.8%
CAN
31
Cetera Advisor Networks
California
$257K +$261K +15,623 New
LCM
32
Laurion Capital Management
New York
$228K +$232K +13,886 New
Susquehanna International Group
33
Susquehanna International Group
Pennsylvania
$222K +$226K +13,536 New
BEAM
34
Baker Ellis Asset Management
Washington
$208K – – –
GKWIM
35
Gerber Kawasaki Wealth & Investment Management
California
$207K +$10K +600 +5%
CA
36
Cetera Advisors
Colorado
$184K -$2.78K -166 -1%
RW
37
Rand Wealth
Maryland
$174K – – –
SEI Investments
38
SEI Investments
Pennsylvania
$169K +$172K +10,260 New
Carson Wealth (CWM LLC)
39
Carson Wealth (CWM LLC)
Nebraska
$168K +$171K +10,243 New
MA
40
MUFG Americas
New York
$160K +$16.7K +1,000 +11%
MFS
41
MSI Financial Services
Massachusetts
$128K +$85.7K +5,123 +192%
Envestnet Asset Management
42
Envestnet Asset Management
Illinois
$123K – – –
SNT
43
Security National Trust
West Virginia
$70K – – –
SIG
44
Stanford Investment Group
California
$37K – – –
WTC
45
WhitTier Trust Company
Nevada
$35K – – –
MFW
46
Mosaic Family Wealth
Missouri
$34K – – –
US Bancorp
47
US Bancorp
Minnesota
$21K -$28.2K -1,688 -57%
SFPIA
48
Stevens First Principles Investment Advisors
California
$18K +$18.4K +1,100 New
GAM
49
Gemmer Asset Management
California
$17K – – –
AG
50
Advisor Group
Arizona
$9K – – –
1
2
3

NAC Hedge Fund Activity: Q3 2016 in Review

51 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2016, worth a combined $79.2M — down 2.6% from $81.3M a quarter earlier.

Fund positioning in NAC was balanced in Q3 2016: 7 funds opened new positions, 7 closed out, 18 added to existing stakes and 10 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.66M. The largest seller was Van Hulzen Asset Management, exiting entirely with an estimated $2.65M sold.

  • 51 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2016, down from 52 in Q2 2016.
  • Funds reported $79.2M of Nuveen California Quality Municipal Income Fund stock for Q3 2016, down 2.6% quarter-over-quarter.
  • 7 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2016 and 7 closed out, a net change of 0 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2016 was Morgan Stanley, an estimated $1.66M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q3 2016 was Van Hulzen Asset Management, an estimated $2.65M sold.

Based on aggregated 13F filings for Q3 2016.