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Nuveen California Quality Municipal Income Fund
NAC

72 hedge funds and large institutions have $123M invested in Nuveen California Quality Municipal Income Fund in 2017 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

9% more funds holding

Funds holding: 66 → 72 (+6)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.26% less ownership

Funds ownership: 5.95% → 5.69% (-0.26%)

5% less capital invested

Capital invested by funds: $129M → $123M (-$6.01M)

13% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 23

Holders
72
Holders Change
+6
Holders Change %
+9.09%
% of All Funds
1.8%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
11
Increased
20
Reduced
23
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
VHAM
Van Hulzen Asset Management
California
+$2.8M
2
Morgan Stanley
Morgan Stanley
New York
+$1.55M
3
Bank of America
Bank of America
North Carolina
+$1.3M
4
SG Americas Securities
SG Americas Securities
New York
+$1.03M
5
Millennium Management
Millennium Management
New York
+$548K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$8.99M
2
Invesco
Invesco
Georgia
-$1.96M
3
LPL Financial
LPL Financial
California
-$907K
4
GC
Guggenheim Capital
Illinois
-$830K
5
Northern Trust
Northern Trust
Illinois
-$667K
Name Holding Trade Value Shares
Change 		Change in
Stake
GLA
51
Good Life Advisors
Pennsylvania
$219K – – –
NL
52
NWAM LLC
Washington
$207K – – –
MWM
53
Mission Wealth Management
California
$203K – – –
CAN
54
Cetera Advisor Networks
California
$192K +$24.9K +1,630 +14%
TSS
55
Two Sigma Securities
New York
$190K +$194K +12,731 New
LCM
56
Laurion Capital Management
New York
$190K +$195K +12,762 New
First Trust Advisors
57
First Trust Advisors
Illinois
$175K -$16.1K -1,055 -8%
LCM
58
Leisure Capital Management
California
$173K – – –
Northwestern Mutual Wealth Management
59
Northwestern Mutual Wealth Management
Wisconsin
$170K – – –
RW
60
Rand Wealth
Maryland
$158K – – –
Cetera Investment Advisers
61
Cetera Investment Advisers
Illinois
$155K +$159K +10,401 New
BEAM
62
Baker Ellis Asset Management
Washington
$149K – – –
PA
63
Parallel Advisors
California
$132K – – –
SNT
64
Security National Trust
West Virginia
$124K – – –
US Bancorp
65
US Bancorp
Minnesota
$61K +$43.4K +2,847 +225%
TCOV
66
Trust Company of Vermont
Vermont
$56K +$56.8K +3,729 New
PWM
67
Perigon Wealth Management
California
$42K +$42.8K +2,807 New
WTC
68
WhitTier Trust Company
Nevada
$32K – – –
MFW
69
Mosaic Family Wealth
Missouri
$31K – – –
GAM
70
Gemmer Asset Management
California
$16K – – –
SFPIA
71
Stevens First Principles Investment Advisors
California
$12K – – –
AF
72
Allworth Financial
California
$8K – – –
Northern Trust
73
Northern Trust
Illinois
$5K -$667K -43,723 -55%
BCM
74
Blume Capital Management
California
$4K +$4.57K +300 New
Citigroup
75
Citigroup
New York
$1K -$5.81K -381 -84%
1 2
3
4

NAC Hedge Fund Activity: Q3 2017 in Review

72 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2017, worth a combined $123M — down 4.7% from $129M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NAC positions and 5 closed out — a net gain of 6 holders — while 20 added to existing stakes and 23 trimmed.

The largest buyer was Van Hulzen Asset Management, opening a new position worth an estimated $2.8M. The largest seller was UBS Group, cutting an estimated $8.99M.

  • 72 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2017, up from 66 in Q2 2017.
  • Funds reported $123M of Nuveen California Quality Municipal Income Fund stock for Q3 2017, down 4.7% quarter-over-quarter.
  • 11 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2017 and 5 closed out, a net change of +6 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2017 was Van Hulzen Asset Management, an estimated $2.8M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q3 2017 was UBS Group, an estimated $8.99M sold.

Based on aggregated 13F filings for Q3 2017.