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Nuveen California Quality Municipal Income Fund
NAC

124 hedge funds and large institutions have $287M invested in Nuveen California Quality Municipal Income Fund in 2024 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 50 increasing their positions, 31 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

61% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 31

50% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 12

3% more funds holding

Funds holding: 120 → 124 (+4)

2.36% less ownership

Funds ownership: 19.93% → 17.57% (-2.4%)

15% less capital invested

Capital invested by funds: $339M → $287M (-$51.9M)

Holders
124
Holders Change
+4
Holders Change %
+3.33%
% of All Funds
1.63%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
18
Increased
50
Reduced
31
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$4.62M
2
RCM
Robinson Capital Management
Michigan
+$2.36M
3
Bank of America
Bank of America
North Carolina
+$1.91M
4
GC
Guggenheim Capital
Illinois
+$1.44M
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$952K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$34M
2
WA
Whitebox Advisors
Minnesota
-$8.31M
3
KIM
Karpus Investment Management
New York
-$5.59M
4
RCM
Rivernorth Capital Management
Florida
-$4.43M
5
IAIM
International Assets Investment Management
Florida
-$3.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCG
26
Regatta Capital Group
California
$1.72M -$147K -12,675 -8%
DTC
27
Davidson Trust Company
Washington
$1.67M – – –
AF
28
Atala Financial
California
$1.62M +$1.66M +143,251 New
DWM
29
DKM Wealth Management
California
$1.61M +$1.65M +142,401 New
WS
30
Wedbush Securities
California
$1.58M +$241K +20,857 +17%
SEP
31
Southland Equity Partners
Missouri
$1.39M +$242K +20,900 +20%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$1.31M +$309K +26,741 +30%
WT
33
Whittier Trust
California
$1.27M -$72.1K -6,239 -5%
Ameriprise
34
Ameriprise
Minnesota
$1.27M +$312K +26,946 +32%
Corient Private Wealth
35
Corient Private Wealth
Florida
$1.07M +$233K +20,139 +27%
PCIA
36
Prime Capital Investment Advisors
Kansas
$894K +$201K +17,348 +28%
RC
37
Rareview Capital
Nevada
$872K +$1.42K +123 +0.2%
PWSG
38
Pacific Wealth Strategies Group
California
$855K +$29K +2,512 +3%
WA
39
Whitebox Advisors
Minnesota
$821K -$8.31M -719,024 -91%
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$802K +$194K +16,802 +31%
Cetera Investment Advisers
41
Cetera Investment Advisers
Illinois
$758K +$7.28K +630 +0.9%
Stifel Financial
42
Stifel Financial
Missouri
$738K +$317K +27,388 +72%
MA
43
Mutual Advisors
Nebraska
$674K +$9.02K +780 +1%
FFA
44
First Foundation Advisors
California
$647K – – –
Cerity Partners
45
Cerity Partners
New York
$615K +$23.1K +2,000 +4%
MWM
46
Melfa Wealth Management
Massachusetts
$605K +$75.1K +6,500 +14%
VHAM
47
Van Hulzen Asset Management
California
$575K -$107K -9,276 -15%
HCM
48
Hollencrest Capital Management
California
$572K -$93.8K -8,115 -14%
NAS
49
NWF Advisory Services
California
$569K +$582K +50,359 New
AWS
50
Atria Wealth Solutions
New York
$567K +$120K +10,367 +26%
1
2
3 4 5

NAC Hedge Fund Activity: Q4 2024 in Review

124 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2024, worth a combined $287M — down 15% from $339M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NAC positions and 12 closed out — a net gain of 6 holders — while 50 added to existing stakes and 31 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $4.62M. The largest seller was Saba Capital Management, exiting entirely with an estimated $34M sold.

  • 124 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2024, up from 120 in Q3 2024.
  • Funds reported $287M of Nuveen California Quality Municipal Income Fund stock for Q4 2024, down 15% quarter-over-quarter.
  • 18 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2024 and 12 closed out, a net change of +6 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2024 was Morgan Stanley, an estimated $4.62M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q4 2024 was Saba Capital Management, an estimated $34M sold.

Based on aggregated 13F filings for Q4 2024.