Nuveen California Quality Municipal Income Fund
84 hedge funds and large institutions have $179M invested in Nuveen California Quality Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 28 increasing their positions, 23 reducing their positions, and 19 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 23
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1.44% less ownership
Funds ownership: 10.33% → 8.89% (-1.4%)
6% less capital invested
Capital invested by funds: $191M → $179M (-$12.1M)
7% less funds holding
Funds holding: 90 → 84 (-6)
26% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$2.71M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$2.38M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$964K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$665K |
| 5 |
PWP
Private Wealth Partners
Mill Valley,
California
|
+$550K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$16.3M |
| 2 |
SCM
Saba Capital Management
New York
|
-$4.26M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.66M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.37M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.04M |
NAC Hedge Fund Activity: Q1 2019 in Review
84 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2019, worth a combined $179M — down 6.3% from $191M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of NAC and 14 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 28 added.
The largest buyer was UBS Group, adding an estimated $2.71M. The largest seller was Beach Point Capital Management, exiting entirely with an estimated $16.3M sold.
- 84 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2019, down from 90 in Q4 2018.
- Funds reported $179M of Nuveen California Quality Municipal Income Fund stock for Q1 2019, down 6.3% quarter-over-quarter.
- 14 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2019 and 19 closed out, a net change of -5 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2019 was UBS Group, an estimated $2.71M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q1 2019 was Beach Point Capital Management, an estimated $16.3M sold.
Based on aggregated 13F filings for Q1 2019.