Nuveen California Quality Municipal Income Fund
20 hedge funds and large institutions have $15.3M invested in Nuveen California Quality Municipal Income Fund in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 5 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
0.13% more ownership
Funds ownership: 5.07% → 5.2% (+0.13%)
4% less capital invested
Capital invested by funds: $16M → $15.3M (-$682K)
5% less funds holding
Funds holding: 21 → 20 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$716K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$700K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$235K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$149K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$142K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$582K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$338K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$329K |
| 4 |
Morgan Stanley
New York
|
-$301K |
| 5 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
-$192K |
NAC Hedge Fund Activity: Q3 2013 in Review
20 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2013, worth a combined $15.3M — down 4.3% from $16M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NAC and 4 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 7 added.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $716K. The largest seller was Guggenheim Capital, cutting an estimated $582K.
- 20 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2013, down from 21 in Q2 2013.
- Funds reported $15.3M of Nuveen California Quality Municipal Income Fund stock for Q3 2013, down 4.3% quarter-over-quarter.
- 4 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2013 and 5 closed out, a net change of -1 holder.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2013 was Goldman Sachs, an estimated $716K added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q3 2013 was Guggenheim Capital, an estimated $582K sold.
Based on aggregated 13F filings for Q3 2013.