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Nuveen California Quality Municipal Income Fund
NAC

109 hedge funds and large institutions have $227M invested in Nuveen California Quality Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 36 increasing their positions, 30 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 11

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

20% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 30

9% more capital invested

Capital invested by funds: $208M → $227M (+$19.2M)

5% more funds holding

Funds holding: 104 → 109 (+5)

1.82% more ownership

Funds ownership: 9.65% → 11.47% (+1.8%)

Holders
109
Holders Change
+5
Holders Change %
+4.81%
% of All Funds
2.4%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
19
Increased
36
Reduced
30
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$14.3M
2
G
GenTrust
Florida
+$6.47M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$4.96M
4
KIM
Karpus Investment Management
New York
+$2.68M
5
Morgan Stanley
Morgan Stanley
New York
+$2.67M

Top Sellers

Rank Fund Capital Flow
1
IC
IEQ Capital
California
-$4.8M
2
RCM
Robinson Capital Management
Michigan
-$951K
3
AA
Apriem Advisors
California
-$620K
4
VHAM
Van Hulzen Asset Management
California
-$588K
5
GC
Guggenheim Capital
Illinois
-$450K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
76
Winfield Associates
Ohio
$209K -$4.41K -300 -2%
Cambridge Investment Research Advisors
77
Cambridge Investment Research Advisors
Iowa
$208K +$824 +56 +0.4%
MBTD
78
Mechanics Bank - Trust Department
California
$205K -$59.7K -4,056 -21%
Goldman Sachs
79
Goldman Sachs
New York
$201K +$216K +14,650 New
Mercer Global Advisors
80
Mercer Global Advisors
Colorado
$194K -$53.2K -3,617 -20%
FIA
81
FNY Investment Advisers
New York
$172K -$6.66K -453 -3%
VIM
82
Vista Investment Management
Pennsylvania
$168K – – –
PFA
83
Pure Financial Advisors
California
$166K +$178K +12,103 New
LCM
84
Leisure Capital Management
California
$160K – – –
MM
85
Main Management
California
$159K +$171K +11,601 New
Creative Planning
86
Creative Planning
Kansas
$154K – – –
NL
87
NWAM LLC
Washington
$152K -$13.5K -919 -8%
RTC
88
Riverview Trust Company
Washington
$145K – – –
ACI
89
Alpha Cubed Investments
California
$137K +$147K +10,000 New
MCM
90
Manchester Capital Management
Vermont
$137K +$147K +10,000 New
SFS
91
Sowell Financial Services
Arkansas
$127K – – –
SMFS
92
Squar Milner Financial Services
California
$123K – – –
DTIM
93
Danda Trouve Investment Management
Kansas
$81K +$897 +61 +1%
SPIA
94
Steward Partners Investment Advisory
New York
$80K +$1.47K +100 +2%
Citigroup
95
Citigroup
New York
$68K -$94.4K -6,419 -56%
Carson Wealth (CWM LLC)
96
Carson Wealth (CWM LLC)
Nebraska
$66K – – –
GWM
97
Geneos Wealth Management
Colorado
$50K – – –
WCG
98
Weaver Consulting Group
California
$47K -$136K -9,216 -73%
KPW
99
Kore Private Wealth
New York
$47K – – –
AF
100
Allworth Financial
California
$38K – – –
1 2 3
4
5

NAC Hedge Fund Activity: Q1 2020 in Review

109 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2020, worth a combined $227M — up 9.2% from $208M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new NAC positions and 11 closed out — a net gain of 8 holders — while 36 added to existing stakes and 30 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $14.3M. The largest seller was IEQ Capital, exiting entirely with an estimated $4.8M sold.

  • 109 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2020, up from 104 in Q4 2019.
  • Funds reported $227M of Nuveen California Quality Municipal Income Fund stock for Q1 2020, up 9.2% quarter-over-quarter.
  • 19 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2020 and 11 closed out, a net change of +8 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2020 was Rivernorth Capital Management, an estimated $14.3M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q1 2020 was IEQ Capital, an estimated $4.8M sold.

Based on aggregated 13F filings for Q1 2020.