Nuveen California Quality Municipal Income Fund
104 hedge funds and large institutions have $258M invested in Nuveen California Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 36 reducing their positions, and 13 closing their positions.
14% more capital invested
Capital invested by funds: $227M → $258M (+$30.7M)
1.02% more ownership
Funds ownership: 11.47% → 12.49% (+1%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
8% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 36
5% less funds holding
Funds holding: 109 → 104 (-5)
38% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.3M |
| 2 |
Morgan Stanley
New York
|
+$8.53M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$6.43M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$4.03M |
| 5 |
SW
SteelPeak Wealth
Woodland Hills,
California
|
+$577K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.05M |
| 2 |
G
GenTrust
Miami,
Florida
|
-$1.45M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$881K |
| 4 |
AIC
Ameritas Investment Company
Lincoln,
Nebraska
|
-$761K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$688K |
NAC Hedge Fund Activity: Q2 2020 in Review
104 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2020, worth a combined $258M — up 14% from $227M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NAC and 8 opened new positions — a net loss of 5 holders — while 36 trimmed existing stakes and 33 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $10.3M. The largest seller was Bank of America, cutting an estimated $2.05M.
- 104 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2020, down from 109 in Q1 2020.
- Funds reported $258M of Nuveen California Quality Municipal Income Fund stock for Q2 2020, up 14% quarter-over-quarter.
- 8 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2020 and 13 closed out, a net change of -5 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $10.3M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q2 2020 was Bank of America, an estimated $2.05M sold.
Based on aggregated 13F filings for Q2 2020.