We are live on ! Find out more
NAC icon

Nuveen California Quality Municipal Income Fund
NAC

109 hedge funds and large institutions have $227M invested in Nuveen California Quality Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 36 increasing their positions, 30 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 11

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

20% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 30

9% more capital invested

Capital invested by funds: $208M → $227M (+$19.2M)

5% more funds holding

Funds holding: 104 → 109 (+5)

1.82% more ownership

Funds ownership: 9.65% → 11.47% (+1.8%)

Holders
109
Holders Change
+5
Holders Change %
+4.81%
% of All Funds
2.4%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
19
Increased
36
Reduced
30
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$14.3M
2
G
GenTrust
Florida
+$6.47M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$4.96M
4
KIM
Karpus Investment Management
New York
+$2.68M
5
Morgan Stanley
Morgan Stanley
New York
+$2.67M

Top Sellers

Rank Fund Capital Flow
1
IC
IEQ Capital
California
-$4.8M
2
RCM
Robinson Capital Management
Michigan
-$951K
3
AA
Apriem Advisors
California
-$620K
4
VHAM
Van Hulzen Asset Management
California
-$588K
5
GC
Guggenheim Capital
Illinois
-$450K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
26
Advisors Asset Management
Colorado
$1.74M -$63.6K -4,323 -3%
RCM
27
Robinson Capital Management
Michigan
$1.63M -$951K -64,654 -35%
C
28
Certuity
Florida
$1.4M – – –
JP Morgan Chase
29
JP Morgan Chase
New York
$1.38M +$1.47M +99,905 +13,008%
RJA
30
Raymond James & Associates
Florida
$1.26M +$250K +17,002 +23%
AA
31
Apriem Advisors
California
$1.12M -$620K -42,142 -34%
Cohen & Steers
32
Cohen & Steers
New York
$1.02M +$551K +37,425 +100%
RCM
33
RB Capital Management
Nevada
$947K +$69K +4,693 +7%
CRWM
34
Castle Rock Wealth Management
California
$908K -$33K -2,240 -3%
LCM
35
Landscape Capital Management
New Jersey
$881K +$947K +64,358 New
AA
36
AQR Arbitrage
Connecticut
$872K +$937K +63,660 New
FAAS
37
First Allied Advisory Services
California
$860K -$16.8K -1,143 -2%
LWAC
38
Laurel Wealth Advisors (California)
California
$800K -$22.3K -1,515 -3%
VHAM
39
Van Hulzen Asset Management
California
$765K -$588K -39,981 -42%
AIC
40
Ameritas Investment Company
Nebraska
$761K +$860K +58,441 New
HCM
41
Hollencrest Capital Management
California
$712K – – –
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$707K -$58.1K -3,951 -7%
Ameriprise
43
Ameriprise
Minnesota
$696K -$119K -8,112 -14%
VCM
44
Vivaldi Capital Management
Illinois
$677K +$727K +49,416 New
GJIC
45
Gamble Jones Investment Counsel
California
$665K -$23.3K -1,581 -3%
RJFSA
46
Raymond James Financial Services Advisors
Florida
$653K -$5.33K -362 -0.8%
Kayne Anderson Rudnick Investment Management
47
Kayne Anderson Rudnick Investment Management
California
$653K – – –
MA
48
Mutual Advisors
Nebraska
$649K -$18.7K -1,271 -3%
CFG
49
Cooper Financial Group
California
$649K +$100K +6,826 +17%
EW
50
Evoke Wealth
California
$592K -$10.2K -692 -2%
1
2
3 4 5

NAC Hedge Fund Activity: Q1 2020 in Review

109 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2020, worth a combined $227M — up 9.2% from $208M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new NAC positions and 11 closed out — a net gain of 8 holders — while 36 added to existing stakes and 30 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $14.3M. The largest seller was IEQ Capital, exiting entirely with an estimated $4.8M sold.

  • 109 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2020, up from 104 in Q4 2019.
  • Funds reported $227M of Nuveen California Quality Municipal Income Fund stock for Q1 2020, up 9.2% quarter-over-quarter.
  • 19 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2020 and 11 closed out, a net change of +8 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2020 was Rivernorth Capital Management, an estimated $14.3M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q1 2020 was IEQ Capital, an estimated $4.8M sold.

Based on aggregated 13F filings for Q1 2020.