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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

42 hedge funds and large institutions have $37.5M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

60% more capital invested

Capital invested by funds: $23.4M → $37.5M (+$14M)

18% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 11

14% more funds holding

Funds holding: 37 → 42 (+5)

2.81% more ownership

Funds ownership: 4.55% → 7.35% (+2.8%)

Holders
42
Holders Change
+5
Holders Change %
+13.51%
% of All Funds
1.22%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
13
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PMG
Private Management Group
California
+$4.57M
2
RCM
Rivernorth Capital Management
Florida
+$4.3M
3
GEM
Global Endowment Management
North Carolina
+$1.43M
4
WA
Whitebox Advisors
Minnesota
+$1.22M
5
MIG
Mariner Investment Group
New York
+$1.22M

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$901K
2
Creative Planning
Creative Planning
Kansas
-$862K
3
TJHA
Thomas J. Herzfeld Advisors
Florida
-$226K
4
TC
TFS Capital
Pennsylvania
-$177K
5
FAAS
First Allied Advisory Services
California
-$141K
Name Holding Trade Value Shares
Change 		Change in
Stake
HK
26
Horizon Kinetics
New York
$232K – – –
SCM
27
Stonebridge Capital Management
California
$145K – – –
CAN
28
Cetera Advisor Networks
California
$144K +$12.2K +1,000 +9%
CA
29
Cetera Advisors
Colorado
$142K -$9.04K -740 -6%
BA
30
Boston Advisors
Massachusetts
$137K – – –
HCMNY
31
Howard Capital Management (New York)
New York
$135K +$136K +11,133 New
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$107K -$11K -900 -9%
EWM
33
Edge Wealth Management
New York
$66K +$23.2K +1,900 +54%
Citigroup
34
Citigroup
New York
$53K +$9.54K +781 +22%
MA
35
MUFG Americas
New York
$48K -$43.5K -3,558 -48%
WT
36
Whittier Trust
California
$39K – – –
EMA
37
Efficient Market Advisors
California
$25K – – –
HNB
38
Huntington National Bank
Ohio
$18K – – –
WCM
39
Windsor Capital Management
Arizona
$14K – – –
OIA
40
Optimum Investment Advisors
Illinois
$12K – – –
TRCT
41
Tower Research Capital (TRC)
New York
$10K -$2.52K -206 -20%
LTFS
42
Ladenburg Thalmann Financial Services
Florida
$5K – – –
Creative Planning
43
Creative Planning
Kansas
$2K -$862K -70,500 -100%
FAAS
44
First Allied Advisory Services
California
– -$141K -11,998 Closed
PP
45
Paloma Partners
Connecticut
– -$139K -11,300 Closed
PFA
46
Pure Financial Advisors
California
– -$126K -10,187 Closed
WAM
47
Wolverine Asset Management
Illinois
– -$6K -500 Closed
Northwestern Mutual Wealth Management
48
Northwestern Mutual Wealth Management
Wisconsin
– -$3K -240 Closed
1
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NKX Hedge Fund Activity: Q4 2013 in Review

42 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2013, worth a combined $37.5M — up 60% from $23.4M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new NKX positions and 5 closed out — a net gain of 5 holders — while 13 added to existing stakes and 11 trimmed.

The largest buyer was Private Management Group, opening a new position worth an estimated $4.57M. The largest seller was Wells Fargo, cutting an estimated $901K.

  • 42 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2013, up from 37 in Q3 2013.
  • Funds reported $37.5M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2013, up 60% quarter-over-quarter.
  • 10 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2013 and 5 closed out, a net change of +5 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2013 was Private Management Group, an estimated $4.57M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2013 was Wells Fargo, an estimated $901K sold.

Based on aggregated 13F filings for Q4 2013.