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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
Cambridge Investment Research Advisors
51
Cambridge Investment Research Advisors
Iowa
$93K – – –
PA
52
Parallel Advisors
California
$41.7K – – –
ASN
53
Advisory Services Network
Georgia
$33.4K +$31.2K +3,727 New
HCP
54
Hexagon Capital Partners
Arkansas
$32.6K – – –
HCM
55
Hollencrest Capital Management
California
$25.6K – – –
CAL
56
Capital Analysts LLC
Pennsylvania
$25K +$318 +38 +1%
AF
57
Allworth Financial
California
$22.4K – – –
IA
58
IFP Advisors
Florida
$20.8K +$134 +16 +0.7%
SA
59
Scarborough Advisors
Maryland
$20.2K +$18.8K +2,250 New
JP Morgan Chase
60
JP Morgan Chase
New York
$17.8K +$16.6K +1,987 New
Comerica Bank
61
Comerica Bank
Texas
$17.2K -$2.37K -283 -13%
CSC
62
Caldwell Sutter Capital
California
$9.86K – – –
Allspring Global Investments
63
Allspring Global Investments
North Carolina
$8.22K -$384K -45,900 -98%
HWA
64
HCR Wealth Advisors
California
– -$90.9K -11,070 Closed
BC
65
Bartlett & Co
Ohio
– -$16K -1,884 Closed
BCWM
66
Bartlett & Co Wealth Management
Ohio
– -$15.5K -1,884 Closed
FIA
67
FNY Investment Advisers
New York
– -$4K -500 Closed
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.