Nuveen California Quality Municipal Income Fund
117 hedge funds and large institutions have $298M invested in Nuveen California Quality Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 27 reducing their positions, and 18 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 27
20% more capital invested
Capital invested by funds: $249M → $298M (+$49.7M)
11% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 18
3.24% more ownership
Funds ownership: 15.52% → 18.76% (+3.2%)
0% more funds holding
Funds holding: 117 → 117 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$25M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$24.7M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
+$8.42M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.67M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$2.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$8.69M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$5.49M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.26M |
| 4 |
PCIA
Prime Capital Investment Advisors
Overland Park,
Kansas
|
-$1.22M |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.1M |
NAC Hedge Fund Activity: Q1 2023 in Review
117 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2023, worth a combined $298M — up 20% from $249M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new NAC positions and 18 closed out — a net gain of 2 holders — while 40 added to existing stakes and 27 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $25M. The largest seller was Guggenheim Capital, cutting an estimated $8.69M.
- 117 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2023, unchanged from Q4 2022.
- Funds reported $298M of Nuveen California Quality Municipal Income Fund stock for Q1 2023, up 20% quarter-over-quarter.
- 20 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2023 and 18 closed out, a net change of +2 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2023 was Saba Capital Management, an estimated $25M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q1 2023 was Guggenheim Capital, an estimated $8.69M sold.
Based on aggregated 13F filings for Q1 2023.