Nuveen California Quality Municipal Income Fund
111 hedge funds and large institutions have $264M invested in Nuveen California Quality Municipal Income Fund in 2021 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 33 increasing their positions, 22 reducing their positions, and 10 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 22
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
0.76% less ownership
Funds ownership: 12.4% → 11.64% (-0.76%)
3% less funds holding
Funds holding: 114 → 111 (-3)
7% less capital invested
Capital invested by funds: $284M → $264M (-$19.9M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.21M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$827K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$798K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$666K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$616K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.68M |
| 2 |
GKWIM
Gerber Kawasaki Wealth & Investment Management
Santa Monica,
California
|
-$2.95M |
| 3 |
WT
Whittier Trust
South Pasadena,
California
|
-$2.58M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
-$2.15M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.7M |
NAC Hedge Fund Activity: Q3 2021 in Review
111 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2021, worth a combined $264M — down 7% from $284M a quarter earlier.
Fund positioning in NAC was balanced in Q3 2021: 10 funds opened new positions, 10 closed out, 33 added to existing stakes and 22 trimmed.
The largest buyer was Hennion & Walsh Asset Management, adding an estimated $1.21M. The largest seller was Rivernorth Capital Management, cutting an estimated $8.68M.
- 111 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2021, down from 114 in Q2 2021.
- Funds reported $264M of Nuveen California Quality Municipal Income Fund stock for Q3 2021, down 7% quarter-over-quarter.
- 10 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2021 and 10 closed out, a net change of 0 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2021 was Hennion & Walsh Asset Management, an estimated $1.21M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q3 2021 was Rivernorth Capital Management, an estimated $8.68M sold.
Based on aggregated 13F filings for Q3 2021.