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Nuveen California Municipal Value Fund
NCA

54 hedge funds and large institutions have $64.1M invested in Nuveen California Municipal Value Fund in 2025 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 13

1% more capital invested

Capital invested by funds: $63.7M → $64.1M (+$444K)

0.36% less ownership

Funds ownership: 22.75% → 22.39% (-0.36%)

11% less funds holding

Funds holding: 61 → 54 (-7)

54% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 13

Holders
54
Holders Change
-7
Holders Change %
-11.48%
% of All Funds
0.72%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
18
Reduced
13
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$892K
2
LPL Financial
LPL Financial
California
+$791K
3
WAM
Wolverine Asset Management
Illinois
+$532K
4
AAM
Advisors Asset Management
Colorado
+$495K
5
APWA
Atlas Private Wealth Advisors
New Jersey
+$281K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.12M
2
LSC
Logan Stone Capital
Illinois
-$670K
3
AWS
Atria Wealth Solutions
New York
-$533K
4
RAM
Readystate Asset Management
Illinois
-$477K
5
Nomura Holdings
Nomura Holdings
Japan
-$342K
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
26
Wedbush Securities
California
$233K +$10.3K +1,200 +5%
TIM
27
Tortoise Investment Management
New York
$230K -$64K -7,455 -22%
US Bancorp
28
US Bancorp
Minnesota
$224K – – –
SIA
29
Schechter Investment Advisors
Michigan
$216K – – –
MCM
30
MAI Capital Management
Ohio
$210K -$6.01K -700 -3%
HighTower Advisors
31
HighTower Advisors
Illinois
$208K +$34.3K +4,000 +20%
Creative Planning
32
Creative Planning
Kansas
$204K -$50.6K -5,889 -20%
NL
33
NWAM LLC
Washington
$181K – – –
DADC
34
D.A. Davidson & Co
Montana
$167K – – –
Osaic Holdings
35
Osaic Holdings
Arizona
$157K +$91.3K +10,635 +141%
DWM
36
DKM Wealth Management
California
$156K – – –
OPCM
37
Osborne Partners Capital Management
California
$147K – – –
Citadel Advisors
38
Citadel Advisors
Florida
$145K -$57K -6,642 -28%
SPIA
39
Steward Partners Investment Advisory
New York
$130K +$17.2K +2,000 +15%
First Manhattan
40
First Manhattan
New York
$118K +$117K +13,621 New
FFA
41
Farther Finance Advisors
California
$111K – – –
RCM
42
RB Capital Management
Nevada
$110K -$12.4K -1,442 -10%
SA
43
Sanctuary Advisors
Indiana
$104K -$14.2K -1,654 -12%
CFIA
44
Cantor Fitzgerald Investment Advisors
New York
$102K – – –
WGC
45
Watts Gwilliam & Co
Arizona
$101K +$8.59K +1,000 +9%
Corient Private Wealth
46
Corient Private Wealth
Florida
$94.3K – – –
JIR
47
James Investment Research
Ohio
$88.5K – – –
GPA
48
Garrison Point Advisors
California
$86.5K – – –
AF
49
Allworth Financial
California
$83.4K – – –
Comerica Bank
50
Comerica Bank
Texas
$61.5K +$61K +7,110 New
1
2
3

NCA Hedge Fund Activity: Q1 2025 in Review

54 of the 7,463 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q1 2025, worth a combined $64.1M — up 0.7% from $63.7M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of NCA and 6 opened new positions — a net loss of 7 holders — while 13 trimmed existing stakes and 18 added.

The largest buyer was Morgan Stanley, adding an estimated $892K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.12M sold.

  • 54 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q1 2025, down from 61 in Q4 2024.
  • Funds reported $64.1M of Nuveen California Municipal Value Fund stock for Q1 2025, up 0.7% quarter-over-quarter.
  • 6 funds opened new Nuveen California Municipal Value Fund positions in Q1 2025 and 13 closed out, a net change of -7 holders.
  • The largest Nuveen California Municipal Value Fund buyer in Q1 2025 was Morgan Stanley, an estimated $892K added.
  • The largest Nuveen California Municipal Value Fund seller in Q1 2025 was Rivernorth Capital Management, an estimated $2.12M sold.

Based on aggregated 13F filings for Q1 2025.