We are live on ! Find out more
NAC icon

Nuveen California Quality Municipal Income Fund
NAC

66 hedge funds and large institutions have $129M invested in Nuveen California Quality Municipal Income Fund in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 20

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.94% less ownership

Funds ownership: 6.89% → 5.95% (-0.94%)

6% less funds holding

Funds holding: 70 → 66 (-4)

10% less capital invested

Capital invested by funds: $143M → $129M (-$14.2M)

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10

Holders
66
Holders Change
-4
Holders Change %
-5.71%
% of All Funds
1.65%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
7
Increased
22
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.78M
2
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$1.16M
3
DADC
D.A. Davidson & Co
Montana
+$951K
4
SWP
Stratos Wealth Partners
Ohio
+$331K
5
AWM
AE Wealth Management
Kansas
+$328K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$8.48M
2
LPL Financial
LPL Financial
California
-$6.22M
3
Invesco
Invesco
Georgia
-$2.43M
4
UBS Group
UBS Group
Switzerland
-$2.34M
5
Morgan Stanley
Morgan Stanley
New York
-$1.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
51
First Trust Advisors
Illinois
$192K +$31.4K +2,122 +20%
SEI Investments
52
SEI Investments
Pennsylvania
$182K +$179K +12,100 New
Northwestern Mutual Wealth Management
53
Northwestern Mutual Wealth Management
Wisconsin
$171K +$12.1K +820 +8%
CAN
54
Cetera Advisor Networks
California
$171K +$167K +11,274 New
RW
55
Rand Wealth
Maryland
$160K – – –
BEAM
56
Baker Ellis Asset Management
Washington
$150K – – –
PA
57
Parallel Advisors
California
$138K +$784 +53 +0.6%
SNT
58
Security National Trust
West Virginia
$125K – – –
Envestnet Asset Management
59
Envestnet Asset Management
Illinois
$105K +$103K +6,974 +43,588%
MA
60
MUFG Americas
New York
$89K -$31.3K -2,115 -26%
WTC
61
WhitTier Trust Company
Nevada
$32K – – –
MFW
62
Mosaic Family Wealth
Missouri
$31K – – –
US Bancorp
63
US Bancorp
Minnesota
$19K – – –
GAM
64
Gemmer Asset Management
California
$16K – – –
Northern Trust
65
Northern Trust
Illinois
$12K – – –
SFPIA
66
Stevens First Principles Investment Advisors
California
$12K – – –
Citigroup
67
Citigroup
New York
$7K – – –
LCM
68
Laurion Capital Management
New York
– -$8.48M -588,420 Closed
LCM
69
Landscape Capital Management
New Jersey
– -$537K -37,944 Closed
CWM
70
Concert Wealth Management
California
– -$504K -35,620 Closed
MIAN
71
Mariner Independent Advisor Network
Kansas
– -$307K -20,856 Closed
AA
72
AQR Arbitrage
Connecticut
– -$287K -19,944 Closed
JMPWA
73
JP Morgan Private Wealth Advisors
California
– -$255K -17,707 Closed
CM
74
Churchill Management
California
– -$154K -10,695 Closed
WAM
75
Wolverine Asset Management
Illinois
– -$121K -8,404 Closed
1 2
3
4

NAC Hedge Fund Activity: Q2 2017 in Review

66 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2017, worth a combined $129M — down 9.9% from $143M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NAC and 7 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 22 added.

The largest buyer was Bank of America, adding an estimated $1.78M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $8.48M sold.

  • 66 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2017, down from 70 in Q1 2017.
  • Funds reported $129M of Nuveen California Quality Municipal Income Fund stock for Q2 2017, down 9.9% quarter-over-quarter.
  • 7 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2017 and 10 closed out, a net change of -3 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2017 was Bank of America, an estimated $1.78M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2017 was Laurion Capital Management, an estimated $8.48M sold.

Based on aggregated 13F filings for Q2 2017.