We are live on ! Find out more
NAC icon

Nuveen California Quality Municipal Income Fund
NAC

117 hedge funds and large institutions have $298M invested in Nuveen California Quality Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 27 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 27

20% more capital invested

Capital invested by funds: $249M → $298M (+$49.7M)

11% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 18

3.24% more ownership

Funds ownership: 15.52% → 18.76% (+3.2%)

0% more funds holding

Funds holding: 117 → 117 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
117
Holders Change
–
Holders Change %
0%
% of All Funds
1.86%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
20
Increased
40
Reduced
27
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$25M
2
KIM
Karpus Investment Management
New York
+$24.7M
3
PCM
Penserra Capital Management
California
+$8.42M
4
RCM
Rivernorth Capital Management
Florida
+$4.67M
5
LSC
Logan Stone Capital
Illinois
+$2.65M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$8.69M
2
UBS Group
UBS Group
Switzerland
-$5.49M
3
WAM
Weiss Asset Management
Massachusetts
-$2.26M
4
PCIA
Prime Capital Investment Advisors
Kansas
-$1.22M
5
AC
Almitas Capital
California
-$1.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
WIA
76
World Investment Advisors
California
$197K – – –
PWM
77
Perigon Wealth Management
California
$189K +$191K +17,182 New
PIA
78
Perennial Investment Advisors
California
$188K +$190K +17,112 New
PWP
79
Private Wealth Partners
California
$176K -$285K -25,658 -62%
WWM
80
Western Wealth Management
Colorado
$166K – – –
GIM
81
Grassi Investment Management
California
$165K – – –
ACI
82
Alpha Cubed Investments
California
$158K – – –
PFA
83
Pure Financial Advisors
California
$157K – – –
Citadel Advisors
84
Citadel Advisors
Florida
$155K +$15.7K +1,412 +11%
ACA
85
Ackerman Capital Advisors
Texas
$154K -$87.6K -7,885 -36%
AC
86
Almitas Capital
California
$150K -$1.1M -98,656 -88%
TF
87
TIAA FSB
Florida
$146K +$147K +13,265 New
KW
88
KWB Wealth
California
$138K +$8.99K +809 +7%
VIM
89
Vista Investment Management
Pennsylvania
$135K – – –
XT
90
XTX Topco
Cayman Islands
$132K +$133K +12,002 New
MWM
91
Melfa Wealth Management
Massachusetts
$132K – – –
SFS
92
Sowell Financial Services
Arkansas
$131K +$133K +11,939 New
AWM
93
Axxcess Wealth Management
California
$129K – – –
H
94
HoyleCohen
California
$129K – – –
EWA
95
EP Wealth Advisors
California
$127K +$127K +11,441 New
MMA
96
Miracle Mile Advisors
California
$126K -$10.1K -912 -7%
WP
97
WealthPLAN Partners
Nebraska
$122K – – –
Jane Street
98
Jane Street
New York
$119K +$121K +10,842 New
RTC
99
Riverview Trust Company
Washington
$117K – – –
RI
100
Rinkey Investments
California
$110K – – –
2 3
4
5 6

NAC Hedge Fund Activity: Q1 2023 in Review

117 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2023, worth a combined $298M — up 20% from $249M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new NAC positions and 18 closed out — a net gain of 2 holders — while 40 added to existing stakes and 27 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $25M. The largest seller was Guggenheim Capital, cutting an estimated $8.69M.

  • 117 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $298M of Nuveen California Quality Municipal Income Fund stock for Q1 2023, up 20% quarter-over-quarter.
  • 20 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2023 and 18 closed out, a net change of +2 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2023 was Saba Capital Management, an estimated $25M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q1 2023 was Guggenheim Capital, an estimated $8.69M sold.

Based on aggregated 13F filings for Q1 2023.