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Nuveen California Quality Municipal Income Fund
NAC

122 hedge funds and large institutions have $448M invested in Nuveen California Quality Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 41 increasing their positions, 34 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more capital invested

Capital invested by funds: $328M → $448M (+$120M)

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

21% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 34

16% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 19

4.45% more ownership

Funds ownership: 23.49% → 27.93% (+4.4%)

2% more funds holding

Funds holding: 120 → 122 (+2)

Holders
122
Holders Change
+2
Holders Change %
+1.67%
% of All Funds
1.78%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.07%
New
22
Increased
41
Reduced
34
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$18.4M
2
KIM
Karpus Investment Management
New York
+$16.7M
3
SCM
Saba Capital Management
New York
+$15.6M
4
BPCM
Beach Point Capital Management
California
+$5.11M
5
LSC
Logan Stone Capital
Illinois
+$3.76M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$3.29M
2
UBS Group
UBS Group
Switzerland
-$1.74M
3
WT
Whittier Trust
California
-$1.65M
4
EW
Evoke Wealth
California
-$1.41M
5
WAM
Wolverine Asset Management
Illinois
-$585K
Name Holding Trade Value Shares
Change 		Change in
Stake
AC
51
Almitas Capital
California
$529K +$485K +47,674 New
EHC
52
Everett Harris & Co
California
$510K – – –
OIM
53
Oder Investment Management
California
$498K +$12.8K +1,253 +3%
CFG
54
Cooper Financial Group
California
$447K -$33.9K -3,329 -8%
NWM
55
Napa Wealth Management
California
$446K +$410K +40,233 New
IWC
56
Integrated Wealth Concepts
Massachusetts
$444K -$9.21K -904 -2%
CWP
57
Core Wealth Partners
California
$416K – – –
PWSG
58
Pacific Wealth Strategies Group
California
$397K -$19.3K -1,900 -5%
BCWM
59
Bartlett & Co Wealth Management
Ohio
$382K -$224K -21,950 -39%
BC
60
Bartlett & Co
Ohio
$380K -$224K -21,950 -39%
TIM
61
Tortoise Investment Management
New York
$346K -$80.3K -7,882 -20%
AWS
62
Atria Wealth Solutions
New York
$323K -$6.47K -635 -2%
WFA
63
Wellspring Financial Advisors
Ohio
$295K – – –
BRWA
64
B. Riley Wealth Advisors
Florida
$290K – – –
Stifel Financial
65
Stifel Financial
Missouri
$286K -$134K -13,145 -34%
CRWM
66
Castle Rock Wealth Management
California
$285K +$31 +3 +0%
IAIM
67
International Assets Investment Management
Florida
$274K – – –
JP Morgan Chase
68
JP Morgan Chase
New York
$264K +$228K +22,354 +1,496%
MA
69
MKT Advisors
California
$255K – – –
RF
70
RHS Financial
California
$244K +$97.5K +9,571 +77%
US Bancorp
71
US Bancorp
Minnesota
$239K +$6.11K +600 +3%
RCM
72
RB Capital Management
Nevada
$228K +$2.08K +204 +1%
CIA
73
Choate Investment Advisors
Massachusetts
$227K – – –
FAT
74
First American Trust
California
$211K -$20.4K -2,000 -10%
NIWA
75
New Insight Wealth Advisors
California
$206K +$189K +18,550 New
1 2
3
4 5

NAC Hedge Fund Activity: Q4 2023 in Review

122 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2023, worth a combined $448M — up 37% from $328M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new NAC positions and 19 closed out — a net gain of 3 holders — while 41 added to existing stakes and 34 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $18.4M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.29M.

  • 122 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2023, up from 120 in Q3 2023.
  • Funds reported $448M of Nuveen California Quality Municipal Income Fund stock for Q4 2023, up 37% quarter-over-quarter.
  • 22 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2023 and 19 closed out, a net change of +3 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $18.4M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $3.29M sold.

Based on aggregated 13F filings for Q4 2023.