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Nuveen California Quality Municipal Income Fund
NAC

87 hedge funds and large institutions have $164M invested in Nuveen California Quality Municipal Income Fund in 2019 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

17% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 23

4% more funds holding

Funds holding: 84 → 87 (+3)

0.53% less ownership

Funds ownership: 8.89% → 8.36% (-0.53%)

8% less capital invested

Capital invested by funds: $179M → $164M (-$14.9M)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
87
Holders Change
+3
Holders Change %
+3.57%
% of All Funds
1.89%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
13
Increased
27
Reduced
23
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.68M
2
WT
Whittier Trust
California
+$1.3M
3
Wells Fargo
Wells Fargo
California
+$1.07M
4
UBS Group
UBS Group
Switzerland
+$795K
5
GJIC
Gamble Jones Investment Counsel
California
+$705K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$8.47M
2
RCM
Robinson Capital Management
Michigan
-$6.57M
3
SIA
Sit Investment Associates
Minnesota
-$1.65M
4
AIC
Ameritas Investment Company
Nebraska
-$825K
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$524K
Name Holding Trade Value Shares
Change 		Change in
Stake
ECM
51
Evergreen Capital Management
Washington
$331K +$321K +22,833 New
Mercer Global Advisors
52
Mercer Global Advisors
Colorado
$309K +$47.2K +3,354 +19%
WAP
53
Wealthcare Advisory Partners
Pennsylvania
$306K +$297K +21,134 New
KJWM
54
Kiley Juergens Wealth Management
Washington
$268K – – –
DAS
55
Dynamic Advisor Solutions
Arizona
$265K +$14.2K +1,007 +6%
US Bancorp
56
US Bancorp
Minnesota
$257K -$8.44K -600 -3%
WIA
57
World Investment Advisors
California
$222K – – –
AL
58
Aspiriant LLC
California
$221K – – –
TCM
59
Telos Capital Management
California
$220K – – –
Cambridge Investment Research Advisors
60
Cambridge Investment Research Advisors
Iowa
$219K -$131K -9,279 -38%
First Trust Advisors
61
First Trust Advisors
Illinois
$206K +$1.18K +84 +0.6%
SC
62
Schoolcraft Capital
Colorado
$188K +$183K +13,000 New
WCG
63
Weaver Consulting Group
California
$183K – – –
VIM
64
Vista Investment Management
Pennsylvania
$178K – – –
NL
65
NWAM LLC
Washington
$174K – – –
LCM
66
Leisure Capital Management
California
$169K – – –
Baird Financial Group
67
Baird Financial Group
Wisconsin
$163K +$158K +11,239 New
GSWM
68
Golden State Wealth Management
California
$162K – – –
TIM
69
Tortoise Investment Management
New York
$159K – – –
RTC
70
Riverview Trust Company
Washington
$154K – – –
IGGA
71
Iron Gate Global Advisors
Utah
$151K +$147K +10,422 New
Northwestern Mutual Wealth Management
72
Northwestern Mutual Wealth Management
Wisconsin
$141K +$71.3K +5,069 +108%
SMFS
73
Squar Milner Financial Services
California
$131K – – –
PA
74
Parallel Advisors
California
$129K -$745 -53 -0.6%
Citigroup
75
Citigroup
New York
$122K – – –
1 2
3
4

NAC Hedge Fund Activity: Q2 2019 in Review

87 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2019, worth a combined $164M — down 8.3% from $179M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new NAC positions and 9 closed out — a net gain of 4 holders — while 27 added to existing stakes and 23 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.68M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.47M.

  • 87 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2019, up from 84 in Q1 2019.
  • Funds reported $164M of Nuveen California Quality Municipal Income Fund stock for Q2 2019, down 8.3% quarter-over-quarter.
  • 13 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2019 and 9 closed out, a net change of +4 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2019 was Morgan Stanley, an estimated $1.68M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2019 was Rivernorth Capital Management, an estimated $8.47M sold.

Based on aggregated 13F filings for Q2 2019.