Nuveen California Quality Municipal Income Fund
23 hedge funds and large institutions have $18.8M invested in Nuveen California Quality Municipal Income Fund in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 4 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
2% more capital invested
Capital invested by funds: $18.4M → $18.8M (+$366K)
0.34% less ownership
Funds ownership: 6.09% → 5.75% (-0.34%)
12% less funds holding
Funds holding: 26 → 23 (-3)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$292K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$230K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$197K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$123K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$114K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$675K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$311K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$256K |
| 4 |
SG Americas Securities
New York
|
-$204K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$180K |
NAC Hedge Fund Activity: Q1 2014 in Review
23 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2014, worth a combined $18.8M — up 2% from $18.4M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NAC and 1 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was UBS, adding an estimated $292K. The largest seller was Sit Investment Associates, exiting entirely with an estimated $675K sold.
- 23 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2014, down from 26 in Q4 2013.
- Funds reported $18.8M of Nuveen California Quality Municipal Income Fund stock for Q1 2014, up 2% quarter-over-quarter.
- 1 fund opened new Nuveen California Quality Municipal Income Fund positions in Q1 2014 and 4 closed out, a net change of -3 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2014 was UBS, an estimated $292K added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q1 2014 was Sit Investment Associates, an estimated $675K sold.
Based on aggregated 13F filings for Q1 2014.