Nuveen California Quality Municipal Income Fund
55 hedge funds and large institutions have $76.2M invested in Nuveen California Quality Municipal Income Fund in 2014 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 8 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
0% more funds holding
Funds holding: 55 → 55 (0)
0.4% less ownership
Funds ownership: 5.12% → 4.72% (-0.4%)
3% less capital invested
Capital invested by funds: $78.3M → $76.2M (-$2.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
+$800K |
| 2 |
Morgan Stanley
New York
|
+$757K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$690K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$413K |
| 5 |
LPL Financial
San Diego,
California
|
+$323K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$5.68M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.68M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$984K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$938K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$775K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NES
51
New England Securities
New York
| $21K | +$10K | +680 | +94% |
|
|
GAM
52
Gemmer Asset Management
Walnut Creek,
California
| $16K | – | – | – |
|
|
AIG
53
American International Group
New York
| $8.29K | -$1.87K | -127 | -19% |
|
|
BRWA
54
B. Riley Wealth Advisors
Boca Raton,
Florida
| $52 | +$51.3K | +3,486 | New |
|
|
SIA
55
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$1.68M | -117,889 | Closed |
|
|
RCM
56
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$775K | -54,400 | Closed |
|
57
AQR Capital Management
Greenwich,
Connecticut
| – | -$469K | -32,935 | Closed |
|
|
OC
58
Oppenheimer & Co
New York
| – | -$332K | -23,280 | Closed |
|
|
VKH
59
Virtu KCG Holdings
New York
| – | -$325K | -22,802 | Closed |
|
|
DA
60
Doliver Advisors
Houston,
Texas
| – | -$208K | -14,615 | Closed |
|
|
WA
61
WFG Advisors
Dallas,
Texas
| – | -$34.3K | -2,331 | -99% |
|
62
Ameriprise
Minneapolis,
Minnesota
| – | -$11K | -753 | Closed |
|
|
SFSIG
63
San Francisco Sentry Investment Group
San Francisco,
California
| – | -$10K | -680 | Closed |
|
NAC Hedge Fund Activity: Q4 2014 in Review
55 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2014, worth a combined $76.2M — down 2.7% from $78.3M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NAC positions and 8 closed out — a net gain of 1 holder — while 16 added to existing stakes and 13 trimmed.
The largest buyer was SG Americas Securities, opening a new position worth an estimated $800K. The largest seller was Guggenheim Capital, cutting an estimated $5.68M.
- 55 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2014, unchanged from Q3 2014.
- Funds reported $76.2M of Nuveen California Quality Municipal Income Fund stock for Q4 2014, down 2.7% quarter-over-quarter.
- 9 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2014 and 8 closed out, a net change of +1 holder.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2014 was SG Americas Securities, an estimated $800K added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q4 2014 was Guggenheim Capital, an estimated $5.68M sold.
Based on aggregated 13F filings for Q4 2014.