Nuveen California Quality Municipal Income Fund
118 hedge funds and large institutions have $251M invested in Nuveen California Quality Municipal Income Fund in 2025 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 41 increasing their positions, 37 reducing their positions, and 14 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 37
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.12% less ownership
Funds ownership: 17.57% → 15.45% (-2.1%)
5% less funds holding
Funds holding: 124 → 118 (-6)
13% less capital invested
Capital invested by funds: $287M → $251M (-$36M)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.62M |
| 2 |
Rockefeller Capital Management
New York
|
+$1.69M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$826K |
| 4 |
Fisher Asset Management
Camas,
Washington
|
+$693K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$677K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$24.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$11.7M |
| 3 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
-$1.74M |
| 4 |
OIA
OneDigital Investment Advisors
Overland Park,
Kansas
|
-$913K |
| 5 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$821K |
NAC Hedge Fund Activity: Q1 2025 in Review
118 of the 7,462 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2025, worth a combined $251M — down 13% from $287M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NAC and 9 opened new positions — a net loss of 5 holders — while 37 trimmed existing stakes and 41 added.
The largest buyer was Morgan Stanley, adding an estimated $2.62M. The largest seller was Karpus Investment Management, cutting an estimated $24.7M.
- 118 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2025, down from 124 in Q4 2024.
- Funds reported $251M of Nuveen California Quality Municipal Income Fund stock for Q1 2025, down 13% quarter-over-quarter.
- 9 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2025 and 14 closed out, a net change of -5 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2025 was Morgan Stanley, an estimated $2.62M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q1 2025 was Karpus Investment Management, an estimated $24.7M sold.
Based on aggregated 13F filings for Q1 2025.