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Nuveen California Quality Municipal Income Fund
NAC

57 hedge funds and large institutions have $78.9M invested in Nuveen California Quality Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 19 increasing their positions, 0 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,133% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 3

320% more capital invested

Capital invested by funds: $18.8M → $78.9M (+$60.1M)

148% more funds holding

Funds holding: 23 → 57 (+34)

0.49% less ownership

Funds ownership: 5.75% → 5.26% (-0.49%)

Holders
57
Holders Change
+34
Holders Change %
+147.83%
% of All Funds
1.64%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
37
Increased
19
Reduced
–
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$18.5M
2
Invesco
Invesco
Georgia
+$6.16M
3
U
UBS
Switzerland
+$5.89M
4
Morgan Stanley
Morgan Stanley
New York
+$4.04M
5
AAM
Advisors Asset Management
Colorado
+$3.28M

Top Sellers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
-$2.03M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$289K
3
ECM
ETrade Capital Management
Virginia
-$10K
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
1
Guggenheim Capital
Illinois
$22.6M +$18.5M +1,313,854 +429%
Invesco
2
Invesco
Georgia
$8.48M +$6.16M +437,658 +258%
U
3
UBS
Switzerland
$7.34M +$5.89M +418,886 +392%
Morgan Stanley
4
Morgan Stanley
New York
$5.12M +$4.04M +286,982 +362%
AAM
5
Advisors Asset Management
Colorado
$4.94M +$3.28M +233,057 +193%
LPL Financial
6
LPL Financial
California
$3.74M +$2.94M +209,105 +357%
WT
7
Whittier Trust
California
$2.54M +$2.42M +172,235 +1,722%
Wells Fargo
8
Wells Fargo
California
$2.42M +$1.09M +77,262 +80%
Bank of America
9
Bank of America
North Carolina
$2.26M +$1.97M +139,715 +637%
Goldman Sachs
10
Goldman Sachs
New York
$1.77M +$925K +65,756 +108%
SIA
11
Sit Investment Associates
Minnesota
$1.65M +$1.66M +117,989 New
MSL
12
Mackay Shields LLC
New York
$1.4M +$1.41M +100,036 New
TC
13
TFS Capital
Pennsylvania
$1.31M +$1.32M +94,043 New
VHAM
14
Van Hulzen Asset Management
California
$1.11M +$1.12M +79,750 New
NCM
15
Newgate Capital Management
Connecticut
$910K +$917K +65,136 New
CS
16
Credit Suisse
Switzerland
$897K +$903K +64,205 New
AA
17
Apriem Advisors
California
$890K +$117K +8,335 +15%
IA
18
Icon Advisers
Colorado
$804K +$809K +57,521 New
TCM
19
Tradewinds Capital Management
Washington
$777K +$507K +36,000 +184%
HCM
20
Hollencrest Capital Management
California
$740K +$485K +34,450 +185%
FAAS
21
First Allied Advisory Services
California
$671K +$511K +36,318 +307%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$563K +$549K +39,024 +3,122%
DA
23
Doliver Advisors
Texas
$523K +$527K +37,453 New
VKH
24
Virtu KCG Holdings
New York
$496K +$500K +35,534 New
Creative Planning
25
Creative Planning
Kansas
$449K +$452K +32,137 New
1
2 3

NAC Hedge Fund Activity: Q2 2014 in Review

57 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2014, worth a combined $78.9M — up 320% from $18.8M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new NAC positions and 3 closed out — a net gain of 34 holders — while 19 added to existing stakes and 0 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $18.5M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $2.03M sold.

  • 57 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2014, up from 23 in Q1 2014.
  • Funds reported $78.9M of Nuveen California Quality Municipal Income Fund stock for Q2 2014, up 320% quarter-over-quarter.
  • 37 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2014 and 3 closed out, a net change of +34 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2014 was Guggenheim Capital, an estimated $18.5M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2014 was Weiss Asset Management, an estimated $2.03M sold.

Based on aggregated 13F filings for Q2 2014.