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Nuveen California Quality Municipal Income Fund
NAC

104 hedge funds and large institutions have $212M invested in Nuveen California Quality Municipal Income Fund in 2022 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 35 increasing their positions, 24 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

46% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 24

0.09% more ownership

Funds ownership: 13.23% → 13.32% (+0.09%)

0% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 11

3% less funds holding

Funds holding: 107 → 104 (-3)

10% less capital invested

Capital invested by funds: $236M → $212M (-$23.4M)

Holders
104
Holders Change
-3
Holders Change %
-2.8%
% of All Funds
1.79%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
11
Increased
35
Reduced
24
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCG
Regatta Capital Group
California
+$2.15M
2
AWS
Atria Wealth Solutions
New York
+$1.13M
3
Wells Fargo
Wells Fargo
California
+$1.1M
4
GC
Guggenheim Capital
Illinois
+$876K
5
AAM
Advisors Asset Management
Colorado
+$872K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$4.4M
2
LGWM
Litman Gregory Wealth Management
California
-$915K
3
AA
AQR Arbitrage
Connecticut
-$894K
4
LCM
Landscape Capital Management
New Jersey
-$540K
5
DADC
D.A. Davidson & Co
Montana
-$539K
Name Holding Trade Value Shares
Change 		Change in
Stake
HighTower Advisors
51
HighTower Advisors
Illinois
$461K +$125K +10,285 +32%
AAS
52
Ameritas Advisory Services
Nebraska
$445K +$24.7K +2,034 +5%
Stifel Financial
53
Stifel Financial
Missouri
$422K +$20.7K +1,707 +5%
CRWM
54
Castle Rock Wealth Management
California
$412K -$111K -9,144 -20%
RJFSA
55
Raymond James Financial Services Advisors
Florida
$399K -$34.9K -2,875 -7%
BRWA
56
B. Riley Wealth Advisors
Florida
$376K +$416K +34,202 New
HCM
57
Hollencrest Capital Management
California
$365K – – –
RPCA
58
Running Point Capital Advisors
California
$347K -$41.3K -3,400 -10%
TWM
59
TriaGen Wealth Management
California
$323K -$121K -9,926 -25%
RSS
60
Rosenblum Silverman Sutton
California
$312K +$92.4K +7,600 +36%
MM
61
Main Management
California
$262K +$290K +23,865 New
WAM
62
Weinberger Asset Management
California
$259K – – –
MA
63
MKT Advisors
California
$253K – – –
WTC
64
WhitTier Trust Company
Nevada
$241K -$56.6K -4,654 -17%
VCM
65
Vivaldi Capital Management
Illinois
$235K -$60.3K -4,958 -19%
PA
66
Parallel Advisors
California
$233K – – –
FAT
67
First American Trust
California
$230K – – –
LWAC
68
Laurel Wealth Advisors (California)
California
$227K -$15K -1,237 -6%
CIA
69
Choate Investment Advisors
Massachusetts
$225K – – –
SIA
70
Sit Investment Associates
Minnesota
$225K – – –
Mercer Global Advisors
71
Mercer Global Advisors
Colorado
$212K +$11K +904 +5%
CWM
72
C2C Wealth Management
Arizona
$169K – – –
GIM
73
Grassi Investment Management
California
$165K – – –
GCA
74
Gradient Capital Advisors
California
$164K +$182K +14,982 New
ACI
75
Alpha Cubed Investments
California
$157K – – –
1 2
3
4 5

NAC Hedge Fund Activity: Q3 2022 in Review

104 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2022, worth a combined $212M — down 9.9% from $236M a quarter earlier.

Fund positioning in NAC was balanced in Q3 2022: 11 funds opened new positions, 11 closed out, 35 added to existing stakes and 24 trimmed.

The largest buyer was Regatta Capital Group, adding an estimated $2.15M. The largest seller was Rivernorth Capital Management, cutting an estimated $4.4M.

  • 104 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2022, down from 107 in Q2 2022.
  • Funds reported $212M of Nuveen California Quality Municipal Income Fund stock for Q3 2022, down 9.9% quarter-over-quarter.
  • 11 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2022 and 11 closed out, a net change of 0 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2022 was Regatta Capital Group, an estimated $2.15M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q3 2022 was Rivernorth Capital Management, an estimated $4.4M sold.

Based on aggregated 13F filings for Q3 2022.