Nuveen California Municipal Value Fund
NCA
34 hedge funds and large institutions have $25.4M invested in Nuveen California Municipal Value Fund in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 4 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
2% more capital invested
Capital invested by funds: $24.9M → $25.4M (+$586K)
0.04% less ownership
Funds ownership: 8.59% → 8.55% (-0.04%)
3% less funds holding
Funds holding: 35 → 34 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$676K |
| 2 |
Morgan Stanley
New York
|
+$459K |
| 3 |
VF
Virtu Financial
New York
|
+$233K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$144K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$110K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$694K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$681K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$222K |
| 4 |
SG Americas Securities
New York
|
-$165K |
| 5 |
LPL Financial
San Diego,
California
|
-$115K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JIR
26
James Investment Research
Alpha,
Ohio
| $106K | – | – | – |
|
|
BA
27
Boston Advisors
Boston,
Massachusetts
| $105K | – | – | – |
|
|
PCMC
28
Paragon Capital Management (Colorado)
Denver,
Colorado
| $105K | – | – | – |
|
|
AAM
29
Advisors Asset Management
Monument,
Colorado
| $84K | +$83K | +7,969 | New |
|
|
PA
30
Parallel Advisors
San Francisco,
California
| $64K | – | – | – |
|
|
WT
31
Whittier Trust
South Pasadena,
California
| $51K | – | – | – |
|
|
GAM
32
Gemmer Asset Management
Walnut Creek,
California
| $49K | – | – | – |
|
|
GRP
33
Global Retirement Partners
San Rafael,
California
| $43K | – | – | – |
|
|
WAS
34
WESPAC Advisors SoCal
Pasadena,
California
| $10K | – | – | – |
|
35
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
|
36
SG Americas Securities
New York
| – | -$165K | -16,050 | Closed |
|
|
CRC
37
Curi RMB Capital
Chicago,
Illinois
| – | -$103K | -10,095 | Closed |
|
|
DADC
38
D.A. Davidson & Co
Great Falls,
Montana
| – | -$51K | -4,977 | Closed |
|
39
Creative Planning
Overland Park,
Kansas
| – | -$24K | -2,293 | Closed |
|
NCA Hedge Fund Activity: Q3 2017 in Review
34 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q3 2017, worth a combined $25.4M — up 2.4% from $24.9M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NCA and 3 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 12 added.
The largest buyer was UBS Group, adding an estimated $676K. The largest seller was Invesco, cutting an estimated $694K.
- 34 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q3 2017, down from 35 in Q2 2017.
- Funds reported $25.4M of Nuveen California Municipal Value Fund stock for Q3 2017, up 2.4% quarter-over-quarter.
- 3 funds opened new Nuveen California Municipal Value Fund positions in Q3 2017 and 4 closed out, a net change of -1 holder.
- The largest Nuveen California Municipal Value Fund buyer in Q3 2017 was UBS Group, an estimated $676K added.
- The largest Nuveen California Municipal Value Fund seller in Q3 2017 was Invesco, an estimated $694K sold.
Based on aggregated 13F filings for Q3 2017.