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Nuveen California Quality Municipal Income Fund
NAC

87 hedge funds and large institutions have $148M invested in Nuveen California Quality Municipal Income Fund in 2018 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 21 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

62% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 21

11% more capital invested

Capital invested by funds: $133M → $148M (+$15.2M)

10% more funds holding

Funds holding: 79 → 87 (+8)

0.78% more ownership

Funds ownership: 6.76% → 7.55% (+0.78%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
87
Holders Change
+8
Holders Change %
+10.13%
% of All Funds
1.99%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
15
Increased
34
Reduced
21
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$7.98M
2
UBS Group
UBS Group
Switzerland
+$2.88M
3
LCM
Laurion Capital Management
New York
+$2.12M
4
Morgan Stanley
Morgan Stanley
New York
+$1.36M
5
PWSG
Pacific Wealth Strategies Group
California
+$1.19M

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$4.44M
2
WAM
Weiss Asset Management
Massachusetts
-$875K
3
Wells Fargo
Wells Fargo
California
-$494K
4
DADC
D.A. Davidson & Co
Montana
-$479K
5
FAAS
First Allied Advisory Services
California
-$378K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$966K -$89.9K -6,731 -9%
Cohen & Steers
27
Cohen & Steers
New York
$889K +$889K +66,550 New
RJA
28
Raymond James & Associates
Florida
$781K +$81.3K +6,085 +12%
PFM
29
Probabilities Fund Management
New York
$772K +$126K +9,400 +20%
IA
30
IFP Advisors
Florida
$770K -$134K -10,005 -15%
HCM
31
Hollencrest Capital Management
California
$751K -$39.8K -2,981 -5%
RCM
32
RB Capital Management
Nevada
$745K +$13.3K +997 +2%
GJIC
33
Gamble Jones Investment Counsel
California
$649K – – –
Cambridge Investment Research Advisors
34
Cambridge Investment Research Advisors
Iowa
$617K +$399K +29,868 +183%
NMC
35
Nine Masts Capital
Hong Kong
$599K +$599K +44,800 New
CA
36
Cetera Advisors
Colorado
$584K +$582K +43,593 New
Bank of New York Mellon
37
Bank of New York Mellon
New York
$567K +$50.4K +3,775 +10%
LWAC
38
Laurel Wealth Advisors (California)
California
$533K +$91.6K +6,857 +21%
ICM
39
Ionic Capital Management
New York
$531K +$182K +13,643 +52%
CWM
40
Cornerstone Wealth Management
Missouri
$523K +$93.9K +7,029 New
FAAS
41
First Allied Advisory Services
California
$494K -$378K -28,278 -43%
EWA
42
EP Wealth Advisors
California
$487K -$43.2K -3,232 -8%
RJFSA
43
Raymond James Financial Services Advisors
Florida
$484K +$34.5K +2,585 +8%
HighTower Advisors
44
HighTower Advisors
Illinois
$438K -$8.87K -664 -2%
BF
45
BOK Financial
Oklahoma
$394K – – –
AA
46
AQR Arbitrage
Connecticut
$389K – – –
Millennium Management
47
Millennium Management
New York
$322K +$94.9K +7,100 +42%
VIM
48
Vista Investment Management
Pennsylvania
$314K +$114K +8,500 +57%
ECM
49
Evergreen Capital Management
Washington
$305K – – –
SWP
50
Stratos Wealth Partners
Ohio
$268K +$1.78K +133 +0.7%
1
2
3 4

NAC Hedge Fund Activity: Q2 2018 in Review

87 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2018, worth a combined $148M — up 11% from $133M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new NAC positions and 7 closed out — a net gain of 8 holders — while 34 added to existing stakes and 21 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $7.98M. The largest seller was Advisors Asset Management, cutting an estimated $4.44M.

  • 87 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2018, up from 79 in Q1 2018.
  • Funds reported $148M of Nuveen California Quality Municipal Income Fund stock for Q2 2018, up 11% quarter-over-quarter.
  • 15 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2018 and 7 closed out, a net change of +8 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2018 was Rivernorth Capital Management, an estimated $7.98M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2018 was Advisors Asset Management, an estimated $4.44M sold.

Based on aggregated 13F filings for Q2 2018.