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Nuveen California Quality Municipal Income Fund
NAC

111 hedge funds and large institutions have $344M invested in Nuveen California Quality Municipal Income Fund in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 40 increasing their positions, 29 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 29

15% more capital invested

Capital invested by funds: $298M → $344M (+$45.7M)

3.01% more ownership

Funds ownership: 18.76% → 21.77% (+3%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

5% less funds holding

Funds holding: 117 → 111 (-6)

33% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 15

Holders
111
Holders Change
-6
Holders Change %
-5.13%
% of All Funds
1.74%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
40
Reduced
29
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$20.1M
2
KIM
Karpus Investment Management
New York
+$11.4M
3
RCM
Rivernorth Capital Management
Florida
+$11.1M
4
BPCM
Beach Point Capital Management
California
+$4.09M
5
LSC
Logan Stone Capital
Illinois
+$3.3M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$2.76M
2
Wells Fargo
Wells Fargo
California
-$2.22M
3
WT
Whittier Trust
California
-$1.54M
4
UBS Group
UBS Group
Switzerland
-$921K
5
RCG
Regatta Capital Group
California
-$676K
Name Holding Trade Value Shares
Change 		Change in
Stake
FIA
101
FNY Investment Advisers
New York
$21K – – –
BAAM
102
Baker Avenue Asset Management
California
$18.1K – – –
Northwestern Mutual Wealth Management
103
Northwestern Mutual Wealth Management
Wisconsin
$17.7K +$2.33K +216 +15%
SPIA
104
Steward Partners Investment Advisory
New York
$16.4K – – –
CAL
105
Capital Analysts LLC
Pennsylvania
$16K +$151 +14 +1%
MM
106
Main Management
California
$16K +$16.2K +1,500 New
CCP
107
Carmel Capital Partners
California
$15.8K – – –
SWA
108
SOA Wealth Advisors
New York
$9.18K +$86 +8 +1%
DWMG
109
DB Wealth Management Group
California
$5.21K – – –
FFA
110
Farther Finance Advisors
California
$4.85K +$4.79K +444 New
NSG
111
Nalls Sherbakoff Group
Tennessee
$2.15K – – –
DWM
112
Destination Wealth Management
California
– -$368K -33,449 Closed
Walleye Capital
113
Walleye Capital
New York
– -$289K -26,231 Closed
AAS
114
Ameritas Advisory Services
Nebraska
– -$251K -23,219 Closed
BG
115
Benedetti & Gucer
Georgia
– -$208K -18,871 Closed
Citadel Advisors
116
Citadel Advisors
Florida
– -$155K -14,057 Closed
ACA
117
Ackerman Capital Advisors
Texas
– -$154K -13,983 Closed
AC
118
Almitas Capital
California
– -$150K -13,600 Closed
TF
119
TIAA FSB
Florida
– -$146K -13,265 Closed
VIM
120
Vista Investment Management
Pennsylvania
– -$135K -12,282 Closed
XT
121
XTX Topco
Cayman Islands
– -$132K -12,002 Closed
SFS
122
Sowell Financial Services
Arkansas
– -$131K -11,939 Closed
MMA
123
Miracle Mile Advisors
California
– -$126K -11,400 Closed
Jane Street
124
Jane Street
New York
– -$119K -10,842 Closed
Nomura Holdings
125
Nomura Holdings
Japan
– -$110K -10,000 Closed
2 3 4
5
6

NAC Hedge Fund Activity: Q2 2023 in Review

111 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2023, worth a combined $344M — up 15% from $298M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of NAC and 10 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 40 added.

The largest buyer was Saba Capital Management, adding an estimated $20.1M. The largest seller was Guggenheim Capital, cutting an estimated $2.76M.

  • 111 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2023, down from 117 in Q1 2023.
  • Funds reported $344M of Nuveen California Quality Municipal Income Fund stock for Q2 2023, up 15% quarter-over-quarter.
  • 10 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2023 and 15 closed out, a net change of -5 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2023 was Saba Capital Management, an estimated $20.1M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2023 was Guggenheim Capital, an estimated $2.76M sold.

Based on aggregated 13F filings for Q2 2023.