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Nuveen California Quality Municipal Income Fund

119 hedge funds and large institutions have $420M invested in Nuveen California Quality Municipal Income Fund in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 44 increasing their positions, 32 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 32

1% less capital invested

Capital invested by funds: $426M → $420M (-$5.79M)

1.54% less ownership

Funds ownership: 26.73%25.2% (-1.5%)

6% less funds holding

Funds holding: 127119 (-8)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

43% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 14

Holders
119
Holders Change
-8
Holders Change %
-6.3%
% of All Funds
1.72%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
8
Increased
44
Reduced
32
Closed
14
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SCM
1
Saba Capital Management
New York
$89.1M -$12M -1,084,735 -12%
KIM
2
Karpus Investment Management
New York
$61.3M -$10.5M -949,651 -15%
RCM
3
Rivernorth Capital Management
Florida
$41.5M -$9.68M -876,098 -20%
Morgan Stanley
4
Morgan Stanley
New York
$26.8M -$797K -72,177 -3%
MSL
5
Mackay Shields LLC
New York
$24.5M +$18.6M +1,682,375 +380%
UBS Group
6
UBS Group
Switzerland
$20M +$1.86M +168,396 +11%
GC
7
Guggenheim Capital
Illinois
$13.9M +$1.16M +104,842 +10%
WA
8
Whitebox Advisors
Minnesota
$12.9M +$8.26M +747,810 +201%
Wells Fargo
9
Wells Fargo
California
$11.5M -$24.4K -2,210 -0.2%
PCM
10
Penserra Capital Management
California
$8.74M +$186K +16,841 +2%
LSC
11
Logan Stone Capital
Illinois
$7.96M -$10.7M -972,119 -58%
Rockefeller Capital Management
12
Rockefeller Capital Management
New York
$7.83M +$1.5M +136,162 +25%
AAM
13
Advisors Asset Management
Colorado
$6.24M -$345K -31,265 -5%
HWAM
14
Hennion & Walsh Asset Management
New Jersey
$6.18M -$295K -26,662 -5%
Mariner
15
Mariner
Kansas
$5.7M -$233K -21,075 -4%
Allianz Asset Management
16
Allianz Asset Management
Germany
$5.49M
RCM
17
Robinson Capital Management
Michigan
$5.17M +$85.1K +7,700 +2%
LA
18
LM Advisors
California
$4.01M +$107K +9,705 +3%
LPL Financial
19
LPL Financial
California
$3.21M -$374K -33,860 -11%
DWM
20
Dakota Wealth Management
Florida
$2.98M
AF
21
Allworth Financial
California
$2.87M -$137K -12,364 -5%
AA
22
AQR Arbitrage
Connecticut
$2.62M -$3.95M -357,129 -61%
Bank of America
23
Bank of America
North Carolina
$2.59M -$141K -12,797 -5%
IP
24
Ignite Planners
California
$2.49M +$14.8K +1,340 +0.6%
RCG
25
Regatta Capital Group
California
$2.43M

NAC Hedge Fund Activity: Q2 2024 in Review

119 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2024, worth a combined $420M — down 1.4% from $426M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of NAC and 8 opened new positions — a net loss of 6 holders — while 32 trimmed existing stakes and 44 added.

The largest buyer was Mackay Shields LLC, adding an estimated $18.6M. The largest seller was Saba Capital Management, cutting an estimated $12M.

  • 119 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2024, down from 127 in Q1 2024.
  • Funds reported $420M of Nuveen California Quality Municipal Income Fund stock for Q2 2024, down 1.4% quarter-over-quarter.
  • 8 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2024 and 14 closed out, a net change of -6 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2024 was Mackay Shields LLC, an estimated $18.6M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2024 was Saba Capital Management, an estimated $12M sold.

Based on aggregated 13F filings for Q2 2024.