Nuveen California Quality Municipal Income Fund
78 hedge funds and large institutions have $156M invested in Nuveen California Quality Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 30 increasing their positions, 7 reducing their positions, and 4 closing their positions.
675% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 4
329% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 7
97% more capital invested
Capital invested by funds: $79.2M → $156M (+$76.5M)
53% more funds holding
Funds holding: 51 → 78 (+27)
3.1% more ownership
Funds ownership: 4.49% → 7.59% (+3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$15.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$13.8M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$9.11M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$7.62M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$6.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$257K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$222K |
| 3 |
SEI Investments
Oaks,
Pennsylvania
|
-$169K |
| 4 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$168K |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$133K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GAM
76
Gemmer Asset Management
Walnut Creek,
California
| $15K | – | – | – |
|
|
SFPIA
77
Stevens First Principles Investment Advisors
Newport Beach,
California
| $11K | -$4.4K | -300 | -27% |
|
78
Citigroup
New York
| $5K | – | – | – |
|
79
Northern Trust
Chicago,
Illinois
| $2K | +$258K | +17,618 | New |
|
|
CAN
80
Cetera Advisor Networks
El Segundo,
California
| – | -$257K | -15,623 | Closed |
|
|
81
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$222K | -13,536 | Closed |
|
|
82
SEI Investments
Oaks,
Pennsylvania
| – | -$169K | -10,260 | Closed |
|
|
83
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$168K | -10,243 | Closed |
|
84
Envestnet Asset Management
Chicago,
Illinois
| – | -$110K | -7,474 | -100% |
|
NAC Hedge Fund Activity: Q4 2016 in Review
78 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2016, worth a combined $156M — up 97% from $79.2M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new NAC positions and 4 closed out — a net gain of 27 holders — while 30 added to existing stakes and 7 trimmed.
The largest buyer was Laurion Capital Management, adding an estimated $15.7M. The largest seller was Cetera Advisor Networks, exiting entirely with an estimated $257K sold.
- 78 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2016, up from 51 in Q3 2016.
- Funds reported $156M of Nuveen California Quality Municipal Income Fund stock for Q4 2016, up 97% quarter-over-quarter.
- 31 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2016 and 4 closed out, a net change of +27 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2016 was Laurion Capital Management, an estimated $15.7M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q4 2016 was Cetera Advisor Networks, an estimated $257K sold.
Based on aggregated 13F filings for Q4 2016.