Nuveen California Municipal Value Fund
NCA
47 hedge funds and large institutions have $31.7M invested in Nuveen California Municipal Value Fund in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 7 closing their positions.
20% more capital invested
Capital invested by funds: $26.4M → $31.7M (+$5.26M)
2.34% more ownership
Funds ownership: 9.98% → 12.32% (+2.3%)
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
4% less funds holding
Funds holding: 49 → 47 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.72M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.25M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.17M |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$509K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$363K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$443K |
| 2 |
Morgan Stanley
New York
|
-$372K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$319K |
| 4 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$244K |
| 5 |
SI
Scharf Investments
Los Gatos,
California
|
-$219K |
NCA Hedge Fund Activity: Q4 2018 in Review
47 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q4 2018, worth a combined $31.7M — up 20% from $26.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NCA and 5 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 16 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.72M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $443K sold.
- 47 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q4 2018, down from 49 in Q3 2018.
- Funds reported $31.7M of Nuveen California Municipal Value Fund stock for Q4 2018, up 20% quarter-over-quarter.
- 5 funds opened new Nuveen California Municipal Value Fund positions in Q4 2018 and 7 closed out, a net change of -2 holders.
- The largest Nuveen California Municipal Value Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $2.72M added.
- The largest Nuveen California Municipal Value Fund seller in Q4 2018 was Raymond James Financial Services Advisors, an estimated $443K sold.
Based on aggregated 13F filings for Q4 2018.