Nuveen California Quality Municipal Income Fund
117 hedge funds and large institutions have $249M invested in Nuveen California Quality Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 24 increasing their positions, 37 reducing their positions, and 16 closing their positions.
106% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 16
17% more capital invested
Capital invested by funds: $212M → $249M (+$36.5M)
13% more funds holding
Funds holding: 104 → 117 (+13)
2.2% more ownership
Funds ownership: 13.32% → 15.52% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
35% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$26M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$10.1M |
| 3 |
Mariner
Overland Park,
Kansas
|
+$7.41M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$5.4M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$4.27M |
| 2 |
Morgan Stanley
New York
|
-$3.78M |
| 3 |
RCG
Regatta Capital Group
El Segundo,
California
|
-$3.77M |
| 4 |
PWSG
Pacific Wealth Strategies Group
Santa Barbara,
California
|
-$2.06M |
| 5 |
Rockefeller Capital Management
New York
|
-$1.75M |
NAC Hedge Fund Activity: Q4 2022 in Review
117 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2022, worth a combined $249M — up 17% from $212M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new NAC positions and 16 closed out — a net gain of 17 holders — while 24 added to existing stakes and 37 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $26M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $4.27M sold.
- 117 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2022, up from 104 in Q3 2022.
- Funds reported $249M of Nuveen California Quality Municipal Income Fund stock for Q4 2022, up 17% quarter-over-quarter.
- 33 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2022 and 16 closed out, a net change of +17 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $26M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q4 2022 was Fiera Capital (Canada), an estimated $4.27M sold.
Based on aggregated 13F filings for Q4 2022.