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Nuveen California Quality Municipal Income Fund
NAC

117 hedge funds and large institutions have $298M invested in Nuveen California Quality Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 27 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 27

20% more capital invested

Capital invested by funds: $249M → $298M (+$49.7M)

11% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 18

3.24% more ownership

Funds ownership: 15.52% → 18.76% (+3.2%)

0% more funds holding

Funds holding: 117 → 117 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
117
Holders Change
–
Holders Change %
0%
% of All Funds
1.86%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
20
Increased
40
Reduced
27
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$25M
2
KIM
Karpus Investment Management
New York
+$24.7M
3
PCM
Penserra Capital Management
California
+$8.42M
4
RCM
Rivernorth Capital Management
Florida
+$4.67M
5
LSC
Logan Stone Capital
Illinois
+$2.65M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$8.69M
2
UBS Group
UBS Group
Switzerland
-$5.49M
3
WAM
Weiss Asset Management
Massachusetts
-$2.26M
4
PCIA
Prime Capital Investment Advisors
Kansas
-$1.22M
5
AC
Almitas Capital
California
-$1.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
26
Dakota Wealth Management
Florida
$1.61M +$440K +39,600 +37%
OIA
27
OneDigital Investment Advisors
Kansas
$1.57M -$294K -26,456 -16%
EW
28
Evoke Wealth
California
$1.57M +$44.6K +4,013 +3%
IP
29
Ignite Planners
California
$1.43M +$1.46K +131 +0.1%
RJA
30
Raymond James & Associates
Florida
$1.25M +$18.5K +1,668 +1%
MA
31
Mutual Advisors
Nebraska
$1.12M -$17K -1,530 -1%
DADC
32
D.A. Davidson & Co
Montana
$1M -$296K -26,611 -23%
VHAM
33
Van Hulzen Asset Management
California
$944K -$46.5K -4,187 -5%
Cerity Partners
34
Cerity Partners
New York
$901K +$910K +81,857 New
SIA
35
Sit Investment Associates
Minnesota
$890K +$111K +10,000 +14%
LCM
36
Landscape Capital Management
New Jersey
$834K -$180K -16,176 -18%
AA
37
Apriem Advisors
California
$734K -$16.1K -1,450 -2%
Cetera Investment Advisers
38
Cetera Investment Advisers
Illinois
$724K +$77.1K +6,940 +12%
COLIM
39
City of London Investment Management
United Kingdom
$715K – – –
SEP
40
Southland Equity Partners
Missouri
$701K +$427K +38,400 +152%
HCM
41
Hollencrest Capital Management
California
$651K – – –
BC
42
Bartlett & Co
Ohio
$614K +$11.7K +1,050 +2%
BCWM
43
Bartlett & Co Wealth Management
Ohio
$614K +$11.7K +1,050 +2%
WAM
44
Wolverine Asset Management
Illinois
$611K +$360K +32,398 +141%
FFA
45
First Foundation Advisors
California
$604K -$402K -36,184 -40%
RCM
46
RB Capital Management
Nevada
$589K -$28.4K -2,559 -5%
Ameriprise
47
Ameriprise
Minnesota
$573K -$8K -720 -1%
OIM
48
Oder Investment Management
California
$559K +$48.1K +4,323 +9%
OWP
49
Obermeyer Wealth Partners
Colorado
$557K – – –
TIM
50
Tortoise Investment Management
New York
$534K +$387K +34,856 +256%
1
2
3 4 5

NAC Hedge Fund Activity: Q1 2023 in Review

117 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2023, worth a combined $298M — up 20% from $249M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new NAC positions and 18 closed out — a net gain of 2 holders — while 40 added to existing stakes and 27 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $25M. The largest seller was Guggenheim Capital, cutting an estimated $8.69M.

  • 117 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $298M of Nuveen California Quality Municipal Income Fund stock for Q1 2023, up 20% quarter-over-quarter.
  • 20 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2023 and 18 closed out, a net change of +2 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2023 was Saba Capital Management, an estimated $25M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q1 2023 was Guggenheim Capital, an estimated $8.69M sold.

Based on aggregated 13F filings for Q1 2023.