Nuveen California Quality Municipal Income Fund
122 hedge funds and large institutions have $448M invested in Nuveen California Quality Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 41 increasing their positions, 34 reducing their positions, and 19 closing their positions.
37% more capital invested
Capital invested by funds: $328M → $448M (+$120M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
21% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 34
16% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 19
4.45% more ownership
Funds ownership: 23.49% → 27.93% (+4.4%)
2% more funds holding
Funds holding: 120 → 122 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$18.4M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$16.7M |
| 3 |
SCM
Saba Capital Management
New York
|
+$15.6M |
| 4 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$5.11M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$3.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.29M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.74M |
| 3 |
WT
Whittier Trust
South Pasadena,
California
|
-$1.65M |
| 4 |
EW
Evoke Wealth
Los Angeles,
California
|
-$1.41M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$585K |
NAC Hedge Fund Activity: Q4 2023 in Review
122 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2023, worth a combined $448M — up 37% 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 41 added to existing stakes and 34 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $18.4M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.29M.
- 122 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2023, up from 120 in Q3 2023.
- Funds reported $448M of Nuveen California Quality Municipal Income Fund stock for Q4 2023, up 37% 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 Morgan Stanley, an estimated $18.4M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $3.29M sold.
Based on aggregated 13F filings for Q4 2023.