We are live on ! Find out more
NAC icon

Nuveen California Quality Municipal Income Fund
NAC

119 hedge funds and large institutions have $420M invested in Nuveen California Quality Municipal Income Fund in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 44 increasing their positions, 32 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 32

1% less capital invested

Capital invested by funds: $426M → $420M (-$5.79M)

1.54% less ownership

Funds ownership: 26.73% → 25.2% (-1.5%)

6% less funds holding

Funds holding: 127 → 119 (-8)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

43% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 14

Holders
119
Holders Change
-8
Holders Change %
-6.3%
% of All Funds
1.72%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
8
Increased
44
Reduced
32
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$18.6M
2
WA
Whitebox Advisors
Minnesota
+$8.26M
3
UBS Group
UBS Group
Switzerland
+$1.86M
4
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$1.5M
5
GC
Guggenheim Capital
Illinois
+$1.16M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$12M
2
LSC
Logan Stone Capital
Illinois
-$10.7M
3
KIM
Karpus Investment Management
New York
-$10.5M
4
RCM
Rivernorth Capital Management
Florida
-$9.68M
5
AA
AQR Arbitrage
Connecticut
-$3.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
26
Sit Investment Associates
Minnesota
$2.41M +$276K +25,000 +14%
FPCP
27
Fort Point Capital Partners
California
$2.26M +$422K +38,184 +24%
PI
28
PFG Investments
New York
$2.25M -$42.2K -3,816 -2%
OIA
29
OneDigital Investment Advisors
Kansas
$2.23M +$29.8K +2,694 +1%
DTC
30
Davidson Trust Company
Washington
$1.71M – – –
WS
31
Wedbush Securities
California
$1.33M -$93K -8,422 -7%
RJA
32
Raymond James & Associates
Florida
$1.29M +$242K +21,921 +24%
NMC
33
Nine Masts Capital
Hong Kong
$1.26M -$768K -69,502 -39%
WT
34
Whittier Trust
California
$1.19M +$165K +14,900 +17%
SEP
35
Southland Equity Partners
Missouri
$1.05M – – –
Ameriprise
36
Ameriprise
Minnesota
$873K +$51.8K +4,689 +7%
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
$870K +$30.1K +2,722 +4%
RC
38
Rareview Capital
Nevada
$844K +$409 +37 +0.1%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$830K -$11K -1,000 -1%
Cetera Investment Advisers
40
Cetera Investment Advisers
Illinois
$766K -$106K -9,587 -13%
PWSG
41
Pacific Wealth Strategies Group
California
$732K +$125K +11,294 +22%
PCIA
42
Prime Capital Investment Advisors
Kansas
$713K -$32.8K -2,972 -5%
VHAM
43
Van Hulzen Asset Management
California
$702K -$4.42K -400 -0.7%
Osaic Holdings
44
Osaic Holdings
Arizona
$678K -$1.98M -179,440 -75%
SA
45
Sanctuary Advisors
Indiana
$660K +$679K +61,490 New
MA
46
Mutual Advisors
Nebraska
$641K +$3.09K +280 +0.5%
FFA
47
First Foundation Advisors
California
$611K – – –
HCM
48
Hollencrest Capital Management
California
$605K -$15.7K -1,420 -3%
Cerity Partners
49
Cerity Partners
New York
$605K – – –
MWM
50
Melfa Wealth Management
Massachusetts
$543K -$71.6K -6,481 -12%
1
2
3 4 5

NAC Hedge Fund Activity: Q2 2024 in Review

119 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2024, worth a combined $420M — down 1.4% from $426M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of NAC and 8 opened new positions — a net loss of 6 holders — while 32 trimmed existing stakes and 44 added.

The largest buyer was Mackay Shields LLC, adding an estimated $18.6M. The largest seller was Saba Capital Management, cutting an estimated $12M.

  • 119 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2024, down from 127 in Q1 2024.
  • Funds reported $420M of Nuveen California Quality Municipal Income Fund stock for Q2 2024, down 1.4% quarter-over-quarter.
  • 8 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2024 and 14 closed out, a net change of -6 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2024 was Mackay Shields LLC, an estimated $18.6M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2024 was Saba Capital Management, an estimated $12M sold.

Based on aggregated 13F filings for Q2 2024.