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Nuveen California Quality Municipal Income Fund
NAC

79 hedge funds and large institutions have $133M invested in Nuveen California Quality Municipal Income Fund in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 24

2% more capital invested

Capital invested by funds: $130M → $133M (+$2.64M)

0.53% more ownership

Funds ownership: 6.23% → 6.76% (+0.53%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less funds holding

Funds holding: 81 → 79 (-2)

15% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 13

Holders
79
Holders Change
-2
Holders Change %
-2.47%
% of All Funds
1.81%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
27
Reduced
24
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$16.8M
2
RCM
Robinson Capital Management
Michigan
+$4.4M
3
JMPWA
JP Morgan Private Wealth Advisors
California
+$2.08M
4
WAM
Wolverine Asset Management
Illinois
+$1.21M
5
DADC
D.A. Davidson & Co
Montana
+$909K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$3.96M
2
Bank of America
Bank of America
North Carolina
-$3.62M
3
MIAN
Mariner Independent Advisor Network
Kansas
-$3.03M
4
LTFS
Ladenburg Thalmann Financial Services
Florida
-$1.4M
5
DA
Doliver Advisors
Texas
-$1.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
26
Weiss Asset Management
Massachusetts
$875K +$417K +30,393 +87%
FAAS
27
First Allied Advisory Services
California
$873K -$12.2K -890 -1%
HCM
28
Hollencrest Capital Management
California
$792K -$29.4K -2,140 -3%
RCM
29
RB Capital Management
Nevada
$733K -$2.8K -204 -0.4%
RJA
30
Raymond James & Associates
Florida
$701K +$176K +12,816 +32%
GJIC
31
Gamble Jones Investment Counsel
California
$650K – – –
PFM
32
Probabilities Fund Management
New York
$643K -$68.6K -5,000 -9%
EWA
33
EP Wealth Advisors
California
$531K -$351K -25,572 -39%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$518K -$117K -8,520 -18%
Creative Planning
35
Creative Planning
Kansas
$517K -$30.6K -2,226 -5%
RJFSA
36
Raymond James Financial Services Advisors
Florida
$450K +$54.9K +4,000 +14%
HighTower Advisors
37
HighTower Advisors
Illinois
$448K +$9.11K +664 +2%
LWAC
38
Laurel Wealth Advisors (California)
California
$442K +$51.8K +3,771 +13%
BF
39
BOK Financial
Oklahoma
$395K +$405K +29,490 New
AA
40
AQR Arbitrage
Connecticut
$389K – – –
TIM
41
Tortoise Investment Management
New York
$379K +$232K +16,900 +148%
ICM
42
Ionic Capital Management
New York
$349K +$358K +26,100 New
SWP
43
Stratos Wealth Partners
Ohio
$267K +$103K +7,469 +60%
B
44
Bailard
California
$250K – – –
KJWM
45
Kiley Juergens Wealth Management
Washington
$248K – – –
AL
46
Aspiriant LLC
California
$235K +$241K +17,556 New
MIAN
47
Mariner Independent Advisor Network
Kansas
$233K -$3.03M -220,904 -93%
Millennium Management
48
Millennium Management
New York
$228K -$884K -64,379 -79%
MA
49
Mutual Advisors
Nebraska
$224K +$10.2K +740 +5%
Cambridge Investment Research Advisors
50
Cambridge Investment Research Advisors
Iowa
$218K +$42.9K +3,123 +24%
1
2
3 4

NAC Hedge Fund Activity: Q1 2018 in Review

79 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2018, worth a combined $133M — up 2% from $130M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of NAC and 11 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 27 added.

The largest buyer was UBS Group, adding an estimated $16.8M. The largest seller was Laurion Capital Management, cutting an estimated $3.96M.

  • 79 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2018, down from 81 in Q4 2017.
  • Funds reported $133M of Nuveen California Quality Municipal Income Fund stock for Q1 2018, up 2% quarter-over-quarter.
  • 11 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2018 and 13 closed out, a net change of -2 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2018 was UBS Group, an estimated $16.8M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q1 2018 was Laurion Capital Management, an estimated $3.96M sold.

Based on aggregated 13F filings for Q1 2018.