Nuveen California Municipal Value Fund
NCA
55 hedge funds and large institutions have $58.6M invested in Nuveen California Municipal Value Fund in 2023 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 3 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 11
0.37% more ownership
Funds ownership: 21.19% → 21.56% (+0.37%)
2% less capital invested
Capital invested by funds: $60M → $58.6M (-$1.38M)
4% less funds holding
Funds holding: 57 → 55 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.06M |
| 2 |
Morgan Stanley
New York
|
+$986K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$388K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$188K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$187K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$831K |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$485K |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$379K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$262K |
| 5 |
OPCM
Osborne Partners Capital Management
San Francisco,
California
|
-$137K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BC
51
Bartlett & Co
Cincinnati,
Ohio
| $16K | – | – | – |
|
|
BCWM
52
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| $15.5K | – | – | – |
|
|
CSC
53
Caldwell Sutter Capital
Sausalito,
California
| $9.03K | – | – | – |
|
54
US Bancorp
Minneapolis,
Minnesota
| $4.11K | – | – | – |
|
|
FIA
55
FNY Investment Advisers
New York
| $4K | – | – | – |
|
56
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$97.7K | -11,427 | Closed |
|
57
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$23.1K | -2,700 | Closed |
|
|
TJHA
58
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$9.58K | -1,120 | Closed |
|
NCA Hedge Fund Activity: Q3 2023 in Review
55 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q3 2023, worth a combined $58.6M — down 2.3% from $60M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of NCA and 1 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 20 added.
The largest buyer was UBS Group, adding an estimated $1.06M. The largest seller was Rivernorth Capital Management, cutting an estimated $831K.
- 55 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q3 2023, down from 57 in Q2 2023.
- Funds reported $58.6M of Nuveen California Municipal Value Fund stock for Q3 2023, down 2.3% quarter-over-quarter.
- 1 fund opened new Nuveen California Municipal Value Fund positions in Q3 2023 and 3 closed out, a net change of -2 holders.
- The largest Nuveen California Municipal Value Fund buyer in Q3 2023 was UBS Group, an estimated $1.06M added.
- The largest Nuveen California Municipal Value Fund seller in Q3 2023 was Rivernorth Capital Management, an estimated $831K sold.
Based on aggregated 13F filings for Q3 2023.