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Nuveen California Quality Municipal Income Fund

115 hedge funds and large institutions have $223M invested in Nuveen California Quality Municipal Income Fund in 2025 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 50 increasing their positions, 23 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 23

0.52% less ownership

Funds ownership: 13.92%13.4% (-0.52%)

1% less capital invested

Capital invested by funds: $225M → $223M (-$2M)

3% less funds holding

Funds holding: 119115 (-4)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
115
Holders Change
-4
Holders Change %
-3.36%
% of All Funds
1.51%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
9
Increased
50
Reduced
23
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$43.3M +$3.98M +354,595 +10%
GC
2
Guggenheim Capital
Illinois
$26.3M +$5.33M +475,098 +26%
Wells Fargo
3
Wells Fargo
California
$15.9M +$1.02M +90,997 +7%
Rockefeller Capital Management
4
Rockefeller Capital Management
New York
$13.7M +$438K +38,995 +3%
UBS Group
5
UBS Group
Switzerland
$13.5M -$4.52M -402,628 -26%
AAM
6
Advisors Asset Management
Colorado
$10.1M +$1.55M +138,125 +19%
Bank of America
7
Bank of America
North Carolina
$8.46M +$2.7M +240,862 +49%
Mariner
8
Mariner
Kansas
$6.34M -$1.11K -99 -0%
MSL
9
Mackay Shields LLC
New York
$5.88M -$18.4M -1,639,526 -76%
LPL Financial
10
LPL Financial
California
$5.83M +$818K +72,847 +17%
Allianz Asset Management
11
Allianz Asset Management
Germany
$5.47M
HWAM
12
Hennion & Walsh Asset Management
New Jersey
$4.34M +$335K +29,841 +9%
IP
13
Ignite Planners
California
$3.8M +$75.3K +6,712 +2%
LA
14
LM Advisors
California
$3.68M
EW
15
Evoke Wealth
California
$2.89M +$180 +16 +0%
SA
16
Sanctuary Advisors
Indiana
$2.65M +$210K +18,723 +9%
PI
17
PFG Investments
New York
$2.16M -$35.1K -3,125 -2%
Ameriprise
18
Ameriprise
Minnesota
$1.85M +$484K +43,096 +36%
OIA
19
OneDigital Investment Advisors
Kansas
$1.8M +$187K +16,655 +12%
AF
20
Allworth Financial
California
$1.8M +$9.69K +863 +0.6%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$1.79M +$317K +28,215 +22%
SEP
22
Southland Equity Partners
Missouri
$1.76M +$196K +17,500 +13%
Raymond James Financial
23
Raymond James Financial
Florida
$1.75M +$44.9K +3,998 +3%
DTC
24
Davidson Trust Company
Washington
$1.7M
DWM
25
DKM Wealth Management
California
$1.64M

NAC Hedge Fund Activity: Q3 2025 in Review

115 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q3 2025, worth a combined $223M — down 0.89% from $225M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NAC and 9 opened new positions — a net loss of 1 holder — while 23 trimmed existing stakes and 50 added.

The largest buyer was Guggenheim Capital, adding an estimated $5.33M. The largest seller was Mackay Shields LLC, cutting an estimated $18.4M.

  • 115 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q3 2025, down from 119 in Q2 2025.
  • Funds reported $223M of Nuveen California Quality Municipal Income Fund stock for Q3 2025, down 0.89% quarter-over-quarter.
  • 9 funds opened new Nuveen California Quality Municipal Income Fund positions in Q3 2025 and 10 closed out, a net change of -1 holder.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q3 2025 was Guggenheim Capital, an estimated $5.33M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q3 2025 was Mackay Shields LLC, an estimated $18.4M sold.

Based on aggregated 13F filings for Q3 2025.