Nuveen California Quality Municipal Income Fund
90 hedge funds and large institutions have $191M invested in Nuveen California Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 33 increasing their positions, 26 reducing their positions, and 15 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
153% more capital inflows, than outflows
Capital inflows: $71.8M | Capital outflows: $28.4M
27% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 26
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
2.4% more ownership
Funds ownership: 7.93% → 10.33% (+2.4%)
1% more funds holding
Funds holding: 89 → 90 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Beach Point Capital Management
Santa Monica,
California
|
+$16M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$14.7M |
| 3 |
Karpus Investment Management
Pittsford,
New York
|
+$10.5M |
| 4 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.36M |
| 5 |
Saba Capital Management
New York
|
+$4.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$13.9M |
| 2 |
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$3.09M |
| 3 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.99M |
| 4 |
Nine Masts Capital
Central,
Hong Kong
|
-$1.85M |
| 5 |
D.A. Davidson & Co
Great Falls,
Montana
|
-$803K |
NAC Hedge Fund Activity: Q4 2018 in Review
90 of the 4,506 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2018, worth a combined $191M — up 27% from $150M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NAC positions and 15 closed out — a net gain of 3 holders — while 33 added to existing stakes and 26 trimmed.
The largest buyer was Beach Point Capital Management, opening a new position worth an estimated $16M. The largest seller was UBS Group, cutting an estimated $13.9M.
- 90 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2018, up from 89 in Q3 2018.
- Funds reported $191M of Nuveen California Quality Municipal Income Fund stock for Q4 2018, up 27% quarter-over-quarter.
- 18 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2018 and 15 closed out, a net change of +3 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2018 was Beach Point Capital Management, an estimated $16M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q4 2018 was UBS Group, an estimated $13.9M sold.
Based on aggregated 13F filings for Q4 2018.