Nuveen California Quality Municipal Income Fund
119 hedge funds and large institutions have $225M invested in Nuveen California Quality Municipal Income Fund in 2025 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 43 increasing their positions, 28 reducing their positions, and 13 closing their positions.
54% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 28
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
1% more funds holding
Funds holding: 118 → 119 (+1)
1.53% less ownership
Funds ownership: 15.45% → 13.92% (-1.5%)
10% less capital invested
Capital invested by funds: $251M → $225M (-$26.1M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.27M |
| 2 |
Morgan Stanley
New York
|
+$1.46M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.43M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.06M |
| 5 |
LPL Financial
San Diego,
California
|
+$781K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$15.5M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$7.14M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$6.65M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$3.37M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$722K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
| – | -$240K | -21,383 | Closed |
|
|
NBWM
127
North Berkeley Wealth Management
Berkeley,
California
| – | -$114K | -10,161 | Closed |
|
|
SMH
128
Sanders Morris Harris
Houston,
Texas
| – | -$113K | -10,000 | Closed |
|
|
SVCP
129
Silicon Valley Capital Partners
San Jose,
California
| – | -$19.7K | -1,759 | Closed |
|
|
BBPWM
130
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$16K | -1,426 | Closed |
|
|
MG
131
Mather Group
Chicago,
Illinois
| – | -$11.4K | -1,016 | Closed |
|
|
TRCT
132
Tower Research Capital (TRC)
New York
| – | -$360 | -32 | Closed |
|
NAC Hedge Fund Activity: Q2 2025 in Review
119 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2025, worth a combined $225M — down 10% from $251M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NAC positions and 13 closed out — a net gain of 1 holder — while 43 added to existing stakes and 28 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $2.27M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $15.5M sold.
- 119 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2025, up from 118 in Q1 2025.
- Funds reported $225M of Nuveen California Quality Municipal Income Fund stock for Q2 2025, down 10% quarter-over-quarter.
- 14 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2025 and 13 closed out, a net change of +1 holder.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2025 was Guggenheim Capital, an estimated $2.27M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q2 2025 was Rivernorth Capital Management, an estimated $15.5M sold.
Based on aggregated 13F filings for Q2 2025.