Nuveen California Quality Municipal Income Fund
66 hedge funds and large institutions have $129M invested in Nuveen California Quality Municipal Income Fund in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 10 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.94% less ownership
Funds ownership: 6.89% → 5.95% (-0.94%)
6% less funds holding
Funds holding: 70 → 66 (-4)
10% less capital invested
Capital invested by funds: $143M → $129M (-$14.2M)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.78M |
| 2 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
+$1.16M |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$951K |
| 4 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$331K |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$328K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$8.48M |
| 2 |
LPL Financial
San Diego,
California
|
-$6.22M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.43M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$2.34M |
| 5 |
Morgan Stanley
New York
|
-$1.38M |
NAC Hedge Fund Activity: Q2 2017 in Review
66 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2017, worth a combined $129M — down 9.9% from $143M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NAC and 7 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 22 added.
The largest buyer was Bank of America, adding an estimated $1.78M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $8.48M sold.
- 66 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2017, down from 70 in Q1 2017.
- Funds reported $129M of Nuveen California Quality Municipal Income Fund stock for Q2 2017, down 9.9% quarter-over-quarter.
- 7 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2017 and 10 closed out, a net change of -3 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2017 was Bank of America, an estimated $1.78M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q2 2017 was Laurion Capital Management, an estimated $8.48M sold.
Based on aggregated 13F filings for Q2 2017.