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Nuveen California Quality Municipal Income Fund
NAC

104 hedge funds and large institutions have $258M invested in Nuveen California Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $227M → $258M (+$30.7M)

1.02% more ownership

Funds ownership: 11.47% → 12.49% (+1%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

8% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 36

5% less funds holding

Funds holding: 109 → 104 (-5)

38% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 13

Holders
104
Holders Change
-5
Holders Change %
-4.59%
% of All Funds
2.13%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
8
Increased
33
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$10.3M
2
Morgan Stanley
Morgan Stanley
New York
+$8.53M
3
GC
Guggenheim Capital
Illinois
+$6.43M
4
Wells Fargo
Wells Fargo
California
+$4.03M
5
SW
SteelPeak Wealth
California
+$577K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$2.05M
2
G
GenTrust
Florida
-$1.45M
3
LCM
Landscape Capital Management
New Jersey
-$881K
4
AIC
Ameritas Investment Company
Nebraska
-$761K
5
AA
AQR Arbitrage
Connecticut
-$688K
Name Holding Trade Value Shares
Change 		Change in
Stake
MIAN
51
Mariner Independent Advisor Network
Kansas
$563K +$133K +9,585 +32%
LNWWM
52
Laird Norton Wetherby Wealth Management
California
$544K -$529 -38 -0.1%
Baird Financial Group
53
Baird Financial Group
Wisconsin
$526K +$20.4K +1,463 +4%
MM
54
Main Management
California
$522K +$348K +25,000 +215%
BCWM
55
Bartlett & Co Wealth Management
Ohio
$516K +$18.1K +1,300 +4%
BC
56
Bartlett & Co
Ohio
$514K +$18.1K +1,300 +4%
Cetera Investment Advisers
57
Cetera Investment Advisers
Illinois
$514K +$52.9K +3,800 +12%
BRWM
58
B. Riley Wealth Management
Tennessee
$510K +$5.85K +420 +1%
UCFA
59
United Capital Financial Advisors
Texas
$471K -$11K -789 -2%
HighTower Advisors
60
HighTower Advisors
Illinois
$468K -$5.57K -400 -1%
SWP
61
Stratos Wealth Partners
Ohio
$384K +$2.98K +214 +0.8%
ECM
62
Evergreen Capital Management
Washington
$326K – – –
DAS
63
Dynamic Advisor Solutions
Arizona
$309K -$9.34K -671 -3%
PA
64
Parallel Advisors
California
$302K +$296K +21,224 New
FAT
65
First American Trust
California
$300K -$49.7K -3,570 -15%
CIA
66
Choate Investment Advisors
Massachusetts
$293K – – –
IC
67
IEQ Capital
California
$285K +$279K +20,000 New
WIA
68
World Investment Advisors
California
$280K +$258K +18,510 New
KJWM
69
Kiley Juergens Wealth Management
Washington
$264K – – –
US Bancorp
70
US Bancorp
Minnesota
$254K – – –
Northwestern Mutual Wealth Management
71
Northwestern Mutual Wealth Management
Wisconsin
$253K -$22.6K -1,626 -8%
WA
72
Winfield Associates
Ohio
$233K +$13.9K +1,000 +7%
TIM
73
Tortoise Investment Management
New York
$228K – – –
RJFSA
74
Raymond James Financial Services Advisors
Florida
$215K -$454K -32,600 -68%
MBTD
75
Mechanics Bank - Trust Department
California
$214K – – –
1 2
3
4 5

NAC Hedge Fund Activity: Q2 2020 in Review

104 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2020, worth a combined $258M — up 14% from $227M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of NAC and 8 opened new positions — a net loss of 5 holders — while 36 trimmed existing stakes and 33 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $10.3M. The largest seller was Bank of America, cutting an estimated $2.05M.

  • 104 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2020, down from 109 in Q1 2020.
  • Funds reported $258M of Nuveen California Quality Municipal Income Fund stock for Q2 2020, up 14% quarter-over-quarter.
  • 8 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2020 and 13 closed out, a net change of -5 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $10.3M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2020 was Bank of America, an estimated $2.05M sold.

Based on aggregated 13F filings for Q2 2020.