Nuveen California Municipal Value Fund
NCA
33 hedge funds and large institutions have $26.6M invested in Nuveen California Municipal Value Fund in 2016 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
14% more funds holding
Funds holding: 29 → 33 (+4)
12% more capital invested
Capital invested by funds: $23.8M → $26.6M (+$2.77M)
1.59% more ownership
Funds ownership: 7.8% → 9.39% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$3.83M |
| 2 |
Morgan Stanley
New York
|
+$397K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$310K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$260K |
| 5 |
MBT
Montecito Bank & Trust
Santa Barbara,
California
|
+$188K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$476K |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$150K |
| 3 |
IA
IFP Advisors
Tampa,
Florida
|
-$149K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$137K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$53.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DADC
26
D.A. Davidson & Co
Great Falls,
Montana
| $51K | +$39.2K | +3,750 | +306% |
|
|
WT
27
Whittier Trust
South Pasadena,
California
| $50K | – | – | – |
|
|
GAM
28
Gemmer Asset Management
Walnut Creek,
California
| $49K | – | – | – |
|
|
GRP
29
Global Retirement Partners
San Rafael,
California
| $26K | +$26.1K | +2,500 | New |
|
30
Creative Planning
Overland Park,
Kansas
| $15K | – | – | – |
|
|
WAS
31
WESPAC Advisors SoCal
Pasadena,
California
| $10.3K | – | – | – |
|
32
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
|
AIM
33
Acrospire Investment Management
Chicago,
Illinois
| $5K | +$5.22K | +500 | New |
|
|
VKH
34
Virtu KCG Holdings
New York
| – | -$150K | -13,318 | Closed |
|
35
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$12K | -1,086 | Closed |
|
NCA Hedge Fund Activity: Q4 2016 in Review
33 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q4 2016, worth a combined $26.6M — up 12% from $23.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NCA positions and 2 closed out — a net gain of 5 holders — while 8 added to existing stakes and 6 trimmed.
The largest buyer was LPL Financial, adding an estimated $3.83M. The largest seller was Guggenheim Capital, cutting an estimated $476K.
- 33 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q4 2016, up from 29 in Q3 2016.
- Funds reported $26.6M of Nuveen California Municipal Value Fund stock for Q4 2016, up 12% quarter-over-quarter.
- 7 funds opened new Nuveen California Municipal Value Fund positions in Q4 2016 and 2 closed out, a net change of +5 holders.
- The largest Nuveen California Municipal Value Fund buyer in Q4 2016 was LPL Financial, an estimated $3.83M added.
- The largest Nuveen California Municipal Value Fund seller in Q4 2016 was Guggenheim Capital, an estimated $476K sold.
Based on aggregated 13F filings for Q4 2016.