Nuveen California AMT-Free Quality Municipal Income Fund
NKX
39 hedge funds and large institutions have $44M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2014 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 10 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
18% more capital invested
Capital invested by funds: $37.5M → $44M (+$6.56M)
0.56% more ownership
Funds ownership: 7.35% → 7.91% (+0.56%)
7% less funds holding
Funds holding: 42 → 39 (-3)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.7M |
| 2 |
Cohen & Steers
New York
|
+$1.6M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.04M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$564K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$460K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.21M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.08M |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$626K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$410K |
| 5 |
SG Americas Securities
New York
|
-$382K |
NKX Hedge Fund Activity: Q1 2014 in Review
39 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q1 2014, worth a combined $44M — up 18% from $37.5M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NKX and 7 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 11 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.7M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $1.21M sold.
- 39 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2014, down from 42 in Q4 2013.
- Funds reported $44M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2014, up 18% quarter-over-quarter.
- 7 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2014 and 10 closed out, a net change of -3 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2014 was Rivernorth Capital Management, an estimated $2.7M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2014 was Mariner Investment Group, an estimated $1.21M sold.
Based on aggregated 13F filings for Q1 2014.