Nuveen California Quality Municipal Income Fund
125 hedge funds and large institutions have $266M invested in Nuveen California Quality Municipal Income Fund in 2025 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 43 increasing their positions, 27 reducing their positions, and 11 closing their positions.
91% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 11
59% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 27
19% more capital invested
Capital invested by funds: $223M → $266M (+$43.1M)
9% more funds holding
Funds holding: 115 → 125 (+10)
1.93% more ownership
Funds ownership: 13.4% → 15.32% (+1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$16.3M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$7.72M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$7.27M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$5.56M |
| 5 |
Jane Street
New York
|
+$4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
-$5.88M |
| 2 |
LA
LM Advisors
San Diego,
California
|
-$3.68M |
| 3 |
RCG
Regatta Capital Group
El Segundo,
California
|
-$1.2M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$669K |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
-$641K |
NAC Hedge Fund Activity: Q4 2025 in Review
125 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q4 2025, worth a combined $266M — up 19% from $223M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new NAC positions and 11 closed out — a net gain of 10 holders — while 43 added to existing stakes and 27 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $16.3M. The largest seller was Mackay Shields LLC, exiting entirely with an estimated $5.88M sold.
- 125 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q4 2025, up from 115 in Q3 2025.
- Funds reported $266M of Nuveen California Quality Municipal Income Fund stock for Q4 2025, up 19% quarter-over-quarter.
- 21 funds opened new Nuveen California Quality Municipal Income Fund positions in Q4 2025 and 11 closed out, a net change of +10 holders.
- The largest Nuveen California Quality Municipal Income Fund buyer in Q4 2025 was Morgan Stanley, an estimated $16.3M added.
- The largest Nuveen California Quality Municipal Income Fund seller in Q4 2025 was Mackay Shields LLC, an estimated $5.88M sold.
Based on aggregated 13F filings for Q4 2025.