Nuveen California Quality Municipal Income Fund
55 hedge funds and large institutions have $78.3M invested in Nuveen California Quality Municipal Income Fund in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 8 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
0.15% less ownership
Funds ownership: 5.26% → 5.12% (-0.15%)
1% less capital invested
Capital invested by funds: $78.9M → $78.3M (-$601K)
4% less funds holding
Funds holding: 57 → 55 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$3.61M |
| 2 |
WT
Whittier Trust
South Pasadena,
California
|
+$1.52M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$584K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$544K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$462K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.54M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$2.27M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.31M |
| 4 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
-$1.11M |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$910K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GAM
51
Gemmer Asset Management
Walnut Creek,
California
| $15K | – | – | – |
|
52
Ameriprise
Minneapolis,
Minnesota
| $11K | – | – | – |
|
|
NES
53
New England Securities
New York
| $10K | – | – | – |
|
|
SFSIG
54
San Francisco Sentry Investment Group
San Francisco,
California
| $10K | +$9.55K | +680 | New |
|
|
AIG
55
American International Group
New York
| $9.66K | -$1.78K | -127 | -16% |
|
|
TC
56
TFS Capital
West Chester,
Pennsylvania
| – | -$1.31M | -94,043 | Closed |
|
|
VHAM
57
Van Hulzen Asset Management
El Dorado Hills,
California
| – | -$1.11M | -79,750 | Closed |
|
|
NCM
58
Newgate Capital Management
Greenwich,
Connecticut
| – | -$910K | -65,136 | Closed |
|
|
IA
59
Icon Advisers
Greenwood Village,
Colorado
| – | -$804K | -57,521 | Closed |
|
|
WAM
60
Wolverine Asset Management
Chicago,
Illinois
| – | -$294K | -21,095 | Closed |
|
|
TCM
61
Telos Capital Management
San Diego,
California
| – | -$143K | -10,271 | Closed |
|
|
BRWA
62
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$29.1K | -2,086 | Closed |
|
NAC Hedge Fund Activity: Q3 2014 in Review
55 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2014, worth a combined $78.3M — down 0.76% from $78.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NAC and 6 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 18 added.
The largest buyer was UBS, adding an estimated $3.61M. The largest seller was Guggenheim Capital, cutting an estimated $2.54M.
- 55 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2014, down from 57 in Q2 2014.
- Funds reported $78.3M of Nuveen California Quality Municipal Income Fund stock for Q3 2014, down 0.76% quarter-over-quarter.
- 6 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2014 and 8 closed out, a net change of -2 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2014 was UBS, an estimated $3.61M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q3 2014 was Guggenheim Capital, an estimated $2.54M sold.
Based on aggregated 13F filings for Q3 2014.