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Nuveen California Quality Municipal Income Fund
NAC

127 hedge funds and large institutions have $426M invested in Nuveen California Quality Municipal Income Fund in 2024 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 43 increasing their positions, 38 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 14

13% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 38

4% more funds holding

Funds holding: 122 → 127 (+5)

5% less capital invested

Capital invested by funds: $448M → $426M (-$22.1M)

1.2% less ownership

Funds ownership: 27.93% → 26.73% (-1.2%)

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
127
Holders Change
+5
Holders Change %
+4.1%
% of All Funds
1.83%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.04%
New
22
Increased
43
Reduced
38
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$5.81M
2
MSL
Mackay Shields LLC
New York
+$4.87M
3
WA
Whitebox Advisors
Minnesota
+$4.1M
4
PI
PFG Investments
New York
+$2.19M
5
NMC
Nine Masts Capital
Hong Kong
+$1.97M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$24.2M
2
BPCM
Beach Point Capital Management
California
-$15.5M
3
GC
Guggenheim Capital
Illinois
-$3.67M
4
RCM
Rivernorth Capital Management
Florida
-$2.21M
5
LCM
Landscape Capital Management
New Jersey
-$767K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
76
Stifel Financial
Missouri
$258K -$25.6K -2,324 -9%
BRWA
77
B. Riley Wealth Advisors
Florida
$253K – – –
AAS
78
Ameritas Advisory Services
Nebraska
$253K +$252K +22,941 New
OWP
79
Obermeyer Wealth Partners
Colorado
$250K -$345K -31,330 -58%
RJFSA
80
Raymond James Financial Services Advisors
Florida
$248K +$53.4K +4,849 +27%
MA
81
MKT Advisors
California
$248K – – –
Nomura Holdings
82
Nomura Holdings
Japan
$232K +$93K +8,450 +67%
US Bancorp
83
US Bancorp
Minnesota
$228K -$9.77K -888 -4%
FAT
84
First American Trust
California
$209K – – –
CA
85
Cetera Advisors
Colorado
$206K +$205K +18,665 New
RCM
86
RB Capital Management
Nevada
$200K -$26.2K -2,379 -12%
NIWA
87
New Insight Wealth Advisors
California
$199K -$5.5K -500 -3%
Deutsche Bank
88
Deutsche Bank
Germany
$198K +$198K +17,975 New
PFA
89
Pure Financial Advisors
California
$198K +$2.27K +206 +1%
WTC
90
WhitTier Trust Company
Nevada
$186K – – –
IC
91
IEQ Capital
California
$181K +$1.11K +101 +0.6%
OC
92
Oppenheimer & Co
New York
$177K +$19K +1,727 +12%
PWM
93
Perigon Wealth Management
California
$167K -$15.1K -1,370 -8%
WWM
94
Western Wealth Management
Colorado
$166K – – –
CIA
95
Choate Investment Advisors
Massachusetts
$165K -$60.5K -5,500 -27%
WCG
96
Weaver Consulting Group
California
$165K -$38.5K -3,500 -19%
GIM
97
Grassi Investment Management
California
$165K – – –
ACI
98
Alpha Cubed Investments
California
$158K – – –
EWA
99
EP Wealth Advisors
California
$153K -$22.9K -2,083 -13%
PA
100
Parallel Advisors
California
$152K – – –
2 3
4
5 6

NAC Hedge Fund Activity: Q1 2024 in Review

127 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2024, worth a combined $426M — down 4.9% from $448M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new NAC positions and 14 closed out — a net gain of 8 holders — while 43 added to existing stakes and 38 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $5.81M. The largest seller was Morgan Stanley, cutting an estimated $24.2M.

  • 127 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2024, up from 122 in Q4 2023.
  • Funds reported $426M of Nuveen California Quality Municipal Income Fund stock for Q1 2024, down 4.9% quarter-over-quarter.
  • 22 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2024 and 14 closed out, a net change of +8 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2024 was Saba Capital Management, an estimated $5.81M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $24.2M sold.

Based on aggregated 13F filings for Q1 2024.