Nuveen California AMT-Free Quality Municipal Income Fund
NKX
37 hedge funds and large institutions have $23.4M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
19% more funds holding
Funds holding: 31 → 37 (+6)
10% more capital invested
Capital invested by funds: $21.3M → $23.4M (+$2.1M)
0.77% more ownership
Funds ownership: 3.78% → 4.55% (+0.77%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.27M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$884K |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$659K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$458K |
| 5 |
LPL Financial
San Diego,
California
|
+$436K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$517K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$313K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$301K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$294K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$31.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $120K | +$20.6K | +1,679 | +21% |
|
|
MA
27
MUFG Americas
New York
| $92K | +$43.7K | +3,558 | +91% |
|
28
Citigroup
New York
| $44K | +$20.2K | +1,640 | +85% |
|
|
EWM
29
Edge Wealth Management
New York
| $43K | +$43K | +3,500 | New |
|
|
WT
30
Whittier Trust
South Pasadena,
California
| $40K | – | – | – |
|
|
EMA
31
Efficient Market Advisors
San Diego,
California
| $25K | – | – | – |
|
|
HNB
32
Huntington National Bank
Columbus,
Ohio
| $19K | – | – | – |
|
|
WCM
33
Windsor Capital Management
Phoenix,
Arizona
| $14K | – | – | – |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| $13K | +$7.56K | +615 | +150% |
|
|
OIA
35
Optimum Investment Advisors
Chicago,
Illinois
| $13K | +$12.6K | +1,025 | New |
|
|
WAM
36
Wolverine Asset Management
Chicago,
Illinois
| $6K | -$313K | -25,433 | -98% |
|
|
LTFS
37
Ladenburg Thalmann Financial Services
Miami,
Florida
| $5K | – | – | – |
|
38
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $3K | +$2.95K | +240 | New |
|
39
Ameriprise
Minneapolis,
Minnesota
| – | -$14K | -1,067 | Closed |
|
NKX Hedge Fund Activity: Q3 2013 in Review
37 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q3 2013, worth a combined $23.4M — up 9.8% from $21.3M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NKX positions and 1 closed out — a net gain of 6 holders — while 13 added to existing stakes and 10 trimmed.
The largest buyer was TFS Capital, opening a new position worth an estimated $1.27M. The largest seller was Invesco, cutting an estimated $517K.
- 37 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q3 2013, up from 31 in Q2 2013.
- Funds reported $23.4M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q3 2013, up 9.8% quarter-over-quarter.
- 7 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q3 2013 and 1 closed out, a net change of +6 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q3 2013 was TFS Capital, an estimated $1.27M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q3 2013 was Invesco, an estimated $517K sold.
Based on aggregated 13F filings for Q3 2013.