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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

45 hedge funds and large institutions have $62M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

7% more funds holding

Funds holding: 42 → 45 (+3)

0% more capital invested

Capital invested by funds: $61.7M → $62M (+$219K)

0.7% less ownership

Funds ownership: 9.59% → 8.89% (-0.7%)

53% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 15

Holders
45
Holders Change
+3
Holders Change %
+7.14%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
7
Reduced
15
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WT
Whittier Trust
California
+$628K
2
AAM
Advisors Asset Management
Colorado
+$547K
3
GC
Guggenheim Capital
Illinois
+$409K
4
Morgan Stanley
Morgan Stanley
New York
+$395K
5
VHAM
Van Hulzen Asset Management
California
+$271K

Top Sellers

Rank Fund Capital Flow
1
LCM
Leisure Capital Management
California
-$2.27M
2
PMG
Private Management Group
California
-$1.36M
3
UBS Group
UBS Group
Switzerland
-$1.21M
4
Cohen & Steers
Cohen & Steers
New York
-$767K
5
IA
IFP Advisors
Florida
-$400K
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
26
Hollencrest Capital Management
California
$265K -$50.2K -3,200 -16%
CIBC Private Wealth Group
27
CIBC Private Wealth Group
Georgia
$256K +$47.1K +3,000 +23%
OFG
28
OTA Financial Group
New York
$252K +$248K +15,782 New
ACM
29
Alethea Capital Management
Washington
$222K -$2.81K -179 -1%
BOS
30
Bank of Stockton
California
$216K +$211K +13,462 New
IWMPD
31
Integrated Wealth Management (Palm Desert)
California
$187K – – –
SWP
32
Stratos Wealth Partners
Ohio
$185K – – –
BA
33
Boston Advisors
Massachusetts
$181K – – –
FAAS
34
First Allied Advisory Services
California
$168K – – –
PFA
35
Pure Financial Advisors
California
$163K – – –
MWM
36
Mission Wealth Management
California
$162K +$159K +10,138 New
CA
37
Cetera Advisors
Colorado
$161K +$157K +10,028 New
AIG
38
American International Group
New York
$82K – – –
MFS
39
MSI Financial Services
Massachusetts
$66K – – –
GBBWRPM
40
Genovese Burford & Brothers Wealth & Retirement Plan Management
California
$35K – – –
Citigroup
41
Citigroup
New York
$31K – – –
HNB
42
Huntington National Bank
Ohio
$22K – – –
GAM
43
Gemmer Asset Management
California
$16K – – –
US Bancorp
44
US Bancorp
Minnesota
$13K +$12.3K +785 New
GWM
45
Geneos Wealth Management
Colorado
$6K +$6.43K +410 New
Creative Planning
46
Creative Planning
Kansas
$3K -$176K -11,190 -98%
SFPIA
47
Stevens First Principles Investment Advisors
California
$1K – – –
IA
48
IFP Advisors
Florida
– -$400K -26,038 Closed
VKH
49
Virtu KCG Holdings
New York
– -$199K -12,940 Closed
EMA
50
Efficient Market Advisors
California
– -$31K -2,023 Closed
1
2

NKX Hedge Fund Activity: Q1 2016 in Review

45 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 2016, worth a combined $62M — up 0.35% from $61.7M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new NKX positions and 4 closed out — a net gain of 3 holders — while 7 added to existing stakes and 15 trimmed.

The largest buyer was Whittier Trust, adding an estimated $628K. The largest seller was Leisure Capital Management, exiting entirely with an estimated $2.27M sold.

  • 45 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2016, up from 42 in Q4 2015.
  • Funds reported $62M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2016, up 0.35% quarter-over-quarter.
  • 7 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2016 and 4 closed out, a net change of +3 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2016 was Whittier Trust, an estimated $628K added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2016 was Leisure Capital Management, an estimated $2.27M sold.

Based on aggregated 13F filings for Q1 2016.