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Nuveen California Quality Municipal Income Fund
NAC

117 hedge funds and large institutions have $298M invested in Nuveen California Quality Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 27 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 27

20% more capital invested

Capital invested by funds: $249M → $298M (+$49.7M)

11% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 18

3.24% more ownership

Funds ownership: 15.52% → 18.76% (+3.2%)

0% more funds holding

Funds holding: 117 → 117 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
117
Holders Change
–
Holders Change %
0%
% of All Funds
1.86%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
20
Increased
40
Reduced
27
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$25M
2
KIM
Karpus Investment Management
New York
+$24.7M
3
PCM
Penserra Capital Management
California
+$8.42M
4
RCM
Rivernorth Capital Management
Florida
+$4.67M
5
LSC
Logan Stone Capital
Illinois
+$2.65M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$8.69M
2
UBS Group
UBS Group
Switzerland
-$5.49M
3
WAM
Weiss Asset Management
Massachusetts
-$2.26M
4
PCIA
Prime Capital Investment Advisors
Kansas
-$1.22M
5
AC
Almitas Capital
California
-$1.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
EHC
51
Everett Harris & Co
California
$506K – – –
Susquehanna International Group
52
Susquehanna International Group
Pennsylvania
$480K +$27.1K +2,439 +6%
CFG
53
Cooper Financial Group
California
$479K +$2.54K +229 +0.5%
Stifel Financial
54
Stifel Financial
Missouri
$449K +$47.2K +4,246 +12%
HighTower Advisors
55
HighTower Advisors
Illinois
$420K -$6.61K -595 -2%
CWP
56
Core Wealth Partners
California
$413K +$417K +37,543 New
GKWIM
57
Gerber Kawasaki Wealth & Investment Management
California
$401K +$66.2K +5,953 +20%
AWS
58
Atria Wealth Solutions
New York
$385K -$448K -40,339 -54%
DWM
59
Destination Wealth Management
California
$368K -$143K -12,841 -28%
PWSG
60
Pacific Wealth Strategies Group
California
$358K +$71.2K +6,409 +25%
IWC
61
Integrated Wealth Concepts
Massachusetts
$349K +$353K +31,727 New
CRWM
62
Castle Rock Wealth Management
California
$296K -$31.9K -2,868 -10%
RJFSA
63
Raymond James Financial Services Advisors
Florida
$294K -$12.3K -1,109 -4%
WFA
64
Wellspring Financial Advisors
Ohio
$293K +$296K +26,600 New
Walleye Capital
65
Walleye Capital
New York
$289K +$67.1K +6,033 +30%
BRWA
66
B. Riley Wealth Advisors
Florida
$289K -$88.1K -7,922 -23%
WAM
67
Weinberger Asset Management
California
$260K – – –
MA
68
MKT Advisors
California
$255K – – –
AAS
69
Ameritas Advisory Services
Nebraska
$251K +$25K +2,245 +11%
FAT
70
First American Trust
California
$231K – – –
WTC
71
WhitTier Trust Company
Nevada
$229K -$43K -3,872 -16%
CIA
72
Choate Investment Advisors
Massachusetts
$226K – – –
BG
73
Benedetti & Gucer
Georgia
$208K +$210K +18,871 New
PA
74
Parallel Advisors
California
$204K – – –
WCG
75
Weaver Consulting Group
California
$201K +$66.7K +6,000 +49%
1 2
3
4 5

NAC Hedge Fund Activity: Q1 2023 in Review

117 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2023, worth a combined $298M — up 20% from $249M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new NAC positions and 18 closed out — a net gain of 2 holders — while 40 added to existing stakes and 27 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $25M. The largest seller was Guggenheim Capital, cutting an estimated $8.69M.

  • 117 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $298M of Nuveen California Quality Municipal Income Fund stock for Q1 2023, up 20% quarter-over-quarter.
  • 20 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2023 and 18 closed out, a net change of +2 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2023 was Saba Capital Management, an estimated $25M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q1 2023 was Guggenheim Capital, an estimated $8.69M sold.

Based on aggregated 13F filings for Q1 2023.