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Nuveen California Municipal Value Fund
NCA

47 hedge funds and large institutions have $31.7M invested in Nuveen California Municipal Value Fund in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more capital invested

Capital invested by funds: $26.4M → $31.7M (+$5.26M)

2.34% more ownership

Funds ownership: 9.98% → 12.32% (+2.3%)

7% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 15

4% less funds holding

Funds holding: 49 → 47 (-2)

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

Holders
47
Holders Change
-2
Holders Change %
-4.08%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
16
Reduced
15
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$2.72M
2
1CP
1607 Capital Partners
Virginia
+$2.25M
3
FFA
First Foundation Advisors
California
+$1.17M
4
TIM
Tortoise Investment Management
New York
+$509K
5
LCM
Landscape Capital Management
New Jersey
+$363K

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$443K
2
Morgan Stanley
Morgan Stanley
New York
-$372K
3
UBS Group
UBS Group
Switzerland
-$319K
4
MIAN
Mariner Independent Advisor Network
Kansas
-$244K
5
SI
Scharf Investments
California
-$219K
Name Holding Trade Value Shares
Change 		Change in
Stake
GJIC
26
Gamble Jones Investment Counsel
California
$151K – – –
LTFS
27
Ladenburg Thalmann Financial Services
Florida
$146K -$53.9K -5,900 -27%
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
$142K -$29.8K -3,261 -17%
AA
29
AQR Arbitrage
Connecticut
$140K +$12.4K +1,357 +10%
CFIA
30
Cantor Fitzgerald Investment Advisors
New York
$139K – – –
LWAC
31
Laurel Wealth Advisors (California)
California
$128K -$14.8K -1,616 -10%
VF
32
Virtu Financial
New York
$120K +$121K +13,225 New
First Trust Advisors
33
First Trust Advisors
Illinois
$114K +$7.09K +777 +7%
Cetera Investment Advisers
34
Cetera Investment Advisers
Illinois
$104K -$9.13K -1,000 -8%
HWA
35
HCR Wealth Advisors
California
$98K +$438 +48 +0.4%
RCM
36
RB Capital Management
Nevada
$98K +$97.9K +10,722 New
GIM
37
Greenwich Investment Management
Connecticut
$95K – – –
AA
38
AlphaMark Advisors
Kentucky
$91K -$9.13K -1,000 -9%
BA
39
Boston Advisors
Massachusetts
$91K – – –
PCMC
40
Paragon Capital Management (Colorado)
Colorado
$91K – – –
WT
41
Whittier Trust
California
$63K +$19.3K +2,114 +44%
GAM
42
Gemmer Asset Management
California
$43K – – –
Citigroup
43
Citigroup
New York
$38K – – –
JIR
44
James Investment Research
Ohio
$27K -$92.2K -10,100 -77%
SMFS
45
Squar Milner Financial Services
California
$9K – – –
WAS
46
WESPAC Advisors SoCal
California
$9K – – –
GRP
47
Global Retirement Partners
California
$7K -$22.8K -2,500 -76%
Northwestern Mutual Wealth Management
48
Northwestern Mutual Wealth Management
Wisconsin
$6K – – –
US Bancorp
49
US Bancorp
Minnesota
$5K – – –
RJFSA
50
Raymond James Financial Services Advisors
Florida
– -$443K -47,285 Closed
1
2
3

NCA Hedge Fund Activity: Q4 2018 in Review

47 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q4 2018, worth a combined $31.7M — up 20% from $26.4M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of NCA and 5 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 16 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $2.72M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $443K sold.

  • 47 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q4 2018, down from 49 in Q3 2018.
  • Funds reported $31.7M of Nuveen California Municipal Value Fund stock for Q4 2018, up 20% quarter-over-quarter.
  • 5 funds opened new Nuveen California Municipal Value Fund positions in Q4 2018 and 7 closed out, a net change of -2 holders.
  • The largest Nuveen California Municipal Value Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $2.72M added.
  • The largest Nuveen California Municipal Value Fund seller in Q4 2018 was Raymond James Financial Services Advisors, an estimated $443K sold.

Based on aggregated 13F filings for Q4 2018.