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Nuveen California Quality Municipal Income Fund
NAC

114 hedge funds and large institutions have $260M invested in Nuveen California Quality Municipal Income Fund in 2021 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 42 increasing their positions, 24 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 24

0% more capital invested

Capital invested by funds: $259M → $260M (+$794K)

0.26% more ownership

Funds ownership: 11.82% → 12.09% (+0.26%)

8% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 12

2% less funds holding

Funds holding: 116 → 114 (-2)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
114
Holders Change
-2
Holders Change %
-1.72%
% of All Funds
2%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
11
Increased
42
Reduced
24
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$8.71M
2
Wells Fargo
Wells Fargo
California
+$2.32M
3
UBS Group
UBS Group
Switzerland
+$1.28M
4
COLIM
City of London Investment Management
United Kingdom
+$967K
5
CRWM
Castle Rock Wealth Management
California
+$638K

Top Sellers

Rank Fund Capital Flow
1
G
GenTrust
Florida
-$5.09M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.85M
3
Morgan Stanley
Morgan Stanley
New York
-$1.15M
4
BWA
BDO Wealth Advisors
Florida
-$798K
5
Cohen & Steers
Cohen & Steers
New York
-$734K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$1.35M +$5.85K +393 +0.4%
Invesco
27
Invesco
Georgia
$1.29M -$129K -8,704 -9%
RCM
28
RB Capital Management
Nevada
$1.16M +$1.26K +85 +0.1%
AA
29
Apriem Advisors
California
$1.11M -$4.46K -300 -0.4%
WS
30
Wedbush Securities
California
$1.05M +$286K +19,250 +38%
Ameriprise
31
Ameriprise
Minnesota
$1.02M -$208K -13,955 -17%
VHAM
32
Van Hulzen Asset Management
California
$1.02M +$36.7K +2,466 +4%
CRWM
33
Castle Rock Wealth Management
California
$1.01M +$638K +42,908 +181%
COLIM
34
City of London Investment Management
United Kingdom
$966K +$967K +65,000 New
KW
35
KWB Wealth
California
$958K -$23.5K -1,582 -2%
Commonwealth Equity Services
36
Commonwealth Equity Services
Massachusetts
$910K -$103K -6,954 -10%
WTC
37
WhitTier Trust Company
Nevada
$805K +$151K +10,142 +23%
MA
38
Mutual Advisors
Nebraska
$804K +$25.7K +1,726 +3%
VCM
39
Vivaldi Capital Management
Illinois
$791K -$1.12K -75 -0.1%
JP Morgan Chase
40
JP Morgan Chase
New York
$722K – – –
GJIC
41
Gamble Jones Investment Counsel
California
$721K – – –
LWAC
42
Laurel Wealth Advisors (California)
California
$712K -$139K -9,342 -16%
Kayne Anderson Rudnick Investment Management
43
Kayne Anderson Rudnick Investment Management
California
$709K – – –
NAM
44
Newfleet Asset Management
Connecticut
$709K – – –
EHC
45
Everett Harris & Co
California
$684K – – –
MIAN
46
Mariner Independent Advisor Network
Kansas
$681K -$2.37K -159 -0.3%
SW
47
SteelPeak Wealth
California
$677K +$61.8K +4,156 +10%
CFG
48
Cooper Financial Group
California
$673K +$154K +10,334 +30%
HCM
49
Hollencrest Capital Management
California
$668K -$58K -3,901 -8%
EW
50
Evoke Wealth
California
$644K -$531K -35,680 -45%
1
2
3 4 5

NAC Hedge Fund Activity: Q1 2021 in Review

114 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2021, worth a combined $260M — up 0.31% from $259M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of NAC and 11 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 42 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $8.71M. The largest seller was GenTrust, exiting entirely with an estimated $5.09M sold.

  • 114 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2021, down from 116 in Q4 2020.
  • Funds reported $260M of Nuveen California Quality Municipal Income Fund stock for Q1 2021, up 0.31% quarter-over-quarter.
  • 11 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2021 and 12 closed out, a net change of -1 holder.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2021 was Rivernorth Capital Management, an estimated $8.71M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q1 2021 was GenTrust, an estimated $5.09M sold.

Based on aggregated 13F filings for Q1 2021.