Nuveen California Municipal Value Fund 2
NCB was delisted on the 5th of March, 2021.
12 hedge funds and large institutions have $2.68M invested in Nuveen California Municipal Value Fund 2 in 2013 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
10% more capital invested
Capital invested by funds: $2.43M → $2.68M (+$248K)
9% more funds holding
Funds holding: 11 → 12 (+1)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$460K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$270K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$52.2K |
| 4 |
EMA
Efficient Market Advisors
San Diego,
California
|
+$29.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$251K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$108K |
| 3 |
Morgan Stanley
New York
|
-$79.8K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$51.4K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$19.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AAM
1
Advisors Asset Management
Monument,
Colorado
| $611K | -$108K | -7,332 | -15% |
|
|
2
Morgan Stanley
New York
| $609K | -$79.8K | -5,434 | -12% |
|
|
TIM
3
Tortoise Investment Management
White Plains,
New York
| $465K | +$460K | +31,300 | New |
|
|
4
Bank of America
Charlotte,
North Carolina
| $332K | +$52.2K | +3,555 | +19% |
|
|
DA
5
Doliver Advisors
Houston,
Texas
| $273K | +$270K | +18,343 | New |
|
6
Citigroup
New York
| $196K | -$2.59K | -176 | -1% |
|
|
7
Wells Fargo
San Francisco,
California
| $85K | -$51.4K | -3,501 | -38% |
|
|
EMA
8
Efficient Market Advisors
San Diego,
California
| $59K | +$29.4K | +2,000 | +100% |
|
|
LTFS
9
Ladenburg Thalmann Financial Services
Miami,
Florida
| $40K | -$19.1K | -1,300 | -33% |
|
|
TJHA
10
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $6K | – | – | – |
|
11
Royal Bank of Canada
Toronto,
Ontario, Canada
| $3K | – | – | – |
|
|
U
12
UBS
Zurich,
Switzerland
| $1K | -$3.83K | -261 | -76% |
|
|
TC
13
TFS Capital
West Chester,
Pennsylvania
| – | -$251K | -16,440 | Closed |
|
NCB Hedge Fund Activity: Q3 2013 in Review
12 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Municipal Value Fund 2 (NCB) for Q3 2013, worth a combined $2.68M — up 10% from $2.43M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new NCB positions and 1 closed out — a net gain of 1 holder — while 2 added to existing stakes and 6 trimmed.
The largest buyer was Tortoise Investment Management, opening a new position worth an estimated $460K. The largest seller was TFS Capital, exiting entirely with an estimated $251K sold.
- 12 institutional investors held Nuveen California Municipal Value Fund 2 (NCB) as of Q3 2013, up from 11 in Q2 2013.
- Funds reported $2.68M of Nuveen California Municipal Value Fund 2 stock for Q3 2013, up 10% quarter-over-quarter.
- 2 funds opened new Nuveen California Municipal Value Fund 2 positions in Q3 2013 and 1 closed out, a net change of +1 holder.
- The largest Nuveen California Municipal Value Fund 2 buyer in Q3 2013 was Tortoise Investment Management, an estimated $460K added.
- The largest Nuveen California Municipal Value Fund 2 seller in Q3 2013 was TFS Capital, an estimated $251K sold.
Based on aggregated 13F filings for Q3 2013.