Nuveen California Quality Municipal Income Fund
120 hedge funds and large institutions have $339M invested in Nuveen California Quality Municipal Income Fund in 2024 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 56 increasing their positions, 21 reducing their positions, and 11 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 21
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
1% more funds holding
Funds holding: 119 → 120 (+1)
5.27% less ownership
Funds ownership: 25.2% → 19.93% (-5.3%)
19% less capital invested
Capital invested by funds: $420M → $339M (-$81.4M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.71M |
| 2 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$3.52M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.71M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$2.5M |
| 5 |
Rockefeller Capital Management
New York
|
+$2.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$57.1M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$24.2M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.52M |
| 4 |
PCM
Penserra Capital Management
Orinda,
California
|
-$8.74M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$6.79M |
NAC Hedge Fund Activity: Q3 2024 in Review
120 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2024, worth a combined $339M — down 19% from $420M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NAC positions and 11 closed out — a net gain of 1 holder — while 56 added to existing stakes and 21 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.71M. The largest seller was Saba Capital Management, cutting an estimated $57.1M.
- 120 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2024, up from 119 in Q2 2024.
- Funds reported $339M of Nuveen California Quality Municipal Income Fund stock for Q3 2024, down 19% quarter-over-quarter.
- 12 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2024 and 11 closed out, a net change of +1 holder.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2024 was Morgan Stanley, an estimated $3.71M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q3 2024 was Saba Capital Management, an estimated $57.1M sold.
Based on aggregated 13F filings for Q3 2024.