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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

47 hedge funds and large institutions have $61.7M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

2% more funds holding

Funds holding: 46 → 47 (+1)

1.02% less ownership

Funds ownership: 10.88% → 9.86% (-1%)

8% less capital invested

Capital invested by funds: $67.1M → $61.7M (-$5.46M)

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

Holders
47
Holders Change
+1
Holders Change %
+2.17%
% of All Funds
1.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
9
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MSL
Mackay Shields LLC
New York
+$1.05M
2
Bank of America
Bank of America
North Carolina
+$637K
3
AAM
Advisors Asset Management
Colorado
+$590K
4
LPL Financial
LPL Financial
California
+$258K
5
ACM
Alethea Capital Management
Washington
+$200K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$6.63M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$1.52M
3
KIM
Karpus Investment Management
New York
-$450K
4
Cohen & Steers
Cohen & Steers
New York
-$305K
5
GC
Guggenheim Capital
Illinois
-$225K
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
26
Wedbush Securities
California
$229K -$50.5K -3,409 -18%
DI
27
Diligent Investors
California
$220K – – –
RJA
28
Raymond James & Associates
Florida
$216K -$65.1K -4,390 -23%
AA
29
AQR Arbitrage
Connecticut
$206K +$204K +13,760 New
ACM
30
Alethea Capital Management
Washington
$202K +$200K +13,500 New
CAN
31
Cetera Advisor Networks
California
$185K – – –
BA
32
Boston Advisors
Massachusetts
$168K – – –
FAAS
33
First Allied Advisory Services
California
$165K -$1.39K -94 -0.8%
PFA
34
Pure Financial Advisors
California
$152K – – –
EWM
35
Edge Wealth Management
New York
$81K – – –
AIG
36
American International Group
New York
$76.4K – – –
US Bancorp
37
US Bancorp
Minnesota
$64K +$63.3K +4,270 New
MFS
38
MSI Financial Services
Massachusetts
$61K – – –
EMA
39
Efficient Market Advisors
California
$30K – – –
Citigroup
40
Citigroup
New York
$29K – – –
HNB
41
Huntington National Bank
Ohio
$22K +$22.2K +1,500 New
GAM
42
Gemmer Asset Management
California
$15K – – –
OIA
43
Optimum Investment Advisors
Illinois
$15K – – –
IWMPD
44
Integrated Wealth Management (Palm Desert)
California
$5K +$5.5K +371 New
Creative Planning
45
Creative Planning
Kansas
$3K – – –
CFA
46
Carroll Financial Associates
North Carolina
$1K – – –
AQR Capital Management
47
AQR Capital Management
Connecticut
– -$1.52M -102,941 Closed
KIM
48
Karpus Investment Management
New York
– -$450K -30,500 Closed
Stifel Financial
49
Stifel Financial
Missouri
– -$161K -10,923 Closed
NPC
50
National Planning Corporation
California
– -$30.4K -2,048 Closed
1
2
3

NKX Hedge Fund Activity: Q1 2015 in Review

47 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q1 2015, worth a combined $61.7M — down 8.1% from $67.1M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new NKX positions and 6 closed out — a net gain of 1 holder — while 9 added to existing stakes and 12 trimmed.

The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $1.05M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.63M.

  • 47 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2015, up from 46 in Q4 2014.
  • Funds reported $61.7M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2015, down 8.1% quarter-over-quarter.
  • 7 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2015 and 6 closed out, a net change of +1 holder.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2015 was Mackay Shields LLC, an estimated $1.05M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2015 was Rivernorth Capital Management, an estimated $6.63M sold.

Based on aggregated 13F filings for Q1 2015.