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Nuveen California Quality Municipal Income Fund
NAC

114 hedge funds and large institutions have $284M invested in Nuveen California Quality Municipal Income Fund in 2021 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 38 increasing their positions, 27 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 27

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

9% more capital invested

Capital invested by funds: $260M → $284M (+$24.2M)

0.31% more ownership

Funds ownership: 12.09% → 12.4% (+0.31%)

0% more funds holding

Funds holding: 114 → 114 (0)

Holders
114
Holders Change
–
Holders Change %
0%
% of All Funds
1.98%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.07%
New
10
Increased
38
Reduced
27
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$6.04M
2
UBS Group
UBS Group
Switzerland
+$1.03M
3
AIC
Ameritas Investment Company
Nebraska
+$1.01M
4
TFO
Tarbox Family Office
California
+$852K
5
WS
Wedbush Securities
California
+$812K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$2.4M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.13M
3
Wells Fargo
Wells Fargo
California
-$1.1M
4
FFA
First Foundation Advisors
California
-$924K
5
Invesco
Invesco
Georgia
-$441K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
76
Sit Investment Associates
Minnesota
$325K – – –
RPCA
77
Running Point Capital Advisors
California
$317K +$15.4K +1,000 +5%
WWM
78
Western Wealth Management
Colorado
$303K +$293K +19,042 New
WIA
79
World Investment Advisors
California
$294K – – –
Mercer Global Advisors
80
Mercer Global Advisors
Colorado
$254K – – –
PFA
81
Pure Financial Advisors
California
$248K +$63.7K +4,141 +36%
UCFA
82
United Capital Financial Advisors
Texas
$239K -$53.8K -3,500 -19%
GIM
83
Grassi Investment Management
California
$238K – – –
MBTD
84
Mechanics Bank - Trust Department
California
$238K – – –
VIM
85
Vista Investment Management
Pennsylvania
$218K – – –
TIM
86
Tortoise Investment Management
New York
$214K -$38.4K -2,500 -16%
Northwestern Mutual Wealth Management
87
Northwestern Mutual Wealth Management
Wisconsin
$204K -$4.41K -287 -2%
MMA
88
Miracle Mile Advisors
California
$198K – – –
IC
89
Intersect Capital
California
$197K – – –
WAP
90
Wealthcare Advisory Partners
Pennsylvania
$192K – – –
CAN
91
Cetera Advisor Networks
California
$187K +$181K +11,801 New
IC
92
IEQ Capital
California
$186K -$75.6K -4,920 -30%
WA
93
Winfield Associates
Ohio
$171K – – –
RTC
94
Riverview Trust Company
Washington
$168K – – –
ACI
95
Alpha Cubed Investments
California
$159K – – –
SPIA
96
Steward Partners Investment Advisory
New York
$128K +$21.5K +1,400 +21%
FFG
97
Ford Financial Group
California
$120K +$117K +7,591 New
AF
98
Allworth Financial
California
$101K +$55.5K +3,607 +129%
MCM
99
Manchester Capital Management
Vermont
$95K – – –
Citigroup
100
Citigroup
New York
$81K +$338 +22 +0.4%
1 2 3
4
5

NAC Hedge Fund Activity: Q2 2021 in Review

114 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2021, worth a combined $284M — up 9.3% from $260M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new NAC positions and 9 closed out — a net gain of 1 holder — while 38 added to existing stakes and 27 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $6.04M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2.4M sold.

  • 114 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2021, unchanged from Q1 2021.
  • Funds reported $284M of Nuveen California Quality Municipal Income Fund stock for Q2 2021, up 9.3% quarter-over-quarter.
  • 10 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2021 and 9 closed out, a net change of +1 holder.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2021 was Rivernorth Capital Management, an estimated $6.04M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2021 was Robinson Capital Management, an estimated $2.4M sold.

Based on aggregated 13F filings for Q2 2021.