Nuveen California Quality Municipal Income Fund
111 hedge funds and large institutions have $344M invested in Nuveen California Quality Municipal Income Fund in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 40 increasing their positions, 29 reducing their positions, and 15 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 29
15% more capital invested
Capital invested by funds: $298M → $344M (+$45.7M)
3.01% more ownership
Funds ownership: 18.76% → 21.77% (+3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 117 → 111 (-6)
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$20.1M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$11.4M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$11.1M |
| 4 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$4.09M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$3.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.76M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.22M |
| 3 |
WT
Whittier Trust
South Pasadena,
California
|
-$1.54M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$921K |
| 5 |
RCG
Regatta Capital Group
El Segundo,
California
|
-$676K |
NAC Hedge Fund Activity: Q2 2023 in Review
111 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2023, worth a combined $344M — up 15% from $298M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of NAC and 10 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 40 added.
The largest buyer was Saba Capital Management, adding an estimated $20.1M. The largest seller was Guggenheim Capital, cutting an estimated $2.76M.
- 111 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2023, down from 117 in Q1 2023.
- Funds reported $344M of Nuveen California Quality Municipal Income Fund stock for Q2 2023, up 15% quarter-over-quarter.
- 10 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2023 and 15 closed out, a net change of -5 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2023 was Saba Capital Management, an estimated $20.1M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q2 2023 was Guggenheim Capital, an estimated $2.76M sold.
Based on aggregated 13F filings for Q2 2023.