Nuveen California Quality Municipal Income Fund
57 hedge funds and large institutions have $78.9M invested in Nuveen California Quality Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 19 increasing their positions, 0 reducing their positions, and 3 closing their positions.
1,133% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 3
320% more capital invested
Capital invested by funds: $18.8M → $78.9M (+$60.1M)
148% more funds holding
Funds holding: 23 → 57 (+34)
0.49% less ownership
Funds ownership: 5.75% → 5.26% (-0.49%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$18.5M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$6.16M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$5.89M |
| 4 |
Morgan Stanley
New York
|
+$4.04M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.03M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$289K |
| 3 |
ECM
ETrade Capital Management
Arlington,
Virginia
|
-$10K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWA
51
B. Riley Wealth Advisors
Boca Raton,
Florida
| $29.1K | +$29.4K | +2,086 | New |
|
|
EMA
52
Efficient Market Advisors
San Diego,
California
| $29K | +$14.7K | +1,046 | +105% |
|
|
GAM
53
Gemmer Asset Management
Walnut Creek,
California
| $15K | +$14.7K | +1,047 | New |
|
|
AIG
54
American International Group
New York
| $11.2K | +$11.3K | +805 | New |
|
55
Ameriprise
Minneapolis,
Minnesota
| $11K | +$10.6K | +753 | New |
|
|
NES
56
New England Securities
New York
| $10K | +$10.2K | +726 | New |
|
|
WAM
57
Weiss Asset Management
Boston,
Massachusetts
| – | -$2.03M | -146,157 | Closed |
|
|
58
AQR Capital Management
Greenwich,
Connecticut
| – | -$289K | -20,842 | Closed |
|
|
ECM
59
ETrade Capital Management
Arlington,
Virginia
| – | -$10K | -722 | Closed |
|
|
TRCT
60
Tower Research Capital (TRC)
New York
| – | +$183 | +13 | New |
|
NAC Hedge Fund Activity: Q2 2014 in Review
57 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2014, worth a combined $78.9M — up 320% from $18.8M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new NAC positions and 3 closed out — a net gain of 34 holders — while 19 added to existing stakes and 0 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $18.5M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $2.03M sold.
- 57 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2014, up from 23 in Q1 2014.
- Funds reported $78.9M of Nuveen California Quality Municipal Income Fund stock for Q2 2014, up 320% quarter-over-quarter.
- 37 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2014 and 3 closed out, a net change of +34 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2014 was Guggenheim Capital, an estimated $18.5M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q2 2014 was Weiss Asset Management, an estimated $2.03M sold.
Based on aggregated 13F filings for Q2 2014.