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Nuveen California Quality Municipal Income Fund
NAC

119 hedge funds and large institutions have $420M invested in Nuveen California Quality Municipal Income Fund in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 44 increasing their positions, 32 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 32

1% less capital invested

Capital invested by funds: $426M → $420M (-$5.79M)

1.54% less ownership

Funds ownership: 26.73% → 25.2% (-1.5%)

6% less funds holding

Funds holding: 127 → 119 (-8)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

43% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 14

Holders
119
Holders Change
-8
Holders Change %
-6.3%
% of All Funds
1.72%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
8
Increased
44
Reduced
32
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$18.6M
2
WA
Whitebox Advisors
Minnesota
+$8.26M
3
UBS Group
UBS Group
Switzerland
+$1.86M
4
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$1.5M
5
GC
Guggenheim Capital
Illinois
+$1.16M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$12M
2
LSC
Logan Stone Capital
Illinois
-$10.7M
3
KIM
Karpus Investment Management
New York
-$10.5M
4
RCM
Rivernorth Capital Management
Florida
-$9.68M
5
AA
AQR Arbitrage
Connecticut
-$3.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
FAT
76
First American Trust
California
$219K – – –
HF
77
HRT Financial
New York
$219K +$67.1K +6,075 +47%
RCM
78
RB Capital Management
Nevada
$212K +$2.5K +226 +1%
NIWA
79
New Insight Wealth Advisors
California
$208K – – –
PFA
80
Pure Financial Advisors
California
$207K – – –
IC
81
IEQ Capital
California
$191K +$1.91K +173 +1%
Fidelity Investments
82
Fidelity Investments
Massachusetts
$184K +$177K +15,990 New
RJFSA
83
Raymond James Financial Services Advisors
Florida
$178K -$78.5K -7,109 -32%
EWA
84
EP Wealth Advisors
California
$175K +$14.2K +1,281 +9%
PWM
85
Perigon Wealth Management
California
$175K – – –
WWM
86
Western Wealth Management
Colorado
$174K – – –
GIM
87
Grassi Investment Management
California
$173K – – –
CIA
88
Choate Investment Advisors
Massachusetts
$173K – – –
WCG
89
Weaver Consulting Group
California
$173K – – –
ACI
90
Alpha Cubed Investments
California
$166K – – –
Corient Private Wealth
91
Corient Private Wealth
Florida
$160K +$153K +13,890 New
PA
92
Parallel Advisors
California
$159K – – –
XT
93
XTX Topco
Cayman Islands
$145K +$139K +12,540 New
GKWIM
94
Gerber Kawasaki Wealth & Investment Management
California
$140K +$9.13K +826 +7%
PIA
95
Perennial Investment Advisors
California
$127K – – –
BBPWM
96
Blue Bell Private Wealth Management
Pennsylvania
$126K +$39.4K +3,569 +49%
FA
97
Fermata Advisors
California
$126K – – –
MFIM
98
Mesirow Financial Investment Management
Illinois
$123K +$1.57K +142 +1%
RTC
99
Riverview Trust Company
Washington
$122K – – –
SA
100
Strategic Advocates
Utah
$120K – – –
2 3
4
5 6

NAC Hedge Fund Activity: Q2 2024 in Review

119 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2024, worth a combined $420M — down 1.4% from $426M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of NAC and 8 opened new positions — a net loss of 6 holders — while 32 trimmed existing stakes and 44 added.

The largest buyer was Mackay Shields LLC, adding an estimated $18.6M. The largest seller was Saba Capital Management, cutting an estimated $12M.

  • 119 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2024, down from 127 in Q1 2024.
  • Funds reported $420M of Nuveen California Quality Municipal Income Fund stock for Q2 2024, down 1.4% quarter-over-quarter.
  • 8 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2024 and 14 closed out, a net change of -6 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2024 was Mackay Shields LLC, an estimated $18.6M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2024 was Saba Capital Management, an estimated $12M sold.

Based on aggregated 13F filings for Q2 2024.