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Nuveen California Quality Municipal Income Fund
NAC

104 hedge funds and large institutions have $208M invested in Nuveen California Quality Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 26 increasing their positions, 28 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

157% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 7

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

11% more capital invested

Capital invested by funds: $187M → $208M (+$21.4M)

11% more funds holding

Funds holding: 94 → 104 (+10)

0.42% more ownership

Funds ownership: 9.23% → 9.65% (+0.42%)

7% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 28

Holders
104
Holders Change
+10
Holders Change %
+10.64%
% of All Funds
2.05%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
18
Increased
26
Reduced
28
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$5.69M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$2.58M
3
Bank of America
Bank of America
North Carolina
+$1.12M
4
Wells Fargo
Wells Fargo
California
+$952K
5
Morgan Stanley
Morgan Stanley
New York
+$908K

Top Sellers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
-$6.18M
2
RCM
Rivernorth Capital Management
Florida
-$4.66M
3
RCM
Robinson Capital Management
Michigan
-$2.89M
4
COLIM
City of London Investment Management
United Kingdom
-$1.58M
5
LWAC
Laurel Wealth Advisors (California)
California
-$1.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
LNWWM
51
Laird Norton Wetherby Wealth Management
California
$432K – – –
FAT
52
First American Trust
California
$375K -$43.1K -2,900 -10%
Baird Financial Group
53
Baird Financial Group
Wisconsin
$367K +$112K +7,511 +44%
CCM
54
Coe Capital Management
Illinois
$344K – – –
Jane Street
55
Jane Street
New York
$343K +$342K +23,039 New
ECM
56
Evergreen Capital Management
Washington
$340K – – –
SWP
57
Stratos Wealth Partners
Ohio
$337K +$2.84K +191 +0.9%
ACA
58
Ackerman Capital Advisors
Texas
$334K +$333K +22,432 New
WAP
59
Wealthcare Advisory Partners
Pennsylvania
$315K – – –
Stifel Financial
60
Stifel Financial
Missouri
$290K +$17K +1,142 +6%
UCFA
61
United Capital Financial Advisors
Texas
$288K -$1.59K -107 -0.5%
MBTD
62
Mechanics Bank - Trust Department
California
$284K – – –
KJWM
63
Kiley Juergens Wealth Management
Washington
$276K – – –
Mercer Global Advisors
64
Mercer Global Advisors
Colorado
$265K -$16.2K -1,091 -6%
DAS
65
Dynamic Advisor Solutions
Arizona
$265K -$7.33K -493 -3%
US Bancorp
66
US Bancorp
Minnesota
$265K – – –
WIA
67
World Investment Advisors
California
$259K – – –
AAS
68
Avantax Advisory Services
Texas
$255K +$255K +17,179 New
BCWM
69
Bartlett & Co Wealth Management
Ohio
$252K +$128K +8,600 +103%
AG
70
Advisor Group
Arizona
$241K -$82.4K -5,546 -26%
WA
71
Winfield Associates
Ohio
$232K +$1.49K +100 +0.6%
Cambridge Investment Research Advisors
72
Cambridge Investment Research Advisors
Iowa
$225K -$64.5K -4,342 -22%
CIA
73
Choate Investment Advisors
Massachusetts
$208K – – –
CCIM
74
Chapwood Capital Investment Management
Texas
$203K +$202K +13,627 New
CF
75
Centaurus Financial
California
$199K – – –
1 2
3
4 5

NAC Hedge Fund Activity: Q4 2019 in Review

104 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2019, worth a combined $208M — up 11% from $187M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NAC positions and 7 closed out — a net gain of 11 holders — while 26 added to existing stakes and 28 trimmed.

The largest buyer was Rockefeller Capital Management, opening a new position worth an estimated $5.69M. The largest seller was Karpus Investment Management, cutting an estimated $6.18M.

  • 104 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2019, up from 94 in Q3 2019.
  • Funds reported $208M of Nuveen California Quality Municipal Income Fund stock for Q4 2019, up 11% quarter-over-quarter.
  • 18 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2019 and 7 closed out, a net change of +11 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2019 was Rockefeller Capital Management, an estimated $5.69M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q4 2019 was Karpus Investment Management, an estimated $6.18M sold.

Based on aggregated 13F filings for Q4 2019.