Nuveen California Quality Municipal Income Fund
79 hedge funds and large institutions have $133M invested in Nuveen California Quality Municipal Income Fund in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 13 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 24
2% more capital invested
Capital invested by funds: $130M → $133M (+$2.64M)
0.53% more ownership
Funds ownership: 6.23% → 6.76% (+0.53%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 81 → 79 (-2)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$16.8M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$4.4M |
| 3 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
+$2.08M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.21M |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$909K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$3.96M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$3.62M |
| 3 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$3.03M |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$1.4M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.22M |
NAC Hedge Fund Activity: Q1 2018 in Review
79 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2018, worth a combined $133M — up 2% from $130M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NAC and 11 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 27 added.
The largest buyer was UBS Group, adding an estimated $16.8M. The largest seller was Laurion Capital Management, cutting an estimated $3.96M.
- 79 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2018, down from 81 in Q4 2017.
- Funds reported $133M of Nuveen California Quality Municipal Income Fund stock for Q1 2018, up 2% quarter-over-quarter.
- 11 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2018 and 13 closed out, a net change of -2 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2018 was UBS Group, an estimated $16.8M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q1 2018 was Laurion Capital Management, an estimated $3.96M sold.
Based on aggregated 13F filings for Q1 2018.