Nuveen California Quality Municipal Income Fund
104 hedge funds and large institutions have $208M invested in Nuveen California Quality Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 26 increasing their positions, 28 reducing their positions, and 7 closing their positions.
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
11% more capital invested
Capital invested by funds: $187M → $208M (+$21.4M)
11% more funds holding
Funds holding: 94 → 104 (+10)
0.42% more ownership
Funds ownership: 9.23% → 9.65% (+0.42%)
7% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
+$5.69M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.58M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.12M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$952K |
| 5 |
Morgan Stanley
New York
|
+$908K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$6.18M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.66M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.89M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.58M |
| 5 |
LWAC
Laurel Wealth Advisors (California)
Solana Beach,
California
|
-$1.32M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
JP Morgan Chase
New York
| $11K | -$11.4K | -768 | -50% |
|
|
AIP
102
Ameritas Investment Partners
Lincoln,
Nebraska
| $10K | +$30 | +2 | +0.3% |
|
|
ETI
103
Enterprise Trust & Investment
Los Gatos,
California
| $6K | – | – | – |
|
|
LWS
104
Lucia Wealth Services
San Diego,
California
| $3K | +$3.05K | +205 | New |
|
|
COLIM
105
City of London Investment Management
London,
United Kingdom
| – | -$1.58M | -105,585 | Closed |
|
|
DWM
106
Dakota Wealth Management
Palm Beach Gardens,
Florida
| – | -$911K | -60,750 | Closed |
|
|
AIC
107
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$425K | -28,773 | Closed |
|
|
AL
108
Aspiriant LLC
Los Angeles,
California
| – | -$229K | -15,283 | Closed |
|
|
PA
109
Parallel Advisors
San Francisco,
California
| – | -$134K | -8,914 | Closed |
|
|
QCIG
110
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$23K | -1,531 | Closed |
|
NAC Hedge Fund Activity: Q4 2019 in Review
104 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2019, worth a combined $208M — up 11% from $187M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NAC positions and 7 closed out — a net gain of 11 holders — while 26 added to existing stakes and 28 trimmed.
The largest buyer was Rockefeller Capital Management, opening a new position worth an estimated $5.69M. The largest seller was Karpus Investment Management, cutting an estimated $6.18M.
- 104 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2019, up from 94 in Q3 2019.
- Funds reported $208M of Nuveen California Quality Municipal Income Fund stock for Q4 2019, up 11% quarter-over-quarter.
- 18 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2019 and 7 closed out, a net change of +11 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2019 was Rockefeller Capital Management, an estimated $5.69M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q4 2019 was Karpus Investment Management, an estimated $6.18M sold.
Based on aggregated 13F filings for Q4 2019.