Nuveen California Quality Municipal Income Fund
124 hedge funds and large institutions have $287M invested in Nuveen California Quality Municipal Income Fund in 2024 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 50 increasing their positions, 31 reducing their positions, and 12 closing their positions.
61% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 31
50% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 12
3% more funds holding
Funds holding: 120 → 124 (+4)
2.36% less ownership
Funds ownership: 19.93% → 17.57% (-2.4%)
15% less capital invested
Capital invested by funds: $339M → $287M (-$51.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.62M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.36M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.91M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.44M |
| 5 |
Rockefeller Capital Management
New York
|
+$952K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$34M |
| 2 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$8.31M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.59M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.43M |
| 5 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$3.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LSC
126
Logan Stone Capital
Chicago,
Illinois
| – | -$1.32M | -110,977 | Closed |
|
127
Walleye Capital
New York
| – | -$634K | -53,357 | Closed |
|
128
Millennium Management
New York
| – | -$609K | -51,229 | Closed |
|
|
NMC
129
Nine Masts Capital
Central,
Hong Kong
| – | -$243K | -20,421 | Closed |
|
|
CA
130
Clearstead Advisors
Cleveland,
Ohio
| – | -$177K | -14,857 | Closed |
|
|
ACI
131
Alpha Cubed Investments
Irvine,
California
| – | -$171K | -14,355 | Closed |
|
|
PIA
132
Perennial Investment Advisors
Los Angeles,
California
| – | -$131K | -11,032 | Closed |
|
|
GKWIM
133
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
| – | -$120K | -10,122 | Closed |
|
|
BF
134
BOK Financial
Tulsa,
Oklahoma
| – | -$41.6K | -3,500 | Closed |
|
|
FIA
135
FNY Investment Advisers
New York
| – | -$23K | -2,000 | Closed |
|
|
HGERS
136
Householder Group Estate & Retirement Specialist
Scottsdale,
Arizona
| – | -$21K | -1,841 | Closed |
|
NAC Hedge Fund Activity: Q4 2024 in Review
124 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2024, worth a combined $287M — down 15% from $339M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NAC positions and 12 closed out — a net gain of 6 holders — while 50 added to existing stakes and 31 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.62M. The largest seller was Saba Capital Management, exiting entirely with an estimated $34M sold.
- 124 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2024, up from 120 in Q3 2024.
- Funds reported $287M of Nuveen California Quality Municipal Income Fund stock for Q4 2024, down 15% quarter-over-quarter.
- 18 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2024 and 12 closed out, a net change of +6 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2024 was Morgan Stanley, an estimated $4.62M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q4 2024 was Saba Capital Management, an estimated $34M sold.
Based on aggregated 13F filings for Q4 2024.