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Nuveen California Quality Municipal Income Fund
NAC

109 hedge funds and large institutions have $227M invested in Nuveen California Quality Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 36 increasing their positions, 30 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 11

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

20% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 30

9% more capital invested

Capital invested by funds: $208M → $227M (+$19.2M)

5% more funds holding

Funds holding: 104 → 109 (+5)

1.82% more ownership

Funds ownership: 9.65% → 11.47% (+1.8%)

Holders
109
Holders Change
+5
Holders Change %
+4.81%
% of All Funds
2.4%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
19
Increased
36
Reduced
30
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$14.3M
2
G
GenTrust
Florida
+$6.47M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$4.96M
4
KIM
Karpus Investment Management
New York
+$2.68M
5
Morgan Stanley
Morgan Stanley
New York
+$2.67M

Top Sellers

Rank Fund Capital Flow
1
IC
IEQ Capital
California
-$4.8M
2
RCM
Robinson Capital Management
Michigan
-$951K
3
AA
Apriem Advisors
California
-$620K
4
VHAM
Van Hulzen Asset Management
California
-$588K
5
GC
Guggenheim Capital
Illinois
-$450K
Name Holding Trade Value Shares
Change 		Change in
Stake
WTC
51
WhitTier Trust Company
Nevada
$574K +$1.76K +120 +0.3%
PWP
52
Private Wealth Partners
California
$543K -$44.1K -3,000 -7%
LNWWM
53
Laird Norton Wetherby Wealth Management
California
$522K +$135K +9,145 +32%
Baird Financial Group
54
Baird Financial Group
Wisconsin
$485K +$158K +10,724 +43%
BRWM
55
B. Riley Wealth Management
Tennessee
$484K +$5.52K +375 +1%
BCWM
56
Bartlett & Co Wealth Management
Ohio
$477K +$261K +17,750 +105%
BC
57
Bartlett & Co
Ohio
$475K +$510K +34,700 New
UCFA
58
United Capital Financial Advisors
Texas
$463K +$213K +14,450 +75%
HighTower Advisors
59
HighTower Advisors
Illinois
$454K -$17.9K -1,219 -4%
Cetera Investment Advisers
60
Cetera Investment Advisers
Illinois
$441K +$10.3K +700 +2%
BF
61
BOK Financial
Oklahoma
$411K – – –
MIAN
62
Mariner Independent Advisor Network
Kansas
$403K -$345K -23,429 -44%
CRC
63
Curi RMB Capital
Illinois
$389K +$418K +28,389 New
SWP
64
Stratos Wealth Partners
Ohio
$365K +$59.5K +4,045 +18%
FAT
65
First American Trust
California
$336K -$9.41K -640 -3%
MA
66
MUFG Americas
New York
$317K +$341K +23,150 New
ECM
67
Evergreen Capital Management
Washington
$313K – – –
DAS
68
Dynamic Advisor Solutions
Arizona
$305K +$66.3K +4,506 +25%
Stifel Financial
69
Stifel Financial
Missouri
$297K +$32.9K +2,233 +11%
WAP
70
Wealthcare Advisory Partners
Pennsylvania
$289K – – –
CIA
71
Choate Investment Advisors
Massachusetts
$281K +$95.6K +6,500 +46%
Northwestern Mutual Wealth Management
72
Northwestern Mutual Wealth Management
Wisconsin
$265K +$88.6K +6,020 +45%
KJWM
73
Kiley Juergens Wealth Management
Washington
$254K – – –
US Bancorp
74
US Bancorp
Minnesota
$243K – – –
TIM
75
Tortoise Investment Management
New York
$219K +$73.6K +5,000 +45%
1 2
3
4 5

NAC Hedge Fund Activity: Q1 2020 in Review

109 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2020, worth a combined $227M — up 9.2% from $208M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new NAC positions and 11 closed out — a net gain of 8 holders — while 36 added to existing stakes and 30 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $14.3M. The largest seller was IEQ Capital, exiting entirely with an estimated $4.8M sold.

  • 109 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2020, up from 104 in Q4 2019.
  • Funds reported $227M of Nuveen California Quality Municipal Income Fund stock for Q1 2020, up 9.2% quarter-over-quarter.
  • 19 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2020 and 11 closed out, a net change of +8 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2020 was Rivernorth Capital Management, an estimated $14.3M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q1 2020 was IEQ Capital, an estimated $4.8M sold.

Based on aggregated 13F filings for Q1 2020.