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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

45 hedge funds and large institutions have $59.2M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 10

5% more capital invested

Capital invested by funds: $56.4M → $59.2M (+$2.75M)

0.28% more ownership

Funds ownership: 9.88% → 10.16% (+0.28%)

10% less funds holding

Funds holding: 50 → 45 (-5)

67% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 6

Holders
45
Holders Change
-5
Holders Change %
-10%
% of All Funds
1.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
15
Reduced
10
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
U
UBS
Switzerland
+$1.48M
2
AAM
Advisors Asset Management
Colorado
+$668K
3
LPL Financial
LPL Financial
California
+$498K
4
AQR Capital Management
AQR Capital Management
Connecticut
+$386K
5
WT
Whittier Trust
California
+$316K

Top Sellers

Rank Fund Capital Flow
1
TC
TFS Capital
Pennsylvania
-$1.22M
2
GEM
Global Endowment Management
North Carolina
-$385K
3
Invesco
Invesco
Georgia
-$251K
4
WAM
Wolverine Asset Management
Illinois
-$185K
5
VKH
Virtu KCG Holdings
New York
-$168K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
26
First Allied Advisory Services
California
$268K +$11.5K +835 +5%
OFG
27
OTA Financial Group
New York
$268K +$271K +19,704 New
RJA
28
Raymond James & Associates
Florida
$263K – – –
SNT
29
Security National Trust
West Virginia
$261K – – –
WS
30
Wedbush Securities
California
$249K +$21.3K +1,550 +9%
RJFSA
31
Raymond James Financial Services Advisors
Florida
$240K – – –
CIBC Private Wealth Group
32
CIBC Private Wealth Group
Georgia
$202K +$199K +14,500 New
CAN
33
Cetera Advisor Networks
California
$171K +$5.15K +375 +3%
OC
34
Oppenheimer & Co
New York
$168K +$206 +15 +0.1%
BA
35
Boston Advisors
Massachusetts
$157K – – –
Stifel Financial
36
Stifel Financial
Missouri
$152K – – –
PFA
37
Pure Financial Advisors
California
$142K – – –
EWM
38
Edge Wealth Management
New York
$75K – – –
AIG
39
American International Group
New York
$71.2K – – –
EMA
40
Efficient Market Advisors
California
$28K – – –
Citigroup
41
Citigroup
New York
$27K – – –
GAM
42
Gemmer Asset Management
California
$14K – – –
OIA
43
Optimum Investment Advisors
Illinois
$14K – – –
Creative Planning
44
Creative Planning
Kansas
$3K – – –
TC
45
TFS Capital
Pennsylvania
– -$1.22M -89,604 Closed
WAM
46
Wolverine Asset Management
Illinois
– -$185K -13,606 Closed
VKH
47
Virtu KCG Holdings
New York
– -$168K -12,345 Closed
SCM
48
Stonebridge Capital Management
California
– -$162K -11,895 Closed
MA
49
MUFG Americas
New York
– -$53K -3,914 Closed
TRCT
50
Tower Research Capital (TRC)
New York
– -$4K -309 Closed
1
2

NKX Hedge Fund Activity: Q3 2014 in Review

45 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q3 2014, worth a combined $59.2M — up 4.9% from $56.4M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of NKX and 2 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 15 added.

The largest buyer was UBS, adding an estimated $1.48M. The largest seller was TFS Capital, exiting entirely with an estimated $1.22M sold.

  • 45 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q3 2014, down from 50 in Q2 2014.
  • Funds reported $59.2M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q3 2014, up 4.9% quarter-over-quarter.
  • 2 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q3 2014 and 6 closed out, a net change of -4 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q3 2014 was UBS, an estimated $1.48M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q3 2014 was TFS Capital, an estimated $1.22M sold.

Based on aggregated 13F filings for Q3 2014.