Nuveen California Quality Municipal Income Fund
108 hedge funds and large institutions have $259M invested in Nuveen California Quality Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 40 increasing their positions, 27 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
48% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 27
4% more funds holding
Funds holding: 104 → 108 (+4)
0% more capital invested
Capital invested by funds: $258M → $259M (+$872K)
0.21% less ownership
Funds ownership: 12.49% → 12.28% (-0.21%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$5.03M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.87M |
| 3 |
PWSG
Pacific Wealth Strategies Group
Santa Barbara,
California
|
+$1.59M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.29M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$726K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.74M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.65M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.56M |
| 4 |
JP Morgan Chase
New York
|
-$764K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$756K |
NAC Hedge Fund Activity: Q3 2020 in Review
108 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2020, worth a combined $259M — up 0.34% from $258M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NAC positions and 5 closed out — a net gain of 4 holders — while 40 added to existing stakes and 27 trimmed.
The largest buyer was Miracle Mile Advisors, opening a new position worth an estimated $5.03M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.74M.
- 108 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2020, up from 104 in Q2 2020.
- Funds reported $259M of Nuveen California Quality Municipal Income Fund stock for Q3 2020, up 0.34% quarter-over-quarter.
- 9 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2020 and 5 closed out, a net change of +4 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2020 was Miracle Mile Advisors, an estimated $5.03M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q3 2020 was Rivernorth Capital Management, an estimated $8.74M sold.
Based on aggregated 13F filings for Q3 2020.