Nuveen California Quality Municipal Income Fund
114 hedge funds and large institutions have $284M invested in Nuveen California Quality Municipal Income Fund in 2021 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 38 increasing their positions, 27 reducing their positions, and 9 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 27
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
9% more capital invested
Capital invested by funds: $260M → $284M (+$24.2M)
0.31% more ownership
Funds ownership: 12.09% → 12.4% (+0.31%)
0% more funds holding
Funds holding: 114 → 114 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.04M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.03M |
| 3 |
AIC
Ameritas Investment Company
Lincoln,
Nebraska
|
+$1.01M |
| 4 |
TFO
Tarbox Family Office
Newport Beach,
California
|
+$852K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$812K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.4M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.13M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.1M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
-$924K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$441K |
NAC Hedge Fund Activity: Q2 2021 in Review
114 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2021, worth a combined $284M — up 9.3% from $260M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NAC positions and 9 closed out — a net gain of 1 holder — while 38 added to existing stakes and 27 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $6.04M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2.4M sold.
- 114 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2021, unchanged from Q1 2021.
- Funds reported $284M of Nuveen California Quality Municipal Income Fund stock for Q2 2021, up 9.3% quarter-over-quarter.
- 10 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2021 and 9 closed out, a net change of +1 holder.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2021 was Rivernorth Capital Management, an estimated $6.04M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q2 2021 was Robinson Capital Management, an estimated $2.4M sold.
Based on aggregated 13F filings for Q2 2021.