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Nuveen California Quality Municipal Income Fund
NAC

120 hedge funds and large institutions have $339M invested in Nuveen California Quality Municipal Income Fund in 2024 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 56 increasing their positions, 21 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 21

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

1% more funds holding

Funds holding: 119 → 120 (+1)

5.27% less ownership

Funds ownership: 25.2% → 19.93% (-5.3%)

19% less capital invested

Capital invested by funds: $420M → $339M (-$81.4M)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
120
Holders Change
+1
Holders Change %
+0.84%
% of All Funds
1.72%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
12
Increased
56
Reduced
21
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.71M
2
IAIM
International Assets Investment Management
Florida
+$3.52M
3
GC
Guggenheim Capital
Illinois
+$2.71M
4
UBS Group
UBS Group
Switzerland
+$2.5M
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$2.01M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$57.1M
2
KIM
Karpus Investment Management
New York
-$24.2M
3
RCM
Rivernorth Capital Management
Florida
-$9.52M
4
PCM
Penserra Capital Management
California
-$8.74M
5
LSC
Logan Stone Capital
Illinois
-$6.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCG
26
Regatta Capital Group
California
$1.97M -$530K -45,222 -21%
DTC
27
Davidson Trust Company
Washington
$1.76M – – –
SA
28
Sanctuary Advisors
Indiana
$1.67M +$990K +84,452 +137%
WS
29
Wedbush Securities
California
$1.42M +$49.2K +4,200 +4%
WT
30
Whittier Trust
California
$1.41M +$181K +15,440 +15%
RJA
31
Raymond James & Associates
Florida
$1.39M +$57.5K +4,903 +4%
LSC
32
Logan Stone Capital
Illinois
$1.32M -$6.79M -579,711 -84%
SEP
33
Southland Equity Partners
Missouri
$1.21M +$131K +11,200 +12%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$1.06M +$199K +16,968 +24%
Ameriprise
35
Ameriprise
Minnesota
$1.01M +$100K +8,565 +11%
Corient Private Wealth
36
Corient Private Wealth
Florida
$888K +$712K +60,757 +437%
PWSG
37
Pacific Wealth Strategies Group
California
$871K +$114K +9,745 +15%
RC
38
Rareview Capital
Nevada
$870K – – –
MG
39
Marex Group
$857K +$317K +27,049 +60%
Cetera Investment Advisers
40
Cetera Investment Advisers
Illinois
$791K +$363 +31 +0%
PCIA
41
Prime Capital Investment Advisors
Kansas
$735K +$445 +38 +0.1%
VHAM
42
Van Hulzen Asset Management
California
$716K -$8.17K -697 -1%
HCM
43
Hollencrest Capital Management
California
$699K +$74K +6,310 +12%
MA
44
Mutual Advisors
Nebraska
$684K +$47.5K +4,051 +7%
FFA
45
First Foundation Advisors
California
$681K +$50.3K +4,291 +8%
Commonwealth Equity Services
46
Commonwealth Equity Services
Massachusetts
$645K -$249K -21,240 -28%
Walleye Capital
47
Walleye Capital
New York
$634K +$625K +53,357 New
Cerity Partners
48
Cerity Partners
New York
$624K – – –
Millennium Management
49
Millennium Management
New York
$609K +$600K +51,229 New
OIM
50
Oder Investment Management
California
$606K +$52.6K +4,491 +10%
1
2
3 4 5

NAC Hedge Fund Activity: Q3 2024 in Review

120 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2024, worth a combined $339M — down 19% from $420M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new NAC positions and 11 closed out — a net gain of 1 holder — while 56 added to existing stakes and 21 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.71M. The largest seller was Saba Capital Management, cutting an estimated $57.1M.

  • 120 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2024, up from 119 in Q2 2024.
  • Funds reported $339M of Nuveen California Quality Municipal Income Fund stock for Q3 2024, down 19% quarter-over-quarter.
  • 12 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2024 and 11 closed out, a net change of +1 holder.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2024 was Morgan Stanley, an estimated $3.71M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q3 2024 was Saba Capital Management, an estimated $57.1M sold.

Based on aggregated 13F filings for Q3 2024.