Nuveen California Quality Municipal Income Fund
118 hedge funds and large institutions have $248M invested in Nuveen California Quality Municipal Income Fund in 2022 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 30 reducing their positions, and 20 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 30
0.84% more ownership
Funds ownership: 12.25% → 13.09% (+0.84%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 20
1% less funds holding
Funds holding: 119 → 118 (-1)
10% less capital invested
Capital invested by funds: $277M → $248M (-$28.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$4.77M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.72M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$3.46M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$3.42M |
| 5 |
SCA
Snowden Capital Advisors
New York
|
+$1.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$3.56M |
| 2 |
FFM
Forum Financial Management
Lombard,
Illinois
|
-$1.75M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.12M |
| 4 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
-$924K |
| 5 |
IFG
Independent Financial Group
San Diego,
California
|
-$575K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Invesco
Atlanta,
Georgia
| – | -$285K | -18,226 | Closed |
|
127
Jane Street
New York
| – | -$277K | -17,687 | Closed |
|
128
Millennium Management
New York
| – | -$274K | -17,506 | Closed |
|
|
SW
129
SVB Wealth
Boston,
Massachusetts
| – | -$252K | -16,089 | Closed |
|
|
TCM
130
Telos Capital Management
San Diego,
California
| – | -$230K | -14,733 | Closed |
|
|
WAP
131
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$190K | -12,134 | Closed |
|
|
GIA
132
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
| – | -$189K | -12,115 | Closed |
|
|
MM
133
Main Management
San Francisco,
California
| – | -$125K | -8,000 | Closed |
|
|
FFG
134
Ford Financial Group
Fresno,
California
| – | -$118 | -7,591 | Closed |
|
|
WWMSC
135
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| – | -$38K | -2,440 | Closed |
|
136
AssetMark Inc
Concord,
California
| – | -$17K | -1,112 | Closed |
|
|
DWMG
137
DB Wealth Management Group
San Diego,
California
| – | -$7K | -477 | Closed |
|
138
Fidelity Investments
Boston,
Massachusetts
| – | +$14 | +1 | New |
|
NAC Hedge Fund Activity: Q1 2022 in Review
118 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2022, worth a combined $248M — down 10% from $277M a quarter earlier.
Fund positioning in NAC was balanced in Q1 2022: 20 funds opened new positions, 20 closed out, 40 added to existing stakes and 30 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $4.77M. The largest seller was UBS Group, cutting an estimated $3.56M.
- 118 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2022, down from 119 in Q4 2021.
- Funds reported $248M of Nuveen California Quality Municipal Income Fund stock for Q1 2022, down 10% quarter-over-quarter.
- 20 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2022 and 20 closed out, a net change of 0 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2022 was Guggenheim Capital, an estimated $4.77M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q1 2022 was UBS Group, an estimated $3.56M sold.
Based on aggregated 13F filings for Q1 2022.