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Nuveen California Quality Municipal Income Fund
NAC

117 hedge funds and large institutions have $249M invested in Nuveen California Quality Municipal Income Fund in 2022 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 24 increasing their positions, 37 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

106% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 16

17% more capital invested

Capital invested by funds: $212M → $249M (+$36.5M)

13% more funds holding

Funds holding: 104 → 117 (+13)

2.2% more ownership

Funds ownership: 13.32% → 15.52% (+2.2%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

35% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 37

Holders
117
Holders Change
+13
Holders Change %
+12.5%
% of All Funds
1.88%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
33
Increased
24
Reduced
37
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$26M
2
KIM
Karpus Investment Management
New York
+$10.1M
3
Mariner
Mariner
Kansas
+$7.41M
4
LSC
Logan Stone Capital
Illinois
+$5.4M
5
WAM
Weiss Asset Management
Massachusetts
+$2.21M

Top Sellers

Rank Fund Capital Flow
1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$4.27M
2
Morgan Stanley
Morgan Stanley
New York
-$3.78M
3
RCG
Regatta Capital Group
California
-$3.77M
4
PWSG
Pacific Wealth Strategies Group
California
-$2.06M
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$1.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
STA
126
Summit Trail Advisors
New York
– -$144K -13,033 Closed
OWA
127
Octavia Wealth Advisors
Ohio
– -$140K -12,661 Closed
IGGA
128
Iron Gate Global Advisors
Utah
– -$114K -10,422 Closed
WWMSC
129
Wagner Wealth Management (South Carolina)
South Carolina
– -$27K -2,440 Closed
MAWCM
130
Mine & Arao Wealth Creation & Management
California
– -$22K -2,033 Closed
UB
131
UMB Bank
Missouri
– -$22K -2,025 Closed
FIA
132
FNY Investment Advisers
New York
– -$21K -2,000 Closed
HGERS
133
Householder Group Estate & Retirement Specialist
Arizona
– -$20K -1,841 Closed
2 3 4 5
6

NAC Hedge Fund Activity: Q4 2022 in Review

117 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2022, worth a combined $249M — up 17% from $212M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new NAC positions and 16 closed out — a net gain of 17 holders — while 24 added to existing stakes and 37 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $26M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $4.27M sold.

  • 117 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2022, up from 104 in Q3 2022.
  • Funds reported $249M of Nuveen California Quality Municipal Income Fund stock for Q4 2022, up 17% quarter-over-quarter.
  • 33 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2022 and 16 closed out, a net change of +17 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $26M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q4 2022 was Fiera Capital (Canada), an estimated $4.27M sold.

Based on aggregated 13F filings for Q4 2022.