Tortoise Investment Management, LLC NCA — NUVEEN CALIF MUN VALUE FD

Ownership history in Tortoise Investment Management, LLC  ·  38 quarters on record

AI Ownership Summary

Tortoise Investment Management, LLC reported NUVEEN CALIF MUN VALUE FD (NCA) in 38 quarterly 13F filings from 2023 Q4 through 2025 Q3. Peak portfolio weight reached 0.12% in 2023 Q4. The latest visible filing shows NCA at 0.00% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this NCA ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Tortoise Investment Management, LLC's position in NUVEEN CALIF MUN VALUE FD, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q3

NCA was reported at 0.00% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.12% in 2023 Q4

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2025 Q3

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

NCA stock page Tortoise Investment Management, LLC fund profile Tortoise Investment Management, LLC full holdings
How Tortoise Investment Management, LLC held NCA — position size vs. price
% of Fund (quarterly)    NCA price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 8 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q3 REDUCED 71.6% -0.3% ✅ 3,830 -9,643 -71.6% 0.00% $34K 2025-11-13 $8.91
2025 Q2 REDUCED 49.4% +1.6% ❌ 13,473 -13,135 -49.4% 0.01% $117K 2025-08-08 $8.31
2025 Q1 REDUCED 21.9% +1.3% ❌ 26,608 -7,455 -21.9% 0.02% $230K 2025-05-14 $8.17
2024 Q4 REDUCED 7.3% +3.5% ❌ 34,063 -2,675 -7.3% 0.03% $288K 2025-02-07 $8.15
2024 Q3 REDUCED 43.7% -6.8% ✅ 36,738 -28,472 -43.7% 0.04% $335K 2024-11-13 $8.17
2024 Q2 REDUCED 24.0% +6.2% ❌ 65,210 -20,586 -24.0% 0.06% $565K 2024-08-01 $8.30
2024 Q1 REDUCED 13.1% -3.0% ✅ 85,796 -12,959 -13.1% 0.09% $772K 2024-05-09 $8.12
2023 Q4 REDUCED 20.1% +1.9% ❌ 98,755 -24,836 -20.1% 0.12% $888K 2024-02-08 $8.18
30 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding NCA

As of 2026 Q1 — sorted by position size

MELFA WEALTH MANAGEMENT, INC. 3Y 0.44% Atlas Private Wealth Advisors 3Y 0.33% REGATTA CAPITAL GROUP, LLC 3Y 0.26% Sterling Group Wealth Management, LLC 3Y 0.24% Ducere Wealth Management LLC 0.23% SWEENEY & MICHEL, LLC 0.19% Advisors Asset Management, Inc. 3Y 7Y 0.15% Hennion & Walsh Asset Management, Inc. 3Y 0.13% DKM Wealth Management, Inc. 0.12% Arlington Financial Advisors, LLC 3Y 7Y 0.05%

FAQ About Tortoise Investment Management, LLC and NCA

These are the practical questions this page is built to answer before you even open the full history table.

How long has Tortoise Investment Management, LLC reported owning NCA?

Tortoise Investment Management, LLC reported NCA across 8 quarterly 13F filings, from 2023 Q4 through 2025 Q3.

What was the largest reported NCA position in Tortoise Investment Management, LLC's portfolio?

The largest reported portfolio weight for NCA was 0.12% in 2023 Q4.

What is the latest reported NCA position on this page?

The most recent filing on this page is 2025 Q3, when Tortoise Investment Management, LLC reported 3,830 shares, equal to 0.00% of portfolio, with an estimated market value of $34K.

What does the chart on this NCA ownership page compare?

The chart compares Tortoise Investment Management, LLC's quarterly NCA portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did Tortoise Investment Management, LLC time their NCA position?

Based on 13F filing dates vs. subsequent NCA price moves, Tortoise Investment Management, LLC correctly timed 18 out of 35 reported position changes (51%). The annualised alpha on NCA relative to SPY over the holding period was -8.7%.

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