Nuveen California Quality Municipal Income Fund
90 hedge funds and large institutions have $153M invested in Nuveen California Quality Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 31 increasing their positions, 25 reducing their positions, and 12 closing their positions.
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
24% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 25
3% more funds holding
Funds holding: 87 → 90 (+3)
4% more capital invested
Capital invested by funds: $148M → $153M (+$5.69M)
0.38% more ownership
Funds ownership: 7.55% → 7.93% (+0.38%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$4.41M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.18M |
| 3 |
WT
Whittier Trust
South Pasadena,
California
|
+$1.84M |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
+$1.76M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$5.16M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.36M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.77M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.31M |
| 5 |
SG Americas Securities
New York
|
-$1.09M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DA
101
Doliver Advisors
Houston,
Texas
| – | -$199K | -14,863 | Closed |
|
|
FAT
102
First American Trust
Santa Ana,
California
| – | -$180K | -13,471 | Closed |
|
|
GKWIM
103
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
| – | -$151K | -11,300 | Closed |
|
104
SEI Investments
Oaks,
Pennsylvania
| – | -$51K | -3,832 | Closed |
|
105
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$2K | -162 | Closed |
|
106
Fidelity Investments
Boston,
Massachusetts
| – | +$13 | +1 | New |
|
NAC Hedge Fund Activity: Q3 2018 in Review
90 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2018, worth a combined $153M — up 3.8% from $148M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NAC positions and 12 closed out — a net gain of 3 holders — while 31 added to existing stakes and 25 trimmed.
The largest buyer was UBS Group, adding an estimated $4.41M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $5.16M sold.
- 90 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2018, up from 87 in Q2 2018.
- Funds reported $153M of Nuveen California Quality Municipal Income Fund stock for Q3 2018, up 3.8% quarter-over-quarter.
- 15 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2018 and 12 closed out, a net change of +3 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2018 was UBS Group, an estimated $4.41M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q3 2018 was Laurion Capital Management, an estimated $5.16M sold.
Based on aggregated 13F filings for Q3 2018.