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Nuveen California Quality Municipal Income Fund
NAC

108 hedge funds and large institutions have $259M invested in Nuveen California Quality Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 40 increasing their positions, 27 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

48% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 27

4% more funds holding

Funds holding: 104 → 108 (+4)

0% more capital invested

Capital invested by funds: $258M → $259M (+$872K)

0.21% less ownership

Funds ownership: 12.49% → 12.28% (-0.21%)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
108
Holders Change
+4
Holders Change %
+3.85%
% of All Funds
2.18%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
9
Increased
40
Reduced
27
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MMA
Miracle Mile Advisors
California
+$5.03M
2
UBS Group
UBS Group
Switzerland
+$2.87M
3
PWSG
Pacific Wealth Strategies Group
California
+$1.59M
4
Wells Fargo
Wells Fargo
California
+$1.29M
5
RCM
Robinson Capital Management
Michigan
+$726K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$8.74M
2
SIA
Sit Investment Associates
Minnesota
-$3.65M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.56M
4
JP Morgan Chase
JP Morgan Chase
New York
-$764K
5
GC
Guggenheim Capital
Illinois
-$756K
Name Holding Trade Value Shares
Change 		Change in
Stake
WIA
76
World Investment Advisors
California
$270K – – –
US Bancorp
77
US Bancorp
Minnesota
$259K – – –
WA
78
Winfield Associates
Ohio
$245K +$7.33K +500 +3%
Mercer Global Advisors
79
Mercer Global Advisors
Colorado
$234K +$28.3K +1,932 +14%
TIM
80
Tortoise Investment Management
New York
$233K – – –
MIAN
81
Mariner Independent Advisor Network
Kansas
$227K -$350K -23,887 -61%
GIM
82
Grassi Investment Management
California
$218K – – –
MBTD
83
Mechanics Bank - Trust Department
California
$218K – – –
Cambridge Investment Research Advisors
84
Cambridge Investment Research Advisors
Iowa
$204K -$4.46K -304 -2%
VIM
85
Vista Investment Management
Pennsylvania
$201K +$22K +1,500 +12%
WAP
86
Wealthcare Advisory Partners
Pennsylvania
$177K – – –
NL
87
NWAM LLC
Washington
$162K – – –
RTC
88
Riverview Trust Company
Washington
$155K – – –
KAS
89
Kestra Advisory Services
Texas
$153K +$155K +10,534 New
IGGA
90
Iron Gate Global Advisors
Utah
$152K +$153K +10,422 New
Creative Planning
91
Creative Planning
Kansas
$147K -$48.1K -3,281 -24%
ACI
92
Alpha Cubed Investments
California
$146K – – –
SPIA
93
Steward Partners Investment Advisory
New York
$97K +$1.47K +100 +2%
WCG
94
Weaver Consulting Group
California
$92K +$36.7K +2,500 +65%
MCM
95
Manchester Capital Management
Vermont
$87K -$58.7K -4,000 -40%
SFS
96
Sowell Financial Services
Arkansas
$87K -$48.4K -3,299 -36%
Citigroup
97
Citigroup
New York
$73K +$308 +21 +0.4%
Carson Wealth (CWM LLC)
98
Carson Wealth (CWM LLC)
Nebraska
$66K – – –
GWM
99
Geneos Wealth Management
Colorado
$54K – – –
RIM
100
Rockbridge Investment Management
New York
$50K – – –
1 2 3
4
5

NAC Hedge Fund Activity: Q3 2020 in Review

108 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2020, worth a combined $259M — up 0.34% from $258M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new NAC positions and 5 closed out — a net gain of 4 holders — while 40 added to existing stakes and 27 trimmed.

The largest buyer was Miracle Mile Advisors, opening a new position worth an estimated $5.03M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.74M.

  • 108 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2020, up from 104 in Q2 2020.
  • Funds reported $259M of Nuveen California Quality Municipal Income Fund stock for Q3 2020, up 0.34% quarter-over-quarter.
  • 9 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2020 and 5 closed out, a net change of +4 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2020 was Miracle Mile Advisors, an estimated $5.03M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q3 2020 was Rivernorth Capital Management, an estimated $8.74M sold.

Based on aggregated 13F filings for Q3 2020.