Nuveen California Quality Municipal Income Fund
127 hedge funds and large institutions have $426M invested in Nuveen California Quality Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 43 increasing their positions, 38 reducing their positions, and 14 closing their positions.
57% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 14
13% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 38
4% more funds holding
Funds holding: 122 → 127 (+5)
5% less capital invested
Capital invested by funds: $448M → $426M (-$22.1M)
1.2% less ownership
Funds ownership: 27.93% → 26.73% (-1.2%)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.81M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$4.87M |
| 3 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$4.1M |
| 4 |
PI
PFG Investments
Woodbury,
New York
|
+$2.19M |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$24.2M |
| 2 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$15.5M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.67M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.21M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$767K |
NAC Hedge Fund Activity: Q1 2024 in Review
127 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2024, worth a combined $426M — down 4.9% from $448M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new NAC positions and 14 closed out — a net gain of 8 holders — while 43 added to existing stakes and 38 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $5.81M. The largest seller was Morgan Stanley, cutting an estimated $24.2M.
- 127 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2024, up from 122 in Q4 2023.
- Funds reported $426M of Nuveen California Quality Municipal Income Fund stock for Q1 2024, down 4.9% quarter-over-quarter.
- 22 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2024 and 14 closed out, a net change of +8 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2024 was Saba Capital Management, an estimated $5.81M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $24.2M sold.
Based on aggregated 13F filings for Q1 2024.