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Nuveen California Quality Municipal Income Fund
NAC

117 hedge funds and large institutions have $249M invested in Nuveen California Quality Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 24 increasing their positions, 37 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

106% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 16

17% more capital invested

Capital invested by funds: $212M → $249M (+$36.5M)

13% more funds holding

Funds holding: 104 → 117 (+13)

2.2% more ownership

Funds ownership: 13.32% → 15.52% (+2.2%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

35% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 37

Holders
117
Holders Change
+13
Holders Change %
+12.5%
% of All Funds
1.88%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
33
Increased
24
Reduced
37
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$26M
2
KIM
Karpus Investment Management
New York
+$10.1M
3
Mariner
Mariner
Kansas
+$7.41M
4
LSC
Logan Stone Capital
Illinois
+$5.4M
5
WAM
Weiss Asset Management
Massachusetts
+$2.21M

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$4.27M
2
Morgan Stanley
Morgan Stanley
New York
-$3.78M
3
RCG
Regatta Capital Group
California
-$3.77M
4
PWSG
Pacific Wealth Strategies Group
California
-$2.06M
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$1.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
Walleye Capital
76
Walleye Capital
New York
$224K +$219K +20,198 New
LWAC
77
Laurel Wealth Advisors (California)
California
$216K -$12.6K -1,160 -6%
PA
78
Parallel Advisors
California
$205K -$29.1K -2,685 -13%
WIA
79
World Investment Advisors
California
$198K +$194K +17,848 New
FFG
80
Ford Financial Group
California
$186K +$182K +16,791 New
NW
81
NewEdge Wealth
Pennsylvania
$184K +$30.8K +2,836 +21%
CWM
82
C2C Wealth Management
Arizona
$169K – – –
WWM
83
Western Wealth Management
Colorado
$167K -$343K -31,638 -68%
GIM
84
Grassi Investment Management
California
$166K – – –
ACI
85
Alpha Cubed Investments
California
$159K – – –
PFA
86
Pure Financial Advisors
California
$158K – – –
TIM
87
Tortoise Investment Management
New York
$151K +$148K +13,611 New
Citadel Advisors
88
Citadel Advisors
Florida
$140K +$137K +12,645 New
LC
89
Lindbrook Capital
California
$138K – – –
MMA
90
Miracle Mile Advisors
California
$136K – – –
WCG
91
Weaver Consulting Group
California
$136K -$1.51K -139 -1%
VIM
92
Vista Investment Management
Pennsylvania
$136K – – –
SCM
93
Saba Capital Management
New York
$135K +$132K +12,218 New
MWM
94
Melfa Wealth Management
Massachusetts
$133K +$130K +11,996 New
AWM
95
Axxcess Wealth Management
California
$130K – – –
H
96
HoyleCohen
California
$130K – – –
KW
97
KWB Wealth
California
$129K -$507K -46,748 -80%
WIM
98
WealthPlan Investment Management
Nebraska
$126K – – –
WP
99
WealthPLAN Partners
Nebraska
$125K +$120K +11,100 New
RTC
100
Riverview Trust Company
Washington
$117K – – –
2 3
4
5 6

NAC Hedge Fund Activity: Q4 2022 in Review

117 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2022, worth a combined $249M — up 17% from $212M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new NAC positions and 16 closed out — a net gain of 17 holders — while 24 added to existing stakes and 37 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $26M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $4.27M sold.

  • 117 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2022, up from 104 in Q3 2022.
  • Funds reported $249M of Nuveen California Quality Municipal Income Fund stock for Q4 2022, up 17% quarter-over-quarter.
  • 33 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2022 and 16 closed out, a net change of +17 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $26M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q4 2022 was Fiera Capital (Canada), an estimated $4.27M sold.

Based on aggregated 13F filings for Q4 2022.