Nuveen California Quality Municipal Income Fund
108 hedge funds and large institutions have $259M invested in Nuveen California Quality Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 40 increasing their positions, 27 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
48% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 27
4% more funds holding
Funds holding: 104 → 108 (+4)
0% more capital invested
Capital invested by funds: $258M → $259M (+$872K)
0.21% less ownership
Funds ownership: 12.49% → 12.28% (-0.21%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$5.03M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.87M |
| 3 |
PWSG
Pacific Wealth Strategies Group
Santa Barbara,
California
|
+$1.59M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.29M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$726K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.74M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.65M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.56M |
| 4 |
JP Morgan Chase
New York
|
-$764K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$756K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
101
Allworth Financial
Folsom,
California
| $41K | – | – | – |
|
|
PFS
102
Prospera Financial Services
Dallas,
Texas
| $36K | +$36.1K | +2,463 | New |
|
|
PS
103
Planned Solutions
Folsom,
California
| $30K | +$29.8K | +2,032 | New |
|
|
MAWCM
104
Mine & Arao Wealth Creation & Management
Campbell,
California
| $29K | – | – | – |
|
|
NFG
105
Next Financial Group
Houston,
Texas
| $22K | +$22K | +1,500 | New |
|
|
DI
106
Disciplined Investments
Tulsa,
Oklahoma
| $11K | – | – | – |
|
|
AIP
107
Ameritas Investment Partners
Lincoln,
Nebraska
| $10K | – | – | – |
|
|
ETI
108
Enterprise Trust & Investment
Los Gatos,
California
| $6K | – | – | – |
|
|
AA
109
AQR Arbitrage
Greenwich,
Connecticut
| – | -$204K | -14,275 | Closed |
|
|
KPW
110
Kore Private Wealth
New York
| – | -$48K | -3,405 | Closed |
|
|
CAN
111
Cetera Advisor Networks
El Segundo,
California
| – | -$19K | -1,366 | Closed |
|
112
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$11K | -800 | Closed |
|
|
LWS
113
Lucia Wealth Services
San Diego,
California
| – | -$3K | -205 | Closed |
|
NAC Hedge Fund Activity: Q3 2020 in Review
108 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2020, worth a combined $259M — up 0.34% from $258M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NAC positions and 5 closed out — a net gain of 4 holders — while 40 added to existing stakes and 27 trimmed.
The largest buyer was Miracle Mile Advisors, opening a new position worth an estimated $5.03M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.74M.
- 108 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2020, up from 104 in Q2 2020.
- Funds reported $259M of Nuveen California Quality Municipal Income Fund stock for Q3 2020, up 0.34% quarter-over-quarter.
- 9 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2020 and 5 closed out, a net change of +4 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2020 was Miracle Mile Advisors, an estimated $5.03M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q3 2020 was Rivernorth Capital Management, an estimated $8.74M sold.
Based on aggregated 13F filings for Q3 2020.