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Nuveen California Municipal Value Fund
NCA

27 hedge funds and large institutions have $13M invested in Nuveen California Municipal Value Fund in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 3 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 3

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

14% more capital invested

Capital invested by funds: $11.4M → $13M (+$1.56M)

8% more funds holding

Funds holding: 25 → 27 (+2)

0.82% more ownership

Funds ownership: 4.8% → 5.62% (+0.82%)

Holders
27
Holders Change
+2
Holders Change %
+8%
% of All Funds
0.88%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
11
Reduced
3
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$608K
2
Morgan Stanley
Morgan Stanley
New York
+$428K
3
GC
Guggenheim Capital
Illinois
+$307K
4
FFA
First Foundation Advisors
California
+$252K
5
FAT
First American Trust
California
+$217K

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$261K
2
Wells Fargo
Wells Fargo
California
-$172K
3
TC
TFS Capital
Pennsylvania
-$148K
4
DA
Doliver Advisors
Texas
-$145K
5
BIM
BlackRock Investment Management
Delaware
-$29K
Name Holding Trade Value Shares
Change 		Change in
Stake
U
1
UBS
Switzerland
$2.75M +$608K +66,486 +28%
Invesco
2
Invesco
Georgia
$2.48M +$203K +22,222 +9%
Wells Fargo
3
Wells Fargo
California
$1.57M -$172K -18,779 -10%
Morgan Stanley
4
Morgan Stanley
New York
$1.45M +$428K +46,793 +42%
GC
5
Guggenheim Capital
Illinois
$970K +$307K +33,638 +47%
Bank of America
6
Bank of America
North Carolina
$895K +$175K +19,184 +24%
LPL Financial
7
LPL Financial
California
$443K +$29.5K +3,225 +7%
TIM
8
Tortoise Investment Management
New York
$329K +$192K +21,000 +140%
CNB
9
City National Bank
California
$318K +$46K +5,038 +17%
CS
10
Credit Suisse
Switzerland
$297K -$11.6K -1,274 -4%
FFA
11
First Foundation Advisors
California
$253K +$252K +27,608 New
FAT
12
First American Trust
California
$217K +$217K +23,747 New
MBT
13
Montecito Bank & Trust
California
$174K – – –
VKH
14
Virtu KCG Holdings
New York
$156K +$156K +17,029 New
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$135K -$21.4K -2,340 -14%
CAN
16
Cetera Advisor Networks
California
$122K – – –
MA
17
MUFG Americas
New York
$112K – – –
PCMC
18
Paragon Capital Management (Colorado)
Colorado
$91.5K – – –
SFSIG
19
San Francisco Sentry Investment Group
California
$91K – – –
Citigroup
20
Citigroup
New York
$55K +$40.8K +4,464 +293%
WCM
21
Windsor Capital Management
Arizona
$33K +$2.06K +225 +7%
PAS
22
Partnervest Advisory Services
California
$15K +$192 +21 +1%
EMA
23
Efficient Market Advisors
California
$9K – – –
LTFS
24
Ladenburg Thalmann Financial Services
Florida
$9K – – –
TRCT
25
Tower Research Capital (TRC)
New York
$4K +$3.66K +400 New
1
2

NCA Hedge Fund Activity: Q3 2013 in Review

27 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q3 2013, worth a combined $13M — up 14% from $11.4M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new NCA positions and 4 closed out — a net gain of 2 holders — while 11 added to existing stakes and 3 trimmed.

The largest buyer was UBS, adding an estimated $608K. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $261K sold.

  • 27 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q3 2013, up from 25 in Q2 2013.
  • Funds reported $13M of Nuveen California Municipal Value Fund stock for Q3 2013, up 14% quarter-over-quarter.
  • 6 funds opened new Nuveen California Municipal Value Fund positions in Q3 2013 and 4 closed out, a net change of +2 holders.
  • The largest Nuveen California Municipal Value Fund buyer in Q3 2013 was UBS, an estimated $608K added.
  • The largest Nuveen California Municipal Value Fund seller in Q3 2013 was Raymond James Financial Services Advisors, an estimated $261K sold.

Based on aggregated 13F filings for Q3 2013.