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Nuveen California Quality Municipal Income Fund
NAC

120 hedge funds and large institutions have $339M invested in Nuveen California Quality Municipal Income Fund in 2024 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 56 increasing their positions, 21 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 21

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

1% more funds holding

Funds holding: 119 → 120 (+1)

5.27% less ownership

Funds ownership: 25.2% → 19.93% (-5.3%)

19% less capital invested

Capital invested by funds: $420M → $339M (-$81.4M)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
120
Holders Change
+1
Holders Change %
+0.84%
% of All Funds
1.72%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
12
Increased
56
Reduced
21
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$3.71M
2
IAIM
International Assets Investment Management
Florida
+$3.52M
3
GC
Guggenheim Capital
Illinois
+$2.71M
4
UBS Group
UBS Group
Switzerland
+$2.5M
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$2.01M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$57.1M
2
KIM
Karpus Investment Management
New York
-$24.2M
3
RCM
Rivernorth Capital Management
Florida
-$9.52M
4
PCM
Penserra Capital Management
California
-$8.74M
5
LSC
Logan Stone Capital
Illinois
-$6.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
NMC
76
Nine Masts Capital
Hong Kong
$243K -$1.04M -88,723 -81%
BAG
77
Bridgewealth Advisory Group
California
$241K +$237K +20,243 New
FAT
78
First American Trust
California
$226K – – –
RCM
79
RB Capital Management
Nevada
$222K +$3.36K +287 +2%
PFA
80
Pure Financial Advisors
California
$216K +$2.59K +221 +1%
Wealth Enhancement Advisory Services
81
Wealth Enhancement Advisory Services
Minnesota
$215K +$212K +18,058 New
NIWA
82
New Insight Wealth Advisors
California
$215K – – –
EWA
83
EP Wealth Advisors
California
$209K +$27.5K +2,344 +15%
NW
84
NewEdge Wealth
Pennsylvania
$208K +$205K +17,500 New
IC
85
IEQ Capital
California
$200K +$2.9K +247 +1%
Osaic Holdings
86
Osaic Holdings
Arizona
$194K -$498K -42,489 -72%
PWM
87
Perigon Wealth Management
California
$180K – – –
WWM
88
Western Wealth Management
Colorado
$179K – – –
CIA
89
Choate Investment Advisors
Massachusetts
$178K – – –
WCG
90
Weaver Consulting Group
California
$178K – – –
GIM
91
Grassi Investment Management
California
$178K – – –
CA
92
Clearstead Advisors
Ohio
$177K +$174K +14,857 New
ACI
93
Alpha Cubed Investments
California
$171K – – –
PA
94
Parallel Advisors
California
$164K – – –
PIA
95
Perennial Investment Advisors
California
$131K +$234 +20 +0.2%
MFIM
96
Mesirow Financial Investment Management
Illinois
$130K +$2.4K +205 +2%
FA
97
Fermata Advisors
California
$130K – – –
CW
98
CreativeOne Wealth
Kansas
$128K +$127K +10,804 New
RTC
99
Riverview Trust Company
Washington
$126K – – –
SA
100
Strategic Advocates
Utah
$124K – – –
2 3
4
5 6

NAC Hedge Fund Activity: Q3 2024 in Review

120 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2024, worth a combined $339M — down 19% from $420M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new NAC positions and 11 closed out — a net gain of 1 holder — while 56 added to existing stakes and 21 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $3.71M. The largest seller was Saba Capital Management, cutting an estimated $57.1M.

  • 120 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2024, up from 119 in Q2 2024.
  • Funds reported $339M of Nuveen California Quality Municipal Income Fund stock for Q3 2024, down 19% quarter-over-quarter.
  • 12 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2024 and 11 closed out, a net change of +1 holder.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2024 was Morgan Stanley, an estimated $3.71M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q3 2024 was Saba Capital Management, an estimated $57.1M sold.

Based on aggregated 13F filings for Q3 2024.