Nuveen California Quality Municipal Income Fund
52 hedge funds and large institutions have $81.9M invested in Nuveen California Quality Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 7 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
0.24% less ownership
Funds ownership: 4.98% → 4.74% (-0.24%)
1% less capital invested
Capital invested by funds: $82.8M → $81.9M (-$819K)
7% less funds holding
Funds holding: 56 → 52 (-4)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
+$2.51M |
| 2 |
Morgan Stanley
New York
|
+$821K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$796K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$650K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$508K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$4.07M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$1.42M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.39M |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$713K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$711K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
51
American International Group
New York
| $9K | – | – | – |
|
52
Citigroup
New York
| $6K | – | – | – |
|
|
LCM
53
Laurion Capital Management
New York
| – | -$4.07M | -262,912 | Closed |
|
|
CS
54
Credit Suisse
Zurich,
Switzerland
| – | -$596K | -38,500 | Closed |
|
|
CRC
55
Curi RMB Capital
Chicago,
Illinois
| – | -$504K | -32,573 | Closed |
|
56
SG Americas Securities
New York
| – | -$233K | -15,066 | Closed |
|
|
NPC
57
National Planning Corporation
El Segundo,
California
| – | -$183K | -11,473 | Closed |
|
|
EMA
58
Efficient Market Advisors
San Diego,
California
| – | -$32K | -2,046 | Closed |
|
|
ADL
59
Asset Dedication LLC
San Francisco,
California
| – | -$3K | -174 | Closed |
|
NAC Hedge Fund Activity: Q1 2016 in Review
52 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2016, worth a combined $81.9M — down 0.99% from $82.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NAC and 4 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 16 added.
The largest buyer was Van Hulzen Asset Management, opening a new position worth an estimated $2.51M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $4.07M sold.
- 52 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2016, down from 56 in Q4 2015.
- Funds reported $81.9M of Nuveen California Quality Municipal Income Fund stock for Q1 2016, down 0.99% quarter-over-quarter.
- 4 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2016 and 7 closed out, a net change of -3 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2016 was Van Hulzen Asset Management, an estimated $2.51M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q1 2016 was Laurion Capital Management, an estimated $4.07M sold.
Based on aggregated 13F filings for Q1 2016.