We are live on ! Find out more
NCA icon

Nuveen California Municipal Value Fund
NCA

26 hedge funds and large institutions have $15.7M invested in Nuveen California Municipal Value Fund in 2013 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more capital invested

Capital invested by funds: $13M → $15.7M (+$2.72M)

1.14% more ownership

Funds ownership: 5.62% → 6.76% (+1.1%)

0% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 7

4% less funds holding

Funds holding: 27 → 26 (-1)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Holders
26
Holders Change
-1
Holders Change %
-3.7%
% of All Funds
0.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
7
Reduced
7
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FFA
First Foundation Advisors
California
+$2.57M
2
GC
Guggenheim Capital
Illinois
+$707K
3
Bank of America
Bank of America
North Carolina
+$153K
4
SG Americas Securities
SG Americas Securities
New York
+$121K
5
Wells Fargo
Wells Fargo
California
+$83.2K

Top Sellers

Rank Fund Capital Flow
1
U
UBS
Switzerland
-$796K
2
FAT
First American Trust
California
-$217K
3
VKH
Virtu KCG Holdings
New York
-$39.5K
4
Citigroup
Citigroup
New York
-$31.1K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$22.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
FFA
1
First Foundation Advisors
California
$2.82M +$2.57M +279,728 +1,013%
Invesco
2
Invesco
Georgia
$2.54M +$44.9K +4,898 +2%
U
3
UBS
Switzerland
$1.97M -$796K -86,724 -29%
GC
4
Guggenheim Capital
Illinois
$1.68M +$707K +77,116 +73%
Wells Fargo
5
Wells Fargo
California
$1.67M +$83.2K +9,069 +5%
Morgan Stanley
6
Morgan Stanley
New York
$1.47M +$17.3K +1,883 +1%
Bank of America
7
Bank of America
North Carolina
$1.05M +$153K +16,629 +17%
LPL Financial
8
LPL Financial
California
$442K -$13.6K -1,480 -3%
TIM
9
Tortoise Investment Management
New York
$331K – – –
CNB
10
City National Bank
California
$319K – – –
CS
11
Credit Suisse
Switzerland
$299K – – –
MBT
12
Montecito Bank & Trust
California
$175K – – –
CAN
13
Cetera Advisor Networks
California
$174K +$52.8K +5,750 +43%
SG Americas Securities
14
SG Americas Securities
New York
$121K +$121K +13,211 New
VKH
15
Virtu KCG Holdings
New York
$117K -$39.5K -4,307 -25%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$113K -$22.9K -2,500 -17%
MA
17
MUFG Americas
New York
$92K -$20.4K -2,225 -18%
SFSIG
18
San Francisco Sentry Investment Group
California
$92K – – –
PCMC
19
Paragon Capital Management (Colorado)
Colorado
$91.9K – – –
DADC
20
D.A. Davidson & Co
Montana
$66K +$66.1K +7,200 New
WCM
21
Windsor Capital Management
Arizona
$33K – – –
Citigroup
22
Citigroup
New York
$24K -$31.1K -3,388 -57%
EMA
23
Efficient Market Advisors
California
$9K – – –
LTFS
24
Ladenburg Thalmann Financial Services
Florida
$9K – – –
TRCT
25
Tower Research Capital (TRC)
New York
$3K -$1.03K -112 -28%
1
2

NCA Hedge Fund Activity: Q4 2013 in Review

26 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q4 2013, worth a combined $15.7M — up 21% from $13M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of NCA and 2 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 7 added.

The largest buyer was First Foundation Advisors, adding an estimated $2.57M. The largest seller was UBS, cutting an estimated $796K.

  • 26 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q4 2013, down from 27 in Q3 2013.
  • Funds reported $15.7M of Nuveen California Municipal Value Fund stock for Q4 2013, up 21% quarter-over-quarter.
  • 2 funds opened new Nuveen California Municipal Value Fund positions in Q4 2013 and 3 closed out, a net change of -1 holder.
  • The largest Nuveen California Municipal Value Fund buyer in Q4 2013 was First Foundation Advisors, an estimated $2.57M added.
  • The largest Nuveen California Municipal Value Fund seller in Q4 2013 was UBS, an estimated $796K sold.

Based on aggregated 13F filings for Q4 2013.