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Nuveen California Municipal Value Fund
NCA

60 hedge funds and large institutions have $44.5M invested in Nuveen California Municipal Value Fund in 2021 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 19 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 6

111% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 9

30% more funds holding

Funds holding: 46 → 60 (+14)

26% more capital invested

Capital invested by funds: $35.3M → $44.5M (+$9.24M)

1.52% more ownership

Funds ownership: 11.63% → 13.16% (+1.5%)

Holders
60
Holders Change
+14
Holders Change %
+30.43%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
20
Increased
19
Reduced
9
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$3.09M
2
Morgan Stanley
Morgan Stanley
New York
+$1.95M
3
1CP
1607 Capital Partners
Virginia
+$1.81M
4
WAM
Wolverine Asset Management
Illinois
+$895K
5
LPL Financial
LPL Financial
California
+$644K

Top Sellers

Rank Fund Capital Flow
1
HWA
HCR Wealth Advisors
California
-$388K
2
Stifel Financial
Stifel Financial
Missouri
-$359K
3
SWP
Stratos Wealth Partners
Ohio
-$224K
4
AAM
Advisors Asset Management
Colorado
-$223K
5
Millennium Management
Millennium Management
New York
-$220K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$7.11M +$1.95M +186,065 +37%
FFA
2
First Foundation Advisors
California
$6.58M -$40.8K -3,898 -0.6%
GC
3
Guggenheim Capital
Illinois
$4.33M +$14K +1,338 +0.3%
UBS Group
4
UBS Group
Switzerland
$3.71M +$275K +26,220 +8%
RCM
5
Rivernorth Capital Management
Florida
$3.02M +$3.09M +294,972 New
Wells Fargo
6
Wells Fargo
California
$2.52M +$20.7K +1,977 +0.8%
1CP
7
1607 Capital Partners
Virginia
$1.77M +$1.81M +172,897 New
TIM
8
Tortoise Investment Management
New York
$1.63M +$487K +46,463 +41%
LPL Financial
9
LPL Financial
California
$904K +$644K +61,449 +227%
WAM
10
Wolverine Asset Management
Illinois
$873K +$895K +85,471 New
AAM
11
Advisors Asset Management
Colorado
$819K -$223K -21,257 -21%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$658K -$80.4K -7,670 -11%
Commonwealth Equity Services
13
Commonwealth Equity Services
Massachusetts
$618K -$50.6K -4,827 -7%
OPCM
14
Osborne Partners Capital Management
California
$569K +$584K +55,700 New
WA
15
Winfield Associates
Ohio
$529K – – –
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$489K +$85K +8,111 +20%
Osaic Holdings
17
Osaic Holdings
Arizona
$442K +$37.2K +3,547 +9%
CCM
18
Coe Capital Management
Illinois
$414K – – –
KAS
19
Kestra Advisory Services
Texas
$401K +$411K +39,215 New
Bank of America
20
Bank of America
North Carolina
$392K +$70.2K +6,697 +21%
C
21
Certuity
Florida
$388K +$397K +37,931 New
EAM
22
Evanson Asset Management
California
$381K +$390K +37,265 New
RCM
23
RB Capital Management
Nevada
$358K +$142K +13,536 +63%
BRWM
24
B. Riley Wealth Management
Tennessee
$345K +$354K +33,782 New
MA
25
Mutual Advisors
Nebraska
$337K +$2.18K +208 +0.6%
1
2 3

NCA Hedge Fund Activity: Q1 2021 in Review

60 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q1 2021, worth a combined $44.5M — up 26% from $35.3M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new NCA positions and 6 closed out — a net gain of 14 holders — while 19 added to existing stakes and 9 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.09M. The largest seller was HCR Wealth Advisors, cutting an estimated $388K.

  • 60 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q1 2021, up from 46 in Q4 2020.
  • Funds reported $44.5M of Nuveen California Municipal Value Fund stock for Q1 2021, up 26% quarter-over-quarter.
  • 20 funds opened new Nuveen California Municipal Value Fund positions in Q1 2021 and 6 closed out, a net change of +14 holders.
  • The largest Nuveen California Municipal Value Fund buyer in Q1 2021 was Rivernorth Capital Management, an estimated $3.09M added.
  • The largest Nuveen California Municipal Value Fund seller in Q1 2021 was HCR Wealth Advisors, an estimated $388K sold.

Based on aggregated 13F filings for Q1 2021.