Nuveen California Quality Municipal Income Fund
72 hedge funds and large institutions have $123M invested in Nuveen California Quality Municipal Income Fund in 2017 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 23 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
9% more funds holding
Funds holding: 66 → 72 (+6)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.26% less ownership
Funds ownership: 5.95% → 5.69% (-0.26%)
5% less capital invested
Capital invested by funds: $129M → $123M (-$6.01M)
13% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
+$2.8M |
| 2 |
Morgan Stanley
New York
|
+$1.55M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.3M |
| 4 |
SG Americas Securities
New York
|
+$1.03M |
| 5 |
Millennium Management
New York
|
+$548K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$8.99M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.96M |
| 3 |
LPL Financial
San Diego,
California
|
-$907K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$830K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$667K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
76
RB Capital Management
Reno,
Nevada
| $802 | +$14.2K | +931 | +2% |
|
|
SIA
77
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$260K | -17,287 | Closed |
|
|
GS
78
Girard Securities
San Diego,
California
| – | -$205K | -13,619 | Closed |
|
79
SEI Investments
Oaks,
Pennsylvania
| – | -$182K | -12,100 | Closed |
|
80
Envestnet Asset Management
Chicago,
Illinois
| – | -$105K | -6,990 | Closed |
|
|
MA
81
MUFG Americas
New York
| – | -$89K | -5,922 | Closed |
|
NAC Hedge Fund Activity: Q3 2017 in Review
72 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2017, worth a combined $123M — down 4.7% from $129M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NAC positions and 5 closed out — a net gain of 6 holders — while 20 added to existing stakes and 23 trimmed.
The largest buyer was Van Hulzen Asset Management, opening a new position worth an estimated $2.8M. The largest seller was UBS Group, cutting an estimated $8.99M.
- 72 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2017, up from 66 in Q2 2017.
- Funds reported $123M of Nuveen California Quality Municipal Income Fund stock for Q3 2017, down 4.7% quarter-over-quarter.
- 11 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2017 and 5 closed out, a net change of +6 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2017 was Van Hulzen Asset Management, an estimated $2.8M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q3 2017 was UBS Group, an estimated $8.99M sold.
Based on aggregated 13F filings for Q3 2017.