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Nuveen California Municipal Value Fund
NCA

25 hedge funds and large institutions have $17.4M invested in Nuveen California Municipal Value Fund in 2014 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

24% more capital invested

Capital invested by funds: $14.1M → $17.4M (+$3.34M)

9% more funds holding

Funds holding: 23 → 25 (+2)

1.11% more ownership

Funds ownership: 5.72% → 6.83% (+1.1%)

0% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 7

Holders
25
Holders Change
+2
Holders Change %
+8.7%
% of All Funds
0.72%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
7
Reduced
7
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FFA
First Foundation Advisors
California
+$3.31M
2
CNB
City National Bank
California
+$295K
3
U
UBS
Switzerland
+$210K
4
GC
Guggenheim Capital
Illinois
+$205K
5
Morgan Stanley
Morgan Stanley
New York
+$76.2K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$646K
2
Invesco
Invesco
Georgia
-$213K
3
Bank of America
Bank of America
North Carolina
-$204K
4
First Trust Advisors
First Trust Advisors
Illinois
-$173K
5
TIM
Tortoise Investment Management
New York
-$129K
Name Holding Trade Value Shares
Change 		Change in
Stake
FFA
1
First Foundation Advisors
California
$3.38M +$3.31M +334,517 New
U
2
UBS
Switzerland
$2.58M +$210K +21,214 +9%
GC
3
Guggenheim Capital
Illinois
$2.54M +$205K +20,753 +9%
Invesco
4
Invesco
Georgia
$2.32M -$213K -21,542 -9%
Morgan Stanley
5
Morgan Stanley
New York
$1.74M +$76.2K +7,704 +5%
Wells Fargo
6
Wells Fargo
California
$1.47M -$646K -65,279 -31%
Bank of America
7
Bank of America
North Carolina
$717K -$204K -20,606 -22%
CNB
8
City National Bank
California
$601K +$295K +29,842 +100%
LPL Financial
9
LPL Financial
California
$506K +$14.6K +1,471 +3%
CS
10
Credit Suisse
Switzerland
$328K – – –
TIM
11
Tortoise Investment Management
New York
$232K -$129K -13,062 -36%
CAN
12
Cetera Advisor Networks
California
$224K +$12.4K +1,250 +6%
MBT
13
Montecito Bank & Trust
California
$182K -$10.4K -1,054 -6%
EMA
14
Efficient Market Advisors
California
$114K – – –
PCMC
15
Paragon Capital Management (Colorado)
Colorado
$101K – – –
SFSIG
16
San Francisco Sentry Investment Group
California
$101K – – –
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$89K – – –
DADC
18
D.A. Davidson & Co
Montana
$72K – – –
MA
19
MUFG Americas
New York
$64K -$11.9K -1,200 -16%
GAM
20
Gemmer Asset Management
California
$47K +$46.4K +4,688 New
Citigroup
21
Citigroup
New York
$25K -$2.25K -227 -8%
AIG
22
American International Group
New York
$10.1K +$9.89K +1,000 New
LTFS
23
Ladenburg Thalmann Financial Services
Florida
$10K – – –
NES
24
New England Securities
New York
$1K – – –
TRCT
25
Tower Research Capital (TRC)
New York
$1K +$990 +100 +233%
1
2

NCA Hedge Fund Activity: Q2 2014 in Review

25 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q2 2014, worth a combined $17.4M — up 24% from $14.1M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new NCA positions and 1 closed out — a net gain of 2 holders — while 7 added to existing stakes and 7 trimmed.

The largest buyer was First Foundation Advisors, opening a new position worth an estimated $3.31M. The largest seller was Wells Fargo, cutting an estimated $646K.

  • 25 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q2 2014, up from 23 in Q1 2014.
  • Funds reported $17.4M of Nuveen California Municipal Value Fund stock for Q2 2014, up 24% quarter-over-quarter.
  • 3 funds opened new Nuveen California Municipal Value Fund positions in Q2 2014 and 1 closed out, a net change of +2 holders.
  • The largest Nuveen California Municipal Value Fund buyer in Q2 2014 was First Foundation Advisors, an estimated $3.31M added.
  • The largest Nuveen California Municipal Value Fund seller in Q2 2014 was Wells Fargo, an estimated $646K sold.

Based on aggregated 13F filings for Q2 2014.