Nuveen California Municipal Value Fund
NCA
48 hedge funds and large institutions have $26M invested in Nuveen California Municipal Value Fund in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
17% more funds holding
Funds holding: 41 → 48 (+7)
7% more capital invested
Capital invested by funds: $24.2M → $26M (+$1.78M)
0.5% more ownership
Funds ownership: 9.22% → 9.72% (+0.5%)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.71M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.48M |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$658K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$424K |
| 5 |
MA
Mutual Advisors
Omaha,
Nebraska
|
+$380K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$1.5M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$872K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$579K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$344K |
| 5 |
SFSIG
San Francisco Sentry Investment Group
San Francisco,
California
|
-$285K |
NCA Hedge Fund Activity: Q2 2018 in Review
48 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q2 2018, worth a combined $26M — up 7.4% from $24.2M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NCA positions and 6 closed out — a net gain of 7 holders — while 9 added to existing stakes and 10 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.71M. The largest seller was LPL Financial, cutting an estimated $1.5M.
- 48 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q2 2018, up from 41 in Q1 2018.
- Funds reported $26M of Nuveen California Municipal Value Fund stock for Q2 2018, up 7.4% quarter-over-quarter.
- 13 funds opened new Nuveen California Municipal Value Fund positions in Q2 2018 and 6 closed out, a net change of +7 holders.
- The largest Nuveen California Municipal Value Fund buyer in Q2 2018 was Rivernorth Capital Management, an estimated $1.71M added.
- The largest Nuveen California Municipal Value Fund seller in Q2 2018 was LPL Financial, an estimated $1.5M sold.
Based on aggregated 13F filings for Q2 2018.