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Nuveen California Quality Municipal Income Fund
NAC

122 hedge funds and large institutions have $448M invested in Nuveen California Quality Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 41 increasing their positions, 34 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more capital invested

Capital invested by funds: $328M → $448M (+$120M)

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

21% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 34

16% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 19

4.45% more ownership

Funds ownership: 23.49% → 27.93% (+4.4%)

2% more funds holding

Funds holding: 120 → 122 (+2)

Holders
122
Holders Change
+2
Holders Change %
+1.67%
% of All Funds
1.78%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.07%
New
22
Increased
41
Reduced
34
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$18.4M
2
KIM
Karpus Investment Management
New York
+$16.7M
3
SCM
Saba Capital Management
New York
+$15.6M
4
BPCM
Beach Point Capital Management
California
+$5.11M
5
LSC
Logan Stone Capital
Illinois
+$3.76M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$3.29M
2
UBS Group
UBS Group
Switzerland
-$1.74M
3
WT
Whittier Trust
California
-$1.65M
4
EW
Evoke Wealth
California
-$1.41M
5
WAM
Wolverine Asset Management
Illinois
-$585K
Name Holding Trade Value Shares
Change 		Change in
Stake
WCG
76
Weaver Consulting Group
California
$205K +$20.4K +2,000 +12%
PFA
77
Pure Financial Advisors
California
$197K +$31.1K +3,056 +21%
RJFSA
78
Raymond James Financial Services Advisors
Florida
$196K +$23.5K +2,303 +15%
TJHA
79
Thomas J. Herzfeld Advisors
Florida
$191K +$175K +17,210 New
WTC
80
WhitTier Trust Company
Nevada
$187K -$118K -11,589 -41%
PWM
81
Perigon Wealth Management
California
$183K – – –
IC
82
IEQ Capital
California
$181K +$166K +16,318 New
MWM
83
Melfa Wealth Management
Massachusetts
$180K +$43.5K +4,267 +36%
EWA
84
EP Wealth Advisors
California
$178K +$20.6K +2,024 +14%
NL
85
NWAM LLC
Washington
$173K +$159K +15,630 New
WWM
86
Western Wealth Management
Colorado
$167K – – –
GIM
87
Grassi Investment Management
California
$166K – – –
BF
88
BOK Financial
Oklahoma
$161K – – –
ACI
89
Alpha Cubed Investments
California
$159K – – –
OC
90
Oppenheimer & Co
New York
$159K +$146K +14,338 New
TC
91
Truvestments Capital
Florida
$157K +$145K +14,191 New
PA
92
Parallel Advisors
California
$153K – – –
Nomura Holdings
93
Nomura Holdings
Japan
$140K +$129K +12,625 New
H
94
HoyleCohen
California
$136K -$12.3K -1,210 -9%
KWA
95
Kingswood Wealth Advisors
California
$134K +$123K +12,118 New
WIA
96
World Investment Advisors
California
$133K – – –
AWM
97
Axxcess Wealth Management
California
$131K +$336 +33 +0.3%
CIBC Private Wealth Group
98
CIBC Private Wealth Group
Georgia
$123K +$113K +11,061 New
PIA
99
Perennial Investment Advisors
California
$122K -$15.3K -1,500 -12%
FA
100
Fermata Advisors
California
$121K – – –
2 3
4
5 6

NAC Hedge Fund Activity: Q4 2023 in Review

122 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2023, worth a combined $448M — up 37% from $328M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new NAC positions and 19 closed out — a net gain of 3 holders — while 41 added to existing stakes and 34 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $18.4M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.29M.

  • 122 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2023, up from 120 in Q3 2023.
  • Funds reported $448M of Nuveen California Quality Municipal Income Fund stock for Q4 2023, up 37% quarter-over-quarter.
  • 22 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2023 and 19 closed out, a net change of +3 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $18.4M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $3.29M sold.

Based on aggregated 13F filings for Q4 2023.