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Nuveen California Quality Municipal Income Fund
NAC

114 hedge funds and large institutions have $284M invested in Nuveen California Quality Municipal Income Fund in 2021 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 38 increasing their positions, 27 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 27

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

9% more capital invested

Capital invested by funds: $260M → $284M (+$24.2M)

0.31% more ownership

Funds ownership: 12.09% → 12.4% (+0.31%)

0% more funds holding

Funds holding: 114 → 114 (0)

Holders
114
Holders Change
–
Holders Change %
0%
% of All Funds
1.98%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.07%
New
10
Increased
38
Reduced
27
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$6.04M
2
UBS Group
UBS Group
Switzerland
+$1.03M
3
AIC
Ameritas Investment Company
Nebraska
+$1.01M
4
TFO
Tarbox Family Office
California
+$852K
5
WS
Wedbush Securities
California
+$812K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$2.4M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.13M
3
Wells Fargo
Wells Fargo
California
-$1.1M
4
FFA
First Foundation Advisors
California
-$924K
5
Invesco
Invesco
Georgia
-$441K
Name Holding Trade Value Shares
Change 		Change in
Stake
SW
51
SteelPeak Wealth
California
$723K – – –
EW
52
Evoke Wealth
California
$687K – – –
Baird Financial Group
53
Baird Financial Group
Wisconsin
$677K +$15.3K +993 +2%
HCM
54
Hollencrest Capital Management
California
$663K -$48.1K -3,132 -7%
BCWM
55
Bartlett & Co Wealth Management
Ohio
$636K +$23.1K +1,500 +4%
BC
56
Bartlett & Co
Ohio
$634K +$23.1K +1,500 +4%
PWP
57
Private Wealth Partners
California
$602K +$43K +2,800 +8%
MM
58
Main Management
California
$580K – – –
HighTower Advisors
59
HighTower Advisors
Illinois
$547K +$22.8K +1,481 +4%
BRWM
60
B. Riley Wealth Management
Tennessee
$546K – – –
TWM
61
TriaGen Wealth Management
California
$544K – – –
LNWWM
62
Laird Norton Wetherby Wealth Management
California
$535K – – –
Cambridge Investment Research Advisors
63
Cambridge Investment Research Advisors
Iowa
$522K +$283K +18,406 +127%
Jane Street
64
Jane Street
New York
$499K +$484K +31,467 New
SWAG
65
Spectrum Wealth Advisory Group
California
$484K +$469K +30,527 New
OIM
66
Oder Investment Management
California
$480K +$1.72K +112 +0.4%
KJWM
67
Kiley Juergens Wealth Management
Washington
$448K – – –
Stifel Financial
68
Stifel Financial
Missouri
$432K -$52.1K -3,389 -11%
RJFSA
69
Raymond James Financial Services Advisors
Florida
$391K +$16.7K +1,088 +5%
US Bancorp
70
US Bancorp
Minnesota
$361K +$76.9K +5,000 +28%
ECM
71
Evergreen Capital Management
Washington
$354K – – –
PA
72
Parallel Advisors
California
$336K – – –
FAT
73
First American Trust
California
$333K – – –
DAS
74
Dynamic Advisor Solutions
Arizona
$328K +$108 +7 +0%
CIA
75
Choate Investment Advisors
Massachusetts
$325K – – –
1 2
3
4 5

NAC Hedge Fund Activity: Q2 2021 in Review

114 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2021, worth a combined $284M — up 9.3% from $260M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new NAC positions and 9 closed out — a net gain of 1 holder — while 38 added to existing stakes and 27 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $6.04M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2.4M sold.

  • 114 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2021, unchanged from Q1 2021.
  • Funds reported $284M of Nuveen California Quality Municipal Income Fund stock for Q2 2021, up 9.3% quarter-over-quarter.
  • 10 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2021 and 9 closed out, a net change of +1 holder.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2021 was Rivernorth Capital Management, an estimated $6.04M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2021 was Robinson Capital Management, an estimated $2.4M sold.

Based on aggregated 13F filings for Q2 2021.