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Nuveen California Quality Municipal Income Fund
NAC

94 hedge funds and large institutions have $187M invested in Nuveen California Quality Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 8

48% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 21

14% more capital invested

Capital invested by funds: $164M → $187M (+$22.4M)

8% more funds holding

Funds holding: 87 → 94 (+7)

0.88% more ownership

Funds ownership: 8.36% → 9.23% (+0.88%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
94
Holders Change
+7
Holders Change %
+8.05%
% of All Funds
2.06%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
16
Increased
31
Reduced
21
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$14.6M
2
RCM
Rivernorth Capital Management
Florida
+$2.69M
3
RCM
Robinson Capital Management
Michigan
+$2.27M
4
Wells Fargo
Wells Fargo
California
+$1.61M
5
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$1.58M

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$7.46M
2
SIA
Sit Investment Associates
Minnesota
-$1.75M
3
AA
Apriem Advisors
California
-$576K
4
PWSG
Pacific Wealth Strategies Group
California
-$396K
5
Cohen & Steers
Cohen & Steers
New York
-$369K
Name Holding Trade Value Shares
Change 		Change in
Stake
ECM
51
Evergreen Capital Management
Washington
$342K – – –
SWP
52
Stratos Wealth Partners
Ohio
$336K -$55.8K -3,749 -14%
AG
53
Advisor Group
Arizona
$326K -$27.4K -1,841 -8%
WAP
54
Wealthcare Advisory Partners
Pennsylvania
$317K – – –
Cambridge Investment Research Advisors
55
Cambridge Investment Research Advisors
Iowa
$292K +$64.7K +4,347 +29%
UCFA
56
United Capital Financial Advisors
Texas
$292K +$290K +19,471 New
MBTD
57
Mechanics Bank - Trust Department
California
$286K +$284K +19,056 New
Mercer Global Advisors
58
Mercer Global Advisors
Colorado
$282K -$36.5K -2,454 -12%
KJWM
59
Kiley Juergens Wealth Management
Washington
$278K – – –
Stifel Financial
60
Stifel Financial
Missouri
$275K -$118K -7,927 -30%
DAS
61
Dynamic Advisor Solutions
Arizona
$274K +$104 +7 +0%
US Bancorp
62
US Bancorp
Minnesota
$267K – – –
WIA
63
World Investment Advisors
California
$262K +$37K +2,484 +17%
Baird Financial Group
64
Baird Financial Group
Wisconsin
$257K +$88.2K +5,930 +53%
FIA
65
FNY Investment Advisers
New York
$235K +$224K +15,040 +2,321%
WA
66
Winfield Associates
Ohio
$232K +$231K +15,500 New
AL
67
Aspiriant LLC
California
$229K – – –
CIA
68
Choate Investment Advisors
Massachusetts
$210K +$208K +14,000 New
CF
69
Centaurus Financial
California
$201K +$199K +13,392 New
Northwestern Mutual Wealth Management
70
Northwestern Mutual Wealth Management
Wisconsin
$197K +$50.2K +3,374 +35%
WCG
71
Weaver Consulting Group
California
$188K – – –
VIM
72
Vista Investment Management
Pennsylvania
$184K – – –
NL
73
NWAM LLC
Washington
$180K – – –
LCM
74
Leisure Capital Management
California
$175K +$174K +11,693 New
Citigroup
75
Citigroup
New York
$171K +$44.7K +3,001 +36%
1 2
3
4 5

NAC Hedge Fund Activity: Q3 2019 in Review

94 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2019, worth a combined $187M — up 14% from $164M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new NAC positions and 8 closed out — a net gain of 8 holders — while 31 added to existing stakes and 21 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $14.6M. The largest seller was Karpus Investment Management, cutting an estimated $7.46M.

  • 94 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2019, up from 87 in Q2 2019.
  • Funds reported $187M of Nuveen California Quality Municipal Income Fund stock for Q3 2019, up 14% quarter-over-quarter.
  • 16 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2019 and 8 closed out, a net change of +8 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2019 was Guggenheim Capital, an estimated $14.6M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q3 2019 was Karpus Investment Management, an estimated $7.46M sold.

Based on aggregated 13F filings for Q3 2019.