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Nuveen California Quality Municipal Income Fund
NAC

117 hedge funds and large institutions have $249M invested in Nuveen California Quality Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 24 increasing their positions, 37 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

106% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 16

17% more capital invested

Capital invested by funds: $212M → $249M (+$36.5M)

13% more funds holding

Funds holding: 104 → 117 (+13)

2.2% more ownership

Funds ownership: 13.32% → 15.52% (+2.2%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

35% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 37

Holders
117
Holders Change
+13
Holders Change %
+12.5%
% of All Funds
1.88%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
33
Increased
24
Reduced
37
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$26M
2
KIM
Karpus Investment Management
New York
+$10.1M
3
Mariner
Mariner
Kansas
+$7.41M
4
LSC
Logan Stone Capital
Illinois
+$5.4M
5
WAM
Weiss Asset Management
Massachusetts
+$2.21M

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$4.27M
2
Morgan Stanley
Morgan Stanley
New York
-$3.78M
3
RCG
Regatta Capital Group
California
-$3.77M
4
PWSG
Pacific Wealth Strategies Group
California
-$2.06M
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$1.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
EW
26
Evoke Wealth
California
$1.52M +$94.6K +8,720 +7%
IP
27
Ignite Planners
California
$1.49M +$338K +31,156 +31%
DADC
28
D.A. Davidson & Co
Montana
$1.3M +$48.9K +4,514 +4%
AC
29
Almitas Capital
California
$1.24M +$1.22M +112,256 New
RJA
30
Raymond James & Associates
Florida
$1.24M -$78.4K -7,235 -6%
PCIA
31
Prime Capital Investment Advisors
Kansas
$1.22M +$1.2M +110,283 New
DWM
32
Dakota Wealth Management
Florida
$1.18M +$1.16M +106,525 New
MA
33
Mutual Advisors
Nebraska
$1.14M +$502K +46,339 +82%
LCM
34
Landscape Capital Management
New Jersey
$1.02M +$997K +91,958 New
FFA
35
First Foundation Advisors
California
$1.01M +$3.46K +319 +0.4%
VHAM
36
Van Hulzen Asset Management
California
$995K -$38.3K -3,536 -4%
AWS
37
Atria Wealth Solutions
New York
$827K -$191K -17,635 -19%
SIA
38
Sit Investment Associates
Minnesota
$784K +$546K +50,352 +246%
AA
39
Apriem Advisors
California
$754K -$22.5K -2,075 -3%
COLIM
40
City of London Investment Management
United Kingdom
$720K – – –
HCM
41
Hollencrest Capital Management
California
$655K +$281K +25,898 +78%
Cetera Investment Advisers
42
Cetera Investment Advisers
Illinois
$651K -$1.78K -164 -0.3%
RCM
43
RB Capital Management
Nevada
$621K -$249K -22,947 -29%
BCWM
44
Bartlett & Co Wealth Management
Ohio
$603K +$65.1K +6,000 +12%
BC
45
Bartlett & Co
Ohio
$603K +$65.1K +6,000 +12%
Ameriprise
46
Ameriprise
Minnesota
$584K +$9.21K +849 +2%
Commonwealth Equity Services
47
Commonwealth Equity Services
Massachusetts
$561K -$65.7K -6,060 -11%
OWP
48
Obermeyer Wealth Partners
Colorado
$560K – – –
GJIC
49
Gamble Jones Investment Counsel
California
$537K – – –
OIM
50
Oder Investment Management
California
$514K +$31.3K +2,891 +7%
1
2
3 4 5

NAC Hedge Fund Activity: Q4 2022 in Review

117 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2022, worth a combined $249M — up 17% from $212M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new NAC positions and 16 closed out — a net gain of 17 holders — while 24 added to existing stakes and 37 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $26M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $4.27M sold.

  • 117 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2022, up from 104 in Q3 2022.
  • Funds reported $249M of Nuveen California Quality Municipal Income Fund stock for Q4 2022, up 17% quarter-over-quarter.
  • 33 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2022 and 16 closed out, a net change of +17 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $26M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q4 2022 was Fiera Capital (Canada), an estimated $4.27M sold.

Based on aggregated 13F filings for Q4 2022.