Nuveen California Quality Municipal Income Fund
94 hedge funds and large institutions have $187M invested in Nuveen California Quality Municipal Income Fund in 2019 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 31 increasing their positions, 21 reducing their positions, and 8 closing their positions.
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
48% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 21
14% more capital invested
Capital invested by funds: $164M → $187M (+$22.4M)
8% more funds holding
Funds holding: 87 → 94 (+7)
0.88% more ownership
Funds ownership: 8.36% → 9.23% (+0.88%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$14.6M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.69M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.27M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.61M |
| 5 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
+$1.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.46M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.75M |
| 3 |
AA
Apriem Advisors
Irvine,
California
|
-$576K |
| 4 |
PWSG
Pacific Wealth Strategies Group
Santa Barbara,
California
|
-$396K |
| 5 |
Cohen & Steers
New York
|
-$369K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FMII
101
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$2K | -150 | Closed |
|
102
Fidelity Investments
Boston,
Massachusetts
| – | +$15 | +1 | New |
|
NAC Hedge Fund Activity: Q3 2019 in Review
94 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2019, worth a combined $187M — up 14% from $164M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new NAC positions and 8 closed out — a net gain of 8 holders — while 31 added to existing stakes and 21 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $14.6M. The largest seller was Karpus Investment Management, cutting an estimated $7.46M.
- 94 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2019, up from 87 in Q2 2019.
- Funds reported $187M of Nuveen California Quality Municipal Income Fund stock for Q3 2019, up 14% quarter-over-quarter.
- 16 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2019 and 8 closed out, a net change of +8 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2019 was Guggenheim Capital, an estimated $14.6M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q3 2019 was Karpus Investment Management, an estimated $7.46M sold.
Based on aggregated 13F filings for Q3 2019.