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Nuveen California Quality Municipal Income Fund
NAC

107 hedge funds and large institutions have $236M invested in Nuveen California Quality Municipal Income Fund in 2022 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 32 increasing their positions, 33 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.14% more ownership

Funds ownership: 13.09% → 13.23% (+0.14%)

3% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 33

5% less capital invested

Capital invested by funds: $248M → $236M (-$12.8M)

9% less funds holding

Funds holding: 118 → 107 (-11)

43% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 23

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
107
Holders Change
-11
Holders Change %
-9.32%
% of All Funds
1.8%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
13
Increased
32
Reduced
33
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MIAN
Mariner Independent Advisor Network
Kansas
+$6.94M
2
UBS Group
UBS Group
Switzerland
+$3.71M
3
RCM
Rivernorth Capital Management
Florida
+$3.09M
4
Morgan Stanley
Morgan Stanley
New York
+$2.55M
5
HPWA
Hall Private Wealth Advisors
North Carolina
+$1.66M

Top Sellers

Rank Fund Capital Flow
1
PWSG
Pacific Wealth Strategies Group
California
-$6.81M
2
DADC
D.A. Davidson & Co
Montana
-$3.6M
3
RCG
Regatta Capital Group
California
-$1.97M
4
MCA
Magnolia Capital Advisors
Mississippi
-$1.28M
5
WT
Whittier Trust
California
-$1.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
CWM
76
C2C Wealth Management
Arizona
$180K – – –
MMA
77
Miracle Mile Advisors
California
$177K +$24.9K +2,045 +17%
ACI
78
Alpha Cubed Investments
California
$177K +$53K +4,355 +44%
LC
79
Lindbrook Capital
California
$154K +$151K +12,453 New
VIM
80
Vista Investment Management
Pennsylvania
$151K -$18.2K -1,500 -11%
PFA
81
Pure Financial Advisors
California
$146K – – –
AWM
82
Axxcess Wealth Management
California
$145K – – –
H
83
HoyleCohen
California
$145K – – –
EVM
84
Eaton Vance Management
Massachusetts
$131K – – –
RTC
85
Riverview Trust Company
Washington
$131K – – –
IGGA
86
Iron Gate Global Advisors
Utah
$128K – – –
Jane Street
87
Jane Street
New York
$124K +$122K +10,031 New
MIG
88
Mariner Investment Group
New York
$123K +$122K +10,000 New
MWM
89
Meridian Wealth Management
Kentucky
$123K +$122K +10,000 New
TIM
90
Tortoise Investment Management
New York
$92K – – –
AF
91
Allworth Financial
California
$81K -$42K -3,453 -34%
Northwestern Mutual Wealth Management
92
Northwestern Mutual Wealth Management
Wisconsin
$76K -$136K -11,147 -64%
Carson Wealth (CWM LLC)
93
Carson Wealth (CWM LLC)
Nebraska
$76K – – –
CCM
94
Covington Capital Management
California
$40K -$60K -4,932 -60%
SWM
95
SeaCrest Wealth Management
New York
$40K +$39.8K +3,273 New
WWMSC
96
Wagner Wealth Management (South Carolina)
South Carolina
$30K +$29.7K +2,440 New
SPIA
97
Steward Partners Investment Advisory
New York
$28K -$77.8K -6,400 -74%
UB
98
UMB Bank
Missouri
$25K – – –
MAWCM
99
Mine & Arao Wealth Creation & Management
California
$25K +$97 +8 +0.4%
FIA
100
FNY Investment Advisers
New York
$24K – – –
2 3
4
5 6

NAC Hedge Fund Activity: Q2 2022 in Review

107 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2022, worth a combined $236M — down 5.2% from $248M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of NAC and 13 opened new positions — a net loss of 10 holders — while 33 trimmed existing stakes and 32 added.

The largest buyer was Mariner Independent Advisor Network, adding an estimated $6.94M. The largest seller was Pacific Wealth Strategies Group, cutting an estimated $6.81M.

  • 107 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2022, down from 118 in Q1 2022.
  • Funds reported $236M of Nuveen California Quality Municipal Income Fund stock for Q2 2022, down 5.2% quarter-over-quarter.
  • 13 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2022 and 23 closed out, a net change of -10 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2022 was Mariner Independent Advisor Network, an estimated $6.94M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2022 was Pacific Wealth Strategies Group, an estimated $6.81M sold.

Based on aggregated 13F filings for Q2 2022.