Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NUVEEN CA DIVI ADV MUN (NAC)

114 + Investors. Track Smart Money conviction in NAC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
1Q ▲
Buyers last Q
62%

Smart Money Signals — NAC

Based on 114 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added NAC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
114 hedge funds hold NAC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding NAC is almost the same as a year ago (+1 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟢

More buyers than sellers — 62% buying

60 buying36 selling
Last quarter: 60 funds were net buyers (20 opened a brand new position + 40 added to an existing one). Only 36 were sellers (26 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+12 vs last Q)

new funds entering per quarter
Funds opening a new NAC position: 13 → 11 → 8 → 20. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 23% medium ■ 15% new
71 out of 114 hedge funds have held NAC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +17%, value -96%

Value
-95%
Shares
+17%
Last quarter: funds added +17% more shares while total portfolio value only changed -96%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

14 → 13 → 11 → 8 → 20 new funds/Q
New funds entering each quarter: 13 → 11 → 8 → 20. A growing number of institutions are discovering NAC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 67% of holders stayed 2+ years

■ 67% veterans ■ 12% 1-2yr ■ 21% new
Of 114 current holders: 76 (67%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
8 of 114 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in NAC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: NAC

How many hedge funds hold NAC — quarterly history vs. share price
Quarterly hedge fund ownership of NAC vs. share price

Market Analysis: NAC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NAC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 0 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
0.8
/ 10
conviction
Hedge Fund Positioning: NAC
2026 Q1 Stats Unlock in 14 days 114 + Investors

Track Smart Money conviction in NAC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 114 104 9.62%
13F Shares 22M 19M 17.04%
Total Value $261M $6.09B -95.72%
New Positions 20 8 +12
Increased Positions 40 46 -6
Closed Positions 10 15 -5
Reduced Positions 26 22 +4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NAC

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Valuation Measures Data as of: --

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Enterprise Value --
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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
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Institutional Holders (2026 Q1)

114 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NAC. Verified SEC 13F-HR filings.

Top 25 institutional holders of NAC — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 DKM Wealth Management, Inc. 1.20% 142,401 $1.7M
2 Integrity Wealth Partners, LLC 1.01% 95,930 $1.1M
3 Ignite Planners, LLC 0.65% 359,057 $4.2M
4 Oder Investment Management, LLC 0.56% 63,057 $735K
5 Atala Financial Inc 0.50% 63,385 $739K
6 Rareview Capital LLC 0.43% 66,281 $740K
7 Southland Equity Partners LLC 0.41% 179,440 $2.1M
8 MELFA WEALTH MANAGEMENT, INC. 0.33% 49,816 $580K
9 Tortuga Wealth Management, Inc 0.23% 18,122 $214K
10 RHS Financial, LLC 0.16% 29,217 $340K
11 Riverview Trust Co 0.15% 10,612 $124K
12 PFG Investments, LLC 0.11% 198,332 $2.3M
13 MKT Advisors LLC 0.09% 22,901 $266K
14 Intellectus Partners, LLC 0.06% 25,000 $293K
15 Castle Rock Wealth Management, LLC 0.06% 23,409 $271K
16 Ascentis Independent Advisors 0.05% 62,311 $726K
17 Cooper Financial Group 0.05% 43,228 $504K
18 WEDBUSH SECURITIES INC 0.04% 123,219 $1K
19 REGATTA CAPITAL GROUP, LLC 0.04% 22,280 $260K
20 ECLECTIC ASSOCIATES INC /ADV 0.04% 24,548 $286K
21 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.03% 41,600 $486K
22 Fermata Advisors, LLC 0.03% 11,500 $134K
23 WHITTIER TRUST CO 0.03% 211,237 $2.4M
24 NWF Advisory Services Inc. 0.02% 18,490 $215K
25 SANDERS MORRIS HARRIS LLC 0.02% 10,000 $116K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — NUVEEN CA DIVI ADV MUN (NAC)

What does the Smart Money Trend signal show for NAC?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added NAC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NAC?

More buyers than sellers — 62% buying: Last quarter: 60 funds were net buyers (20 opened a brand new position + 40 added to an existing one). Only 36 were sellers (26 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NAC holders?

Elite ownership — 46% AUM from top-100 funds: 8 of 114 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in NAC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NAC?

62% of holders stayed for 2+ years: 71 out of 114 hedge funds have held NAC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.