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Nuveen California Quality Municipal Income Fund
NAC

81 hedge funds and large institutions have $130M invested in Nuveen California Quality Municipal Income Fund in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 9

13% more funds holding

Funds holding: 72 → 81 (+9)

6% more capital invested

Capital invested by funds: $123M → $130M (+$7.03M)

9% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 22

0.54% more ownership

Funds ownership: 5.69% → 6.23% (+0.54%)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
81
Holders Change
+9
Holders Change %
+12.5%
% of All Funds
1.84%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
18
Increased
24
Reduced
22
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$7.36M
2
MIAN
Mariner Independent Advisor Network
Kansas
+$3.48M
3
Morgan Stanley
Morgan Stanley
New York
+$2.47M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
+$1.49M
5
WAM
Wolverine Asset Management
Illinois
+$1.27M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$3.12M
2
AAM
Advisors Asset Management
Colorado
-$2.44M
3
Invesco
Invesco
Georgia
-$1.72M
4
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
-$1.14M
5
IA
IFP Advisors
Florida
-$904K
Name Holding Trade Value Shares
Change 		Change in
Stake
KJWM
51
Kiley Juergens Wealth Management
Washington
$265K +$271K +18,554 New
CCM
52
Coe Capital Management
Illinois
$232K – – –
TH
53
Timber Hill
Connecticut
$230K +$235K +16,100 New
MA
54
Mutual Advisors
Nebraska
$229K +$234K +15,998 New
HCM
55
Hilton Capital Management
New York
$215K – – –
VIM
56
Vista Investment Management
Pennsylvania
$215K +$219K +15,000 New
CAN
57
Cetera Advisor Networks
California
$213K +$29.9K +2,045 +16%
GLA
58
Good Life Advisors
Pennsylvania
$211K – – –
CRWM
59
Castle Rock Wealth Management
California
$208K +$212K +14,535 New
TWM
60
Titus Wealth Management
California
$201K +$205K +14,036 New
Stifel Financial
61
Stifel Financial
Missouri
$196K -$38.1K -2,607 -16%
MWM
62
Mission Wealth Management
California
$195K – – –
Cambridge Investment Research Advisors
63
Cambridge Investment Research Advisors
Iowa
$188K +$192K +13,163 New
SWP
64
Stratos Wealth Partners
Ohio
$178K -$212K -14,493 -54%
Northwestern Mutual Wealth Management
65
Northwestern Mutual Wealth Management
Wisconsin
$172K +$9.81K +671 +6%
First Trust Advisors
66
First Trust Advisors
Illinois
$171K +$3.29K +225 +2%
LCM
67
Leisure Capital Management
California
$167K – – –
TIM
68
Tortoise Investment Management
New York
$163K +$167K +11,400 New
NL
69
NWAM LLC
Washington
$160K -$39.7K -2,716 -20%
Cetera Investment Advisers
70
Cetera Investment Advisers
Illinois
$159K +$10K +685 +7%
RW
71
Rand Wealth
Maryland
$152K – – –
BEAM
72
Baker Ellis Asset Management
Washington
$143K – – –
PA
73
Parallel Advisors
California
$128K – – –
SNT
74
Security National Trust
West Virginia
$119K – – –
US Bancorp
75
US Bancorp
Minnesota
$59K – – –
1 2
3
4

NAC Hedge Fund Activity: Q4 2017 in Review

81 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2017, worth a combined $130M — up 5.7% from $123M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NAC positions and 9 closed out — a net gain of 9 holders — while 24 added to existing stakes and 22 trimmed.

The largest buyer was Laurion Capital Management, adding an estimated $7.36M. The largest seller was Guggenheim Capital, cutting an estimated $3.12M.

  • 81 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2017, up from 72 in Q3 2017.
  • Funds reported $130M of Nuveen California Quality Municipal Income Fund stock for Q4 2017, up 5.7% quarter-over-quarter.
  • 18 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2017 and 9 closed out, a net change of +9 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2017 was Laurion Capital Management, an estimated $7.36M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q4 2017 was Guggenheim Capital, an estimated $3.12M sold.

Based on aggregated 13F filings for Q4 2017.