Nuveen California Quality Municipal Income Fund
119 hedge funds and large institutions have $420M invested in Nuveen California Quality Municipal Income Fund in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 44 increasing their positions, 32 reducing their positions, and 14 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 32
1% less capital invested
Capital invested by funds: $426M → $420M (-$5.79M)
1.54% less ownership
Funds ownership: 26.73% → 25.2% (-1.5%)
6% less funds holding
Funds holding: 127 → 119 (-8)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$18.6M |
| 2 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$8.26M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.86M |
| 4 |
Rockefeller Capital Management
New York
|
+$1.5M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$12M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$10.7M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.5M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.68M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$3.95M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWA
126
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$253K | -26,120 | Closed |
|
|
OWP
127
Obermeyer Wealth Partners
Aspen,
Colorado
| – | -$250K | -22,678 | Closed |
|
128
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$198K | -17,975 | Closed |
|
|
WAM
129
Wolverine Asset Management
Chicago,
Illinois
| – | -$147K | -13,339 | Closed |
|
|
HWP
130
Highline Wealth Partners
Sherman Oaks,
California
| – | -$57.6K | -5,227 | Closed |
|
131
JP Morgan Chase
New York
| – | -$27.9K | -2,535 | Closed |
|
|
FIA
132
FNY Investment Advisers
New York
| – | -$22 | -2,000 | Closed |
|
|
CCMI
133
Creative Capital Management Investments
San Diego,
California
| – | -$14.6K | -1,326 | Closed |
|
NAC Hedge Fund Activity: Q2 2024 in Review
119 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2024, worth a combined $420M — down 1.4% from $426M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NAC and 8 opened new positions — a net loss of 6 holders — while 32 trimmed existing stakes and 44 added.
The largest buyer was Mackay Shields LLC, adding an estimated $18.6M. The largest seller was Saba Capital Management, cutting an estimated $12M.
- 119 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2024, down from 127 in Q1 2024.
- Funds reported $420M of Nuveen California Quality Municipal Income Fund stock for Q2 2024, down 1.4% quarter-over-quarter.
- 8 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2024 and 14 closed out, a net change of -6 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2024 was Mackay Shields LLC, an estimated $18.6M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q2 2024 was Saba Capital Management, an estimated $12M sold.
Based on aggregated 13F filings for Q2 2024.