Nuveen California Municipal Value Fund
NCA
63 hedge funds and large institutions have $75.5M invested in Nuveen California Municipal Value Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
29% more capital invested
Capital invested by funds: $58.6M → $75.5M (+$16.9M)
15% more funds holding
Funds holding: 55 → 63 (+8)
3.88% more ownership
Funds ownership: 21.56% → 25.44% (+3.9%)
0% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$12.4M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$544K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$441K |
| 4 |
VF
Virtu Financial
New York
|
+$271K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$230K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.84M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$384K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$363K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$268K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$238K |
NCA Hedge Fund Activity: Q4 2023 in Review
63 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund (NCA) for Q4 2023, worth a combined $75.5M — up 29% from $58.6M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NCA positions and 4 closed out — a net gain of 9 holders — while 17 added to existing stakes and 17 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $12.4M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.84M.
- 63 institutional investors held Nuveen California Municipal Value Fund (NCA) as of Q4 2023, up from 55 in Q3 2023.
- Funds reported $75.5M of Nuveen California Municipal Value Fund stock for Q4 2023, up 29% quarter-over-quarter.
- 13 funds opened new Nuveen California Municipal Value Fund positions in Q4 2023 and 4 closed out, a net change of +9 holders.
- The largest Nuveen California Municipal Value Fund buyer in Q4 2023 was Morgan Stanley, an estimated $12.4M added.
- The largest Nuveen California Municipal Value Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $1.84M sold.
Based on aggregated 13F filings for Q4 2023.