Nuveen California Municipal Value Fund
NCA
23 hedge funds and large institutions have $14.1M invested in Nuveen California Municipal Value Fund in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 4 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
1.04% less ownership
Funds ownership: 6.76% → 5.72% (-1%)
10% less capital invested
Capital invested by funds: $15.7M → $14.1M (-$1.6M)
12% less funds holding
Funds holding: 26 → 23 (-3)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$461K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$279K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$189K |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$169K |
| 5 |
EMA
Efficient Market Advisors
San Diego,
California
|
+$97.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFA
First Foundation Advisors
Irvine,
California
|
-$2.82M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$230K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$217K |
| 4 |
SG Americas Securities
New York
|
-$121K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$117K |
NCA Hedge Fund Activity: Q1 2014 in Review
23 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q1 2014, worth a combined $14.1M — down 10% from $15.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NCA and 1 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was Guggenheim Capital, adding an estimated $461K. The largest seller was First Foundation Advisors, exiting entirely with an estimated $2.82M sold.
- 23 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q1 2014, down from 26 in Q4 2013.
- Funds reported $14.1M of Nuveen California Municipal Value Fund stock for Q1 2014, down 10% quarter-over-quarter.
- 1 fund opened new Nuveen California Municipal Value Fund positions in Q1 2014 and 4 closed out, a net change of -3 holders.
- The largest Nuveen California Municipal Value Fund buyer in Q1 2014 was Guggenheim Capital, an estimated $461K added.
- The largest Nuveen California Municipal Value Fund seller in Q1 2014 was First Foundation Advisors, an estimated $2.82M sold.
Based on aggregated 13F filings for Q1 2014.