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Nuveen California Quality Municipal Income Fund
NAC

94 hedge funds and large institutions have $187M invested in Nuveen California Quality Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 8

48% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 21

14% more capital invested

Capital invested by funds: $164M → $187M (+$22.4M)

8% more funds holding

Funds holding: 87 → 94 (+7)

0.88% more ownership

Funds ownership: 8.36% → 9.23% (+0.88%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
94
Holders Change
+7
Holders Change %
+8.05%
% of All Funds
2.06%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
16
Increased
31
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$14.6M
2
RCM
Rivernorth Capital Management
Florida
+$2.69M
3
RCM
Robinson Capital Management
Michigan
+$2.27M
4
Wells Fargo
Wells Fargo
California
+$1.61M
5
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$1.58M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$7.46M
2
SIA
Sit Investment Associates
Minnesota
-$1.75M
3
AA
Apriem Advisors
California
-$576K
4
PWSG
Pacific Wealth Strategies Group
California
-$396K
5
Cohen & Steers
Cohen & Steers
New York
-$369K
Name Holding Trade Value Shares
Change 		Change in
Stake
CRWM
26
Castle Rock Wealth Management
California
$1.04M +$25.3K +1,700 +2%
RCM
27
RB Capital Management
Nevada
$1.02M -$62K -4,170 -6%
RJA
28
Raymond James & Associates
Florida
$989K +$173K +11,636 +21%
Cohen & Steers
29
Cohen & Steers
New York
$923K -$369K -24,772 -29%
DWM
30
Dakota Wealth Management
Florida
$911K -$242K -16,270 -21%
FAAS
31
First Allied Advisory Services
California
$906K -$69.9K -4,700 -7%
Commonwealth Equity Services
32
Commonwealth Equity Services
Massachusetts
$842K -$134K -9,002 -14%
HCM
33
Hollencrest Capital Management
California
$780K -$17.8K -1,193 -2%
GJIC
34
Gamble Jones Investment Counsel
California
$751K – – –
MA
35
Mutual Advisors
Nebraska
$724K +$28.1K +1,887 +4%
RJFSA
36
Raymond James Financial Services Advisors
Florida
$720K -$256K -17,180 -26%
Kayne Anderson Rudnick Investment Management
37
Kayne Anderson Rudnick Investment Management
California
$716K – – –
PWP
38
Private Wealth Partners
California
$665K +$74.4K +5,000 +13%
WTC
39
WhitTier Trust Company
Nevada
$652K +$65.8K +4,422 +11%
MIAN
40
Mariner Independent Advisor Network
Kansas
$650K -$64.7K -4,346 -9%
CFG
41
Cooper Financial Group
California
$617K +$6.5K +437 +1%
EW
42
Evoke Wealth
California
$541K +$536K +35,994 New
BRWM
43
B. Riley Wealth Management
Tennessee
$525K – – –
HighTower Advisors
44
HighTower Advisors
Illinois
$515K +$18.1K +1,219 +4%
Cetera Investment Advisers
45
Cetera Investment Advisers
Illinois
$473K – – –
BF
46
BOK Financial
Oklahoma
$450K – – –
LNWWM
47
Laird Norton Wetherby Wealth Management
California
$435K – – –
AIC
48
Ameritas Investment Company
Nebraska
$425K +$428K +28,773 New
FAT
49
First American Trust
California
$421K +$31.4K +2,110 +8%
CCM
50
Coe Capital Management
Illinois
$346K – – –
1
2
3 4 5

NAC Hedge Fund Activity: Q3 2019 in Review

94 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2019, worth a combined $187M — up 14% from $164M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new NAC positions and 8 closed out — a net gain of 8 holders — while 31 added to existing stakes and 21 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $14.6M. The largest seller was Karpus Investment Management, cutting an estimated $7.46M.

  • 94 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2019, up from 87 in Q2 2019.
  • Funds reported $187M of Nuveen California Quality Municipal Income Fund stock for Q3 2019, up 14% quarter-over-quarter.
  • 16 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2019 and 8 closed out, a net change of +8 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2019 was Guggenheim Capital, an estimated $14.6M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q3 2019 was Karpus Investment Management, an estimated $7.46M sold.

Based on aggregated 13F filings for Q3 2019.