Nuveen California Quality Municipal Income Fund
114 hedge funds and large institutions have $260M invested in Nuveen California Quality Municipal Income Fund in 2021 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 42 increasing their positions, 24 reducing their positions, and 12 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 24
0% more capital invested
Capital invested by funds: $259M → $260M (+$794K)
0.26% more ownership
Funds ownership: 11.82% → 12.09% (+0.26%)
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
2% less funds holding
Funds holding: 116 → 114 (-2)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.71M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.32M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.28M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$967K |
| 5 |
CRWM
Castle Rock Wealth Management
Walnut Creek,
California
|
+$638K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
G
GenTrust
Miami,
Florida
|
-$5.09M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.85M |
| 3 |
Morgan Stanley
New York
|
-$1.15M |
| 4 |
BWA
BDO Wealth Advisors
Jacksonville,
Florida
|
-$798K |
| 5 |
Cohen & Steers
New York
|
-$734K |
NAC Hedge Fund Activity: Q1 2021 in Review
114 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q1 2021, worth a combined $260M — up 0.31% from $259M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NAC and 11 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 42 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $8.71M. The largest seller was GenTrust, exiting entirely with an estimated $5.09M sold.
- 114 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q1 2021, down from 116 in Q4 2020.
- Funds reported $260M of Nuveen California Quality Municipal Income Fund stock for Q1 2021, up 0.31% quarter-over-quarter.
- 11 funds opened new Nuveen California Quality Municipal Income Fund positions in Q1 2021 and 12 closed out, a net change of -1 holder.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q1 2021 was Rivernorth Capital Management, an estimated $8.71M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q1 2021 was GenTrust, an estimated $5.09M sold.
Based on aggregated 13F filings for Q1 2021.