Nuveen California Quality Municipal Income Fund
47 hedge funds and large institutions have $69.7M invested in Nuveen California Quality Municipal Income Fund in 2015 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 16 reducing their positions, and 10 closing their positions.
0.24% less ownership
Funds ownership: 4.75% → 4.51% (-0.24%)
10% less capital invested
Capital invested by funds: $77.5M → $69.7M (-$7.76M)
13% less funds holding
Funds holding: 54 → 47 (-7)
19% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 16
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.82M |
| 2 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
+$2.19M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$899K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$495K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$342K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.1M |
| 2 |
Goldman Sachs
New York
|
-$1.95M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.67M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.24M |
| 5 |
MSL
Mackay Shields LLC
New York
|
-$1.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
First Trust Advisors
Wheaton,
Illinois
| – | -$720K | -47,079 | Closed |
|
52
Northern Trust
Chicago,
Illinois
| – | -$3K | -18,623 | Closed |
|
|
RJFSA
53
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$252K | -16,458 | Closed |
|
|
JMPWA
54
JP Morgan Private Wealth Advisors
San Francisco,
California
| – | -$179K | -11,733 | Closed |
|
|
EWA
55
EP Wealth Advisors
Torrance,
California
| – | -$163K | -10,693 | Closed |
|
56
US Bancorp
Minneapolis,
Minnesota
| – | -$39K | -2,520 | Closed |
|
|
GWM
57
Gupta Wealth Management
San Diego,
California
| – | -$31K | -2,000 | Closed |
|
NAC Hedge Fund Activity: Q2 2015 in Review
47 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2015, worth a combined $69.7M — down 10% from $77.5M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NAC and 4 opened new positions — a net loss of 6 holders — while 16 trimmed existing stakes and 13 added.
The largest buyer was Morgan Stanley, adding an estimated $2.82M. The largest seller was Guggenheim Capital, cutting an estimated $2.1M.
- 47 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2015, down from 54 in Q1 2015.
- Funds reported $69.7M of Nuveen California Quality Municipal Income Fund stock for Q2 2015, down 10% quarter-over-quarter.
- 4 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2015 and 10 closed out, a net change of -6 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2015 was Morgan Stanley, an estimated $2.82M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q2 2015 was Guggenheim Capital, an estimated $2.1M sold.
Based on aggregated 13F filings for Q2 2015.