Nuveen California Quality Municipal Income Fund
108 hedge funds and large institutions have $227M invested in Nuveen California Quality Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 36 increasing their positions, 29 reducing their positions, and 11 closing their positions.
73% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 11
24% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 29
9% more capital invested
Capital invested by funds: $208M → $227M (+$19M)
4% more funds holding
Funds holding: 104 → 108 (+4)
1.81% more ownership
Funds ownership: 9.65% → 11.47% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$14.3M |
| 2 |
G
GenTrust
Miami,
Florida
|
+$6.47M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$4.96M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.68M |
| 5 |
Morgan Stanley
New York
|
+$2.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
IEQ Capital
Foster City,
California
|
-$4.8M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$951K |
| 3 |
AA
Apriem Advisors
Irvine,
California
|
-$620K |
| 4 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
-$588K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$450K |
NAC Hedge Fund Activity: Q1 2020 in Review
108 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2020, worth a combined $227M — up 9.1% from $208M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new NAC positions and 11 closed out — a net gain of 8 holders — while 36 added to existing stakes and 29 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $14.3M. The largest seller was IEQ Capital, exiting entirely with an estimated $4.8M sold.
- 108 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2020, up from 104 in Q4 2019.
- Funds reported $227M of Nuveen California Quality Municipal Income Fund stock for Q1 2020, up 9.1% quarter-over-quarter.
- 19 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2020 and 11 closed out, a net change of +8 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2020 was Rivernorth Capital Management, an estimated $14.3M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q1 2020 was IEQ Capital, an estimated $4.8M sold.
Based on aggregated 13F filings for Q1 2020.