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Nuveen California Municipal Value Fund
NCA

62 hedge funds and large institutions have $61.5M invested in Nuveen California Municipal Value Fund in 2022 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 6

26% more capital invested

Capital invested by funds: $48.8M → $61.5M (+$12.7M)

15% more funds holding

Funds holding: 54 → 62 (+8)

4.07% more ownership

Funds ownership: 17.9% → 21.97% (+4.1%)

7% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 15

Holders
62
Holders Change
+8
Holders Change %
+14.81%
% of All Funds
1%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
15
Increased
16
Reduced
15
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$2.11M
2
UBS Group
UBS Group
Switzerland
+$1.91M
3
WP
Woodline Partners
California
+$1.16M
4
RCG
Regatta Capital Group
California
+$1.15M
5
HWAM
Hennion & Walsh Asset Management
New Jersey
+$1.03M

Top Sellers

1
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
-$2.24M
2
Morgan Stanley
Morgan Stanley
New York
-$781K
3
MA
Mutual Advisors
Nebraska
-$371K
4
OIA
OneDigital Investment Advisors
Kansas
-$216K
5
LPL Financial
LPL Financial
California
-$204K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$7.5M -$781K -92,843 -9%
RCM
2
Rivernorth Capital Management
Florida
$6.9M +$2.11M +251,259 +44%
1CP
3
1607 Capital Partners
Virginia
$5.71M +$653K +77,605 +13%
GC
4
Guggenheim Capital
Illinois
$5.44M +$645K +76,655 +14%
UBS Group
5
UBS Group
Switzerland
$5.12M +$1.91M +226,959 +60%
Wells Fargo
6
Wells Fargo
California
$4.88M +$967K +114,993 +25%
AAM
7
Advisors Asset Management
Colorado
$3.53M +$826K +98,284 +31%
SGWM
8
Sterling Group Wealth Management
California
$3.13M +$3.12M +370,547 New
Allspring Global Investments
9
Allspring Global Investments
North Carolina
$2.96M – – –
HWAM
10
Hennion & Walsh Asset Management
New Jersey
$1.86M +$1.03M +122,205 +124%
TIM
11
Tortoise Investment Management
New York
$1.84M -$75.8K -9,015 -4%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$1.18M +$599K +71,269 +104%
WP
13
Woodline Partners
California
$1.17M +$1.16M +138,082 New
RCG
14
Regatta Capital Group
California
$1.15M +$1.15M +136,682 New
FFA
15
First Foundation Advisors
California
$1.12M +$365K +43,378 +49%
LPL Financial
16
LPL Financial
California
$869K -$204K -24,306 -19%
RJFSA
17
Raymond James Financial Services Advisors
Florida
$738K +$86.9K +10,332 +13%
MWM
18
Melfa Wealth Management
Massachusetts
$724K +$721K +85,737 New
Bank of America
19
Bank of America
North Carolina
$465K +$326K +38,815 +239%
OPCM
20
Osborne Partners Capital Management
California
$406K -$16.8K -2,000 -4%
Osaic Holdings
21
Osaic Holdings
Arizona
$348K +$975 +116 +0.3%
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$330K -$31.7K -3,772 -9%
SIA
23
Schechter Investment Advisors
Michigan
$329K -$8.57K -1,019 -3%
DADC
24
D.A. Davidson & Co
Montana
$281K +$1.02K +121 +0.4%
AA
25
AQR Arbitrage
Connecticut
$279K -$4.66K -554 -2%
1
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NCA Hedge Fund Activity: Q4 2022 in Review

62 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q4 2022, worth a combined $61.5M — up 26% from $48.8M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new NCA positions and 6 closed out — a net gain of 9 holders — while 16 added to existing stakes and 15 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $2.11M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $2.24M sold.

  • 62 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q4 2022, up from 54 in Q3 2022.
  • Funds reported $61.5M of Nuveen California Municipal Value Fund stock for Q4 2022, up 26% quarter-over-quarter.
  • 15 funds opened new Nuveen California Municipal Value Fund positions in Q4 2022 and 6 closed out, a net change of +9 holders.
  • The largest Nuveen California Municipal Value Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $2.11M added.
  • The largest Nuveen California Municipal Value Fund seller in Q4 2022 was Fiera Capital (Canada), an estimated $2.24M sold.

Based on aggregated 13F filings for Q4 2022.