Nuveen California Quality Municipal Income Fund
87 hedge funds and large institutions have $164M invested in Nuveen California Quality Municipal Income Fund in 2019 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
17% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 23
4% more funds holding
Funds holding: 84 → 87 (+3)
0.53% less ownership
Funds ownership: 8.89% → 8.36% (-0.53%)
8% less capital invested
Capital invested by funds: $179M → $164M (-$14.9M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.68M |
| 2 |
WT
Whittier Trust
South Pasadena,
California
|
+$1.3M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.07M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$795K |
| 5 |
GJIC
Gamble Jones Investment Counsel
Pasadena,
California
|
+$705K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.47M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$6.57M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.65M |
| 4 |
AIC
Ameritas Investment Company
Lincoln,
Nebraska
|
-$825K |
| 5 |
Bank of New York Mellon
New York
|
-$524K |
NAC Hedge Fund Activity: Q2 2019 in Review
87 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2019, worth a combined $164M — down 8.3% from $179M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NAC positions and 9 closed out — a net gain of 4 holders — while 27 added to existing stakes and 23 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.68M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.47M.
- 87 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2019, up from 84 in Q1 2019.
- Funds reported $164M of Nuveen California Quality Municipal Income Fund stock for Q2 2019, down 8.3% quarter-over-quarter.
- 13 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2019 and 9 closed out, a net change of +4 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2019 was Morgan Stanley, an estimated $1.68M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q2 2019 was Rivernorth Capital Management, an estimated $8.47M sold.
Based on aggregated 13F filings for Q2 2019.