Nuveen California Quality Municipal Income Fund
81 hedge funds and large institutions have $130M invested in Nuveen California Quality Municipal Income Fund in 2017 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 9 closing their positions.
100% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 9
75% more capital inflows, than outflows
Capital inflows: $26.8M | Capital outflows: $15.4M
13% more funds holding
Funds holding: 72 → 81 (+9)
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
0.54% more ownership
Funds ownership: 5.69% → 6.23% (+0.54%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Laurion Capital Management
New York
|
+$7.36M |
| 2 |
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$3.48M |
| 3 |
Morgan Stanley
New York
|
+$2.47M |
| 4 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.49M |
| 5 |
Wolverine Asset Management
Chicago,
Illinois
|
+$1.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Guggenheim Capital
Chicago,
Illinois
|
-$3.12M |
| 2 |
Advisors Asset Management
Monument,
Colorado
|
-$2.44M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.72M |
| 4 |
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
-$1.14M |
| 5 |
IFP Advisors
Tampa,
Florida
|
-$904K |
NAC Hedge Fund Activity: Q4 2017 in Review
81 of the 4,420 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2017, worth a combined $130M — up 5% from $124M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NAC positions and 9 closed out — a net gain of 9 holders — while 24 added to existing stakes and 22 trimmed.
The largest buyer was Laurion Capital Management, adding an estimated $7.36M. The largest seller was Guggenheim Capital, cutting an estimated $3.12M.
- 81 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2017, up from 72 in Q3 2017.
- Funds reported $130M of Nuveen California Quality Municipal Income Fund stock for Q4 2017, up 5% quarter-over-quarter.
- 18 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2017 and 9 closed out, a net change of +9 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2017 was Laurion Capital Management, an estimated $7.36M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q4 2017 was Guggenheim Capital, an estimated $3.12M sold.
Based on aggregated 13F filings for Q4 2017.