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Nuveen California Quality Municipal Income Fund
NAC

111 hedge funds and large institutions have $264M invested in Nuveen California Quality Municipal Income Fund in 2021 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 33 increasing their positions, 22 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 22

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

0.76% less ownership

Funds ownership: 12.4% → 11.64% (-0.76%)

3% less funds holding

Funds holding: 114 → 111 (-3)

7% less capital invested

Capital invested by funds: $284M → $264M (-$19.9M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
111
Holders Change
-3
Holders Change %
-2.63%
% of All Funds
1.94%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
10
Increased
33
Reduced
22
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.21M
2
UBS Group
UBS Group
Switzerland
+$827K
3
Wells Fargo
Wells Fargo
California
+$798K
4
GC
Guggenheim Capital
Illinois
+$666K
5
NL
NWAM LLC
Washington
+$616K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$8.68M
2
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
-$2.95M
3
WT
Whittier Trust
California
-$2.58M
4
FFA
First Foundation Advisors
California
-$2.15M
5
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$1.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
26
RB Capital Management
Nevada
$1.21M +$9.93K +624 +0.8%
AA
27
Apriem Advisors
California
$1.16M – – –
CFG
28
Cooper Financial Group
California
$1.06M +$110K +6,883 +11%
AIC
29
Ameritas Investment Company
Nebraska
$1.06M – – –
MA
30
Mutual Advisors
Nebraska
$1.05M +$99.6K +6,259 +10%
COLIM
31
City of London Investment Management
United Kingdom
$1.02M – – –
KW
32
KWB Wealth
California
$1.01M +$541 +34 +0.1%
MIAN
33
Mariner Independent Advisor Network
Kansas
$903K +$81.2K +5,101 +10%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$898K +$2K +126 +0.2%
HPWA
35
Hall Private Wealth Advisors
North Carolina
$889K -$223K -14,014 -20%
KCM
36
Kennicott Capital Management
California
$793K – – –
JP Morgan Chase
37
JP Morgan Chase
New York
$763K – – –
GJIC
38
Gamble Jones Investment Counsel
California
$762K – – –
Kayne Anderson Rudnick Investment Management
39
Kayne Anderson Rudnick Investment Management
California
$749K – – –
NAM
40
Newfleet Asset Management
Connecticut
$749K – – –
EHC
41
Everett Harris & Co
California
$722K – – –
SW
42
SteelPeak Wealth
California
$715K – – –
EW
43
Evoke Wealth
California
$711K +$32K +2,013 +5%
Baird Financial Group
44
Baird Financial Group
Wisconsin
$701K +$30.3K +1,906 +4%
Invesco
45
Invesco
Georgia
$679K -$237K -14,884 -26%
HCM
46
Hollencrest Capital Management
California
$656K – – –
TFO
47
Tarbox Family Office
California
$650K -$223K -14,000 -25%
LWAC
48
Laurel Wealth Advisors (California)
California
$617K -$138K -8,658 -18%
NL
49
NWAM LLC
Washington
$607K +$616K +38,684 New
BCWM
50
Bartlett & Co Wealth Management
Ohio
$606K -$23.9K -1,500 -4%
1
2
3 4 5

NAC Hedge Fund Activity: Q3 2021 in Review

111 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2021, worth a combined $264M — down 7% from $284M a quarter earlier.

Fund positioning in NAC was balanced in Q3 2021: 10 funds opened new positions, 10 closed out, 33 added to existing stakes and 22 trimmed.

The largest buyer was Hennion & Walsh Asset Management, adding an estimated $1.21M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.68M.

  • 111 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2021, down from 114 in Q2 2021.
  • Funds reported $264M of Nuveen California Quality Municipal Income Fund stock for Q3 2021, down 7% quarter-over-quarter.
  • 10 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2021 and 10 closed out, a net change of 0 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2021 was Hennion & Walsh Asset Management, an estimated $1.21M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q3 2021 was Rivernorth Capital Management, an estimated $8.68M sold.

Based on aggregated 13F filings for Q3 2021.