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Nuveen California Quality Municipal Income Fund
NAC

79 hedge funds and large institutions have $133M invested in Nuveen California Quality Municipal Income Fund in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 24

2% more capital invested

Capital invested by funds: $130M → $133M (+$2.64M)

0.53% more ownership

Funds ownership: 6.23% → 6.76% (+0.53%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less funds holding

Funds holding: 81 → 79 (-2)

15% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 13

Holders
79
Holders Change
-2
Holders Change %
-2.47%
% of All Funds
1.81%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
27
Reduced
24
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$16.8M
2
RCM
Robinson Capital Management
Michigan
+$4.4M
3
JMPWA
JP Morgan Private Wealth Advisors
California
+$2.08M
4
WAM
Wolverine Asset Management
Illinois
+$1.21M
5
DADC
D.A. Davidson & Co
Montana
+$909K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$3.96M
2
Bank of America
Bank of America
North Carolina
-$3.62M
3
MIAN
Mariner Independent Advisor Network
Kansas
-$3.03M
4
LTFS
Ladenburg Thalmann Financial Services
Florida
-$1.4M
5
DA
Doliver Advisors
Texas
-$1.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCM
51
Coe Capital Management
Illinois
$217K – – –
AG
52
Advisor Group
Arizona
$214K -$239K -17,427 -52%
GKWIM
53
Gerber Kawasaki Wealth & Investment Management
California
$211K -$812K -59,165 -79%
CIBC Private Wealth Group
54
CIBC Private Wealth Group
Georgia
$201K -$302K -22,000 -59%
HCM
55
Hilton Capital Management
New York
$201K – – –
VIM
56
Vista Investment Management
Pennsylvania
$201K – – –
Stifel Financial
57
Stifel Financial
Missouri
$197K +$13.7K +1,000 +7%
DA
58
Doliver Advisors
Texas
$190K -$1.22M -88,778 -86%
First Trust Advisors
59
First Trust Advisors
Illinois
$187K +$28K +2,037 +17%
CRWM
60
Castle Rock Wealth Management
California
$168K -$27.2K -1,985 -14%
Northwestern Mutual Wealth Management
61
Northwestern Mutual Wealth Management
Wisconsin
$161K – – –
LCM
62
Leisure Capital Management
California
$157K – – –
Ameriprise
63
Ameriprise
Minnesota
$155K -$132K -9,583 -45%
TSS
64
Two Sigma Securities
New York
$151K +$155K +11,276 New
TCM
65
Telos Capital Management
California
$147K -$110K -7,996 -42%
PAM
66
Private Asset Management
California
$147K +$151K +11,000 New
RW
67
Rand Wealth
Maryland
$142K – – –
BEAM
68
Baker Ellis Asset Management
Washington
$134K – – –
PA
69
Parallel Advisors
California
$120K – – –
CF
70
Centaurus Financial
California
$114K +$117K +8,510 New
US Bancorp
71
US Bancorp
Minnesota
$92K +$38.2K +2,783 +68%
SEI Investments
72
SEI Investments
Pennsylvania
$50K +$50.8K +3,700 New
AF
73
Allworth Financial
California
$45K – – –
PWM
74
Perigon Wealth Management
California
$38K +$151 +11 +0.4%
MFW
75
Mosaic Family Wealth
Missouri
$28K – – –
1 2
3
4

NAC Hedge Fund Activity: Q1 2018 in Review

79 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2018, worth a combined $133M — up 2% from $130M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of NAC and 11 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 27 added.

The largest buyer was UBS Group, adding an estimated $16.8M. The largest seller was Laurion Capital Management, cutting an estimated $3.96M.

  • 79 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2018, down from 81 in Q4 2017.
  • Funds reported $133M of Nuveen California Quality Municipal Income Fund stock for Q1 2018, up 2% quarter-over-quarter.
  • 11 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2018 and 13 closed out, a net change of -2 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2018 was UBS Group, an estimated $16.8M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q1 2018 was Laurion Capital Management, an estimated $3.96M sold.

Based on aggregated 13F filings for Q1 2018.