Nuveen California Quality Municipal Income Fund
122 hedge funds and large institutions have $423M invested in Nuveen California Quality Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 40 increasing their positions, 35 reducing their positions, and 19 closing their positions.
245% more capital inflows, than outflows
Capital inflows: $62.9M | Capital outflows: $18.2M
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
16% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 19
14% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 35
2.86% more ownership
Funds ownership: 23.49% → 26.35% (+2.9%)
2% more funds holding
Funds holding: 120 → 122 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
+$16.7M |
| 2 |
Saba Capital Management
New York
|
+$15.6M |
| 3 |
Beach Point Capital Management
Santa Monica,
California
|
+$5.11M |
| 4 |
Logan Stone Capital
Chicago,
Illinois
|
+$3.76M |
| 5 |
Allworth Financial
Folsom,
California
|
+$2.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.01M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.29M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.74M |
| 4 |
Whittier Trust
South Pasadena,
California
|
-$1.65M |
| 5 |
Evoke Wealth
Los Angeles,
California
|
-$1.41M |
NAC Hedge Fund Activity: Q4 2023 in Review
122 of the 6,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2023, worth a combined $423M — up 29% from $328M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new NAC positions and 19 closed out — a net gain of 3 holders — while 40 added to existing stakes and 35 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $16.7M. The largest seller was Morgan Stanley, cutting an estimated $5.01M.
- 122 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2023, up from 120 in Q3 2023.
- Funds reported $423M of Nuveen California Quality Municipal Income Fund stock for Q4 2023, up 29% quarter-over-quarter.
- 22 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2023 and 19 closed out, a net change of +3 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2023 was Karpus Investment Management, an estimated $16.7M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q4 2023 was Morgan Stanley, an estimated $5.01M sold.
Based on aggregated 13F filings for Q4 2023.