Nuveen California Quality Municipal Income Fund
70 hedge funds and large institutions have $143M invested in Nuveen California Quality Municipal Income Fund in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 12 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 21
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.7% less ownership
Funds ownership: 7.59% → 6.89% (-0.7%)
8% less capital invested
Capital invested by funds: $156M → $143M (-$12.5M)
10% less funds holding
Funds holding: 78 → 70 (-8)
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WT
Whittier Trust
South Pasadena,
California
|
+$1.54M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.25M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$892K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$653K |
| 5 |
LPL Financial
San Diego,
California
|
+$434K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$7.18M |
| 2 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
-$2.13M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.95M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.19M |
| 5 |
Morgan Stanley
New York
|
-$1.14M |
NAC Hedge Fund Activity: Q1 2017 in Review
70 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2017, worth a combined $143M — down 8% from $156M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NAC and 5 opened new positions — a net loss of 7 holders — while 21 trimmed existing stakes and 25 added.
The largest buyer was Whittier Trust, adding an estimated $1.54M. The largest seller was Laurion Capital Management, cutting an estimated $7.18M.
- 70 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2017, down from 78 in Q4 2016.
- Funds reported $143M of Nuveen California Quality Municipal Income Fund stock for Q1 2017, down 8% quarter-over-quarter.
- 5 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2017 and 12 closed out, a net change of -7 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2017 was Whittier Trust, an estimated $1.54M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q1 2017 was Laurion Capital Management, an estimated $7.18M sold.
Based on aggregated 13F filings for Q1 2017.