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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

50 hedge funds and large institutions have $56.4M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 3 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

533% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 3

367% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 3

28% more funds holding

Funds holding: 39 → 50 (+11)

28% more capital invested

Capital invested by funds: $44M → $56.4M (+$12.4M)

1.97% more ownership

Funds ownership: 7.91% → 9.88% (+2%)

Holders
50
Holders Change
+11
Holders Change %
+28.21%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
19
Reduced
3
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$1.46M
2
TC
TFS Capital
Pennsylvania
+$1.22M
3
U
UBS
Switzerland
+$1.15M
4
AAM
Advisors Asset Management
Colorado
+$975K
5
LPL Financial
LPL Financial
California
+$859K

Top Sellers

Rank Fund Capital Flow
1
GEM
Global Endowment Management
North Carolina
-$747K
2
HK
Horizon Kinetics
New York
-$200K
3
First Trust Advisors
First Trust Advisors
Illinois
-$145K
4
AllianceBernstein
AllianceBernstein
Tennessee
-$134K
5
AQR Capital Management
AQR Capital Management
Connecticut
-$76.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$258K +$256K +18,874 New
SNT
27
Security National Trust
West Virginia
$256K +$59.7K +4,398 +31%
FAAS
28
First Allied Advisory Services
California
$251K +$250K +18,410 New
RJFSA
29
Raymond James Financial Services Advisors
Florida
$235K +$233K +17,200 New
WS
30
Wedbush Securities
California
$223K +$57.7K +4,250 +35%
DA
31
Doliver Advisors
Texas
$187K +$186K +13,694 New
WAM
32
Wolverine Asset Management
Illinois
$185K +$185K +13,606 New
VKH
33
Virtu KCG Holdings
New York
$168K +$168K +12,345 New
CAN
34
Cetera Advisor Networks
California
$165K +$692 +51 +0.4%
OC
35
Oppenheimer & Co
New York
$164K +$163K +12,013 New
SCM
36
Stonebridge Capital Management
California
$162K – – –
BA
37
Boston Advisors
Massachusetts
$154K – – –
Stifel Financial
38
Stifel Financial
Missouri
$149K +$148K +10,923 New
PFA
39
Pure Financial Advisors
California
$139K – – –
EWM
40
Edge Wealth Management
New York
$74K – – –
AIG
41
American International Group
New York
$69.8K +$69.4K +5,114 New
MA
42
MUFG Americas
New York
$53K – – –
WT
43
Whittier Trust
California
$44K – – –
EMA
44
Efficient Market Advisors
California
$28K – – –
Citigroup
45
Citigroup
New York
$26K – – –
GAM
46
Gemmer Asset Management
California
$14K – – –
OIA
47
Optimum Investment Advisors
Illinois
$14K – – –
TRCT
48
Tower Research Capital (TRC)
New York
$4K – – –
Creative Planning
49
Creative Planning
Kansas
$3K – – –
CFA
50
Carroll Financial Associates
North Carolina
$1K +$692 +51 New
1
2
3

NKX Hedge Fund Activity: Q2 2014 in Review

50 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q2 2014, worth a combined $56.4M — up 28% from $44M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NKX positions and 3 closed out — a net gain of 11 holders — while 19 added to existing stakes and 3 trimmed.

The largest buyer was Invesco, adding an estimated $1.46M. The largest seller was Global Endowment Management, cutting an estimated $747K.

  • 50 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q2 2014, up from 39 in Q1 2014.
  • Funds reported $56.4M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q2 2014, up 28% quarter-over-quarter.
  • 14 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q2 2014 and 3 closed out, a net change of +11 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q2 2014 was Invesco, an estimated $1.46M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q2 2014 was Global Endowment Management, an estimated $747K sold.

Based on aggregated 13F filings for Q2 2014.