Nuveen California AMT-Free Quality Municipal Income Fund
NKX
42 hedge funds and large institutions have $61.7M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2015 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
13% more capital invested
Capital invested by funds: $54.8M → $61.7M (+$6.9M)
8% more funds holding
Funds holding: 39 → 42 (+3)
0.67% more ownership
Funds ownership: 8.93% → 9.59% (+0.67%)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$5.65M |
| 2 |
Morgan Stanley
New York
|
+$816K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$807K |
| 4 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$194K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$193K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMG
Private Management Group
Irvine,
California
|
-$1.55M |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$1.04M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$663K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$310K |
| 5 |
MBT
Montecito Bank & Trust
Santa Barbara,
California
|
-$210K |
NKX Hedge Fund Activity: Q4 2015 in Review
42 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2015, worth a combined $61.7M — up 13% from $54.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NKX positions and 3 closed out — a net gain of 3 holders — while 10 added to existing stakes and 12 trimmed.
The largest buyer was LPL Financial, adding an estimated $5.65M. The largest seller was Private Management Group, cutting an estimated $1.55M.
- 42 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2015, up from 39 in Q3 2015.
- Funds reported $61.7M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2015, up 13% quarter-over-quarter.
- 6 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2015 and 3 closed out, a net change of +3 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2015 was LPL Financial, an estimated $5.65M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2015 was Private Management Group, an estimated $1.55M sold.
Based on aggregated 13F filings for Q4 2015.