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Nuveen California Quality Municipal Income Fund
NAC

104 hedge funds and large institutions have $258M invested in Nuveen California Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 36 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $227M → $258M (+$30.7M)

1.02% more ownership

Funds ownership: 11.47% → 12.49% (+1%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

8% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 36

5% less funds holding

Funds holding: 109 → 104 (-5)

38% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 13

Holders
104
Holders Change
-5
Holders Change %
-4.59%
% of All Funds
2.13%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
8
Increased
33
Reduced
36
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$10.3M
2
Morgan Stanley
Morgan Stanley
New York
+$8.53M
3
GC
Guggenheim Capital
Illinois
+$6.43M
4
Wells Fargo
Wells Fargo
California
+$4.03M
5
SW
SteelPeak Wealth
California
+$577K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$2.05M
2
G
GenTrust
Florida
-$1.45M
3
LCM
Landscape Capital Management
New Jersey
-$881K
4
AIC
Ameritas Investment Company
Nebraska
-$761K
5
AA
AQR Arbitrage
Connecticut
-$688K
Name Holding Trade Value Shares
Change 		Change in
Stake
GIM
76
Grassi Investment Management
California
$214K +$209K +15,000 New
AA
77
AQR Arbitrage
Connecticut
$204K -$688K -49,385 -78%
Cambridge Investment Research Advisors
78
Cambridge Investment Research Advisors
Iowa
$204K -$12.5K -900 -6%
Mercer Global Advisors
79
Mercer Global Advisors
Colorado
$202K -$153 -11 -0.1%
Creative Planning
80
Creative Planning
Kansas
$191K +$30.3K +2,173 +19%
VIM
81
Vista Investment Management
Pennsylvania
$175K – – –
Stifel Financial
82
Stifel Financial
Missouri
$173K -$133K -9,575 -44%
WAP
83
Wealthcare Advisory Partners
Pennsylvania
$173K -$125K -9,000 -43%
NL
84
NWAM LLC
Washington
$158K – – –
RTC
85
Riverview Trust Company
Washington
$151K – – –
ACI
86
Alpha Cubed Investments
California
$143K – – –
MCM
87
Manchester Capital Management
Vermont
$143K – – –
SFS
88
Sowell Financial Services
Arkansas
$132K – – –
SPIA
89
Steward Partners Investment Advisory
New York
$93K +$9.75K +700 +12%
Citigroup
90
Citigroup
New York
$72K +$306 +22 +0.4%
Carson Wealth (CWM LLC)
91
Carson Wealth (CWM LLC)
Nebraska
$66K – – –
WCG
92
Weaver Consulting Group
California
$55K +$5.57K +400 +12%
GWM
93
Geneos Wealth Management
Colorado
$53K – – –
RIM
94
Rockbridge Investment Management
New York
$49K +$47.4K +3,404 New
KPW
95
Kore Private Wealth
New York
$48K – – –
AF
96
Allworth Financial
California
$40K – – –
MA
97
MUFG Americas
New York
$37K – – –
MAWCM
98
Mine & Arao Wealth Creation & Management
California
$29K – – –
CAN
99
Cetera Advisor Networks
California
$19K +$19K +1,366 New
PNC Financial Services Group
100
PNC Financial Services Group
Pennsylvania
$11K – – –
1 2 3
4
5

NAC Hedge Fund Activity: Q2 2020 in Review

104 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2020, worth a combined $258M — up 14% from $227M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of NAC and 8 opened new positions — a net loss of 5 holders — while 36 trimmed existing stakes and 33 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $10.3M. The largest seller was Bank of America, cutting an estimated $2.05M.

  • 104 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2020, down from 109 in Q1 2020.
  • Funds reported $258M of Nuveen California Quality Municipal Income Fund stock for Q2 2020, up 14% quarter-over-quarter.
  • 8 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2020 and 13 closed out, a net change of -5 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $10.3M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2020 was Bank of America, an estimated $2.05M sold.

Based on aggregated 13F filings for Q2 2020.