Nuveen California Quality Municipal Income Fund
87 hedge funds and large institutions have $148M invested in Nuveen California Quality Municipal Income Fund in 2018 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 21 reducing their positions, and 7 closing their positions.
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
62% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 21
11% more capital invested
Capital invested by funds: $133M → $148M (+$15.2M)
10% more funds holding
Funds holding: 79 → 87 (+8)
0.78% more ownership
Funds ownership: 6.76% → 7.55% (+0.78%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.98M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.88M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$2.12M |
| 4 |
Morgan Stanley
New York
|
+$1.36M |
| 5 |
PWSG
Pacific Wealth Strategies Group
Santa Barbara,
California
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$4.44M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$875K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$494K |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$479K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$378K |
NAC Hedge Fund Activity: Q2 2018 in Review
87 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2018, worth a combined $148M — up 11% from $133M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NAC positions and 7 closed out — a net gain of 8 holders — while 34 added to existing stakes and 21 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $7.98M. The largest seller was Advisors Asset Management, cutting an estimated $4.44M.
- 87 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2018, up from 79 in Q1 2018.
- Funds reported $148M of Nuveen California Quality Municipal Income Fund stock for Q2 2018, up 11% quarter-over-quarter.
- 15 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2018 and 7 closed out, a net change of +8 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2018 was Rivernorth Capital Management, an estimated $7.98M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q2 2018 was Advisors Asset Management, an estimated $4.44M sold.
Based on aggregated 13F filings for Q2 2018.