Nuveen California Quality Municipal Income Fund
116 hedge funds and large institutions have $259M invested in Nuveen California Quality Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 34 increasing their positions, 19 reducing their positions, and 9 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
100% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 9
79% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 19
7% more funds holding
Funds holding: 108 → 116 (+8)
0% more capital invested
Capital invested by funds: $259M → $259M (+$332K)
0.46% less ownership
Funds ownership: 12.28% → 11.82% (-0.46%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.54M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$966K |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$867K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$852K |
| 5 |
BWA
BDO Wealth Advisors
Jacksonville,
Florida
|
+$780K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.32M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$4.9M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.96M |
| 4 |
CRWM
Castle Rock Wealth Management
Walnut Creek,
California
|
-$627K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$485K |
NAC Hedge Fund Activity: Q4 2020 in Review
116 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2020, worth a combined $259M — up 0.13% from $259M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NAC positions and 9 closed out — a net gain of 9 holders — while 34 added to existing stakes and 19 trimmed.
The largest buyer was UBS Group, adding an estimated $1.54M. The largest seller was Rivernorth Capital Management, cutting an estimated $9.32M.
- 116 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2020, up from 108 in Q3 2020.
- Funds reported $259M of Nuveen California Quality Municipal Income Fund stock for Q4 2020, up 0.13% quarter-over-quarter.
- 18 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2020 and 9 closed out, a net change of +9 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2020 was UBS Group, an estimated $1.54M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q4 2020 was Rivernorth Capital Management, an estimated $9.32M sold.
Based on aggregated 13F filings for Q4 2020.