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Nuveen California Municipal Value Fund
NCA

63 hedge funds and large institutions have $75.5M invested in Nuveen California Municipal Value Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 4

29% more capital invested

Capital invested by funds: $58.6M → $75.5M (+$16.9M)

15% more funds holding

Funds holding: 55 → 63 (+8)

3.88% more ownership

Funds ownership: 21.56% → 25.44% (+3.9%)

0% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 17

Holders
63
Holders Change
+8
Holders Change %
+14.55%
% of All Funds
0.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
17
Reduced
17
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$12.4M
2
GC
Guggenheim Capital
Illinois
+$544K
3
LCM
Landscape Capital Management
New Jersey
+$441K
4
VF
Virtu Financial
New York
+$271K
5
RJA
Raymond James & Associates
Florida
+$230K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$1.84M
2
Allspring Global Investments
Allspring Global Investments
North Carolina
-$384K
3
UBS Group
UBS Group
Switzerland
-$363K
4
Wells Fargo
Wells Fargo
California
-$268K
5
1CP
1607 Capital Partners
Virginia
-$238K
Name Holding Trade Value Shares
Change 		Change in
Stake
US Bancorp
26
US Bancorp
Minnesota
$236K +$216K +25,867 +5,173%
SWP
27
Stratos Wealth Partners
Ohio
$222K +$7.74K +925 +4%
OPCM
28
Osborne Partners Capital Management
California
$219K -$63.6K -7,600 -24%
Nomura Holdings
29
Nomura Holdings
Japan
$203K +$190K +22,650 New
Cetera Investment Advisers
30
Cetera Investment Advisers
Illinois
$174K +$7.76K +927 +5%
CAN
31
Cetera Advisor Networks
California
$168K +$12.6K +1,500 +9%
MOS
32
MGO One Seven
Ohio
$162K +$152K +18,136 New
Creative Planning
33
Creative Planning
Kansas
$156K – – –
LA
34
LM Advisors
California
$153K +$143K +17,114 New
MMA
35
Miracle Mile Advisors
California
$152K +$142K +17,000 New
GPA
36
Garrison Point Advisors
California
$150K – – –
WS
37
Wedbush Securities
California
$144K – – –
IC
38
IEQ Capital
California
$143K +$8.37K +1,000 +7%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$140K -$23.4K -2,799 -15%
MA
40
Mutual Advisors
Nebraska
$129K +$786 +94 +0.7%
HighTower Advisors
41
HighTower Advisors
Illinois
$128K +$119K +14,204 New
RCM
42
RB Capital Management
Nevada
$125K -$11.7K -1,396 -9%
Cerity Partners
43
Cerity Partners
New York
$124K – – –
Mariner
44
Mariner
Kansas
$119K +$112K +13,334 New
MCCP
45
Mission Creek Capital Partners
California
$112K -$105K -12,500 -50%
CFIA
46
Cantor Fitzgerald Investment Advisors
New York
$105K +$98.5K +11,772 New
Janney Montgomery Scott
47
Janney Montgomery Scott
Pennsylvania
$103K +$96.2K +11,500 New
SPIA
48
Steward Partners Investment Advisory
New York
$98.6K – – –
RIA
49
Realta Investment Advisors
Delaware
$94.6K – – –
PWM
50
Perigon Wealth Management
California
$94.6K – – –
1
2
3

NCA Hedge Fund Activity: Q4 2023 in Review

63 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q4 2023, worth a combined $75.5M — up 29% from $58.6M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new NCA positions and 4 closed out — a net gain of 9 holders — while 17 added to existing stakes and 17 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $12.4M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.84M.

  • 63 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q4 2023, up from 55 in Q3 2023.
  • Funds reported $75.5M of Nuveen California Municipal Value Fund stock for Q4 2023, up 29% quarter-over-quarter.
  • 13 funds opened new Nuveen California Municipal Value Fund positions in Q4 2023 and 4 closed out, a net change of +9 holders.
  • The largest Nuveen California Municipal Value Fund buyer in Q4 2023 was Morgan Stanley, an estimated $12.4M added.
  • The largest Nuveen California Municipal Value Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $1.84M sold.

Based on aggregated 13F filings for Q4 2023.