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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

42 hedge funds and large institutions have $57.7M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.15% less ownership

Funds ownership: 8.89% → 7.74% (-1.2%)

7% less funds holding

Funds holding: 45 → 42 (-3)

7% less capital invested

Capital invested by funds: $62M → $57.7M (-$4.26M)

18% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 11

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

Holders
42
Holders Change
-3
Holders Change %
-6.67%
% of All Funds
1.12%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
9
Reduced
11
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$874K
2
IA
IFP Advisors
Florida
+$483K
3
GC
Guggenheim Capital
Illinois
+$360K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$352K
5
Invesco
Invesco
Georgia
+$340K

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$5.85M
2
Bank of America
Bank of America
North Carolina
-$920K
3
UBS Group
UBS Group
Switzerland
-$825K
4
Cohen & Steers
Cohen & Steers
New York
-$735K
5
PMG
Private Management Group
California
-$729K
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
26
Hollencrest Capital Management
California
$281K – – –
CIBC Private Wealth Group
27
CIBC Private Wealth Group
Georgia
$273K – – –
ACM
28
Alethea Capital Management
Washington
$237K – – –
Susquehanna International Group
29
Susquehanna International Group
Pennsylvania
$203K +$195K +11,926 New
IWMPD
30
Integrated Wealth Management (Palm Desert)
California
$199K – – –
SWP
31
Stratos Wealth Partners
Ohio
$196K – – –
BA
32
Boston Advisors
Massachusetts
$192K – – –
PFA
33
Pure Financial Advisors
California
$174K – – –
AG
34
Advisor Group
Arizona
$87K +$83.5K +5,114 New
BCM
35
Blume Capital Management
California
$71K +$67.7K +4,145 New
MFS
36
MSI Financial Services
Massachusetts
$70K – – –
HNB
37
Huntington National Bank
Ohio
$26K – – –
TCM
38
Tradewinds Capital Management
Washington
$23K -$664K -40,652 -97%
GBBWRPM
39
Genovese Burford & Brothers Wealth & Retirement Plan Management
California
$20K -$16.3K -1,000 -45%
Citigroup
40
Citigroup
New York
$18K -$14.2K -872 -45%
GAM
41
Gemmer Asset Management
California
$17K – – –
US Bancorp
42
US Bancorp
Minnesota
$13K – – –
GWM
43
Geneos Wealth Management
Colorado
$6K – – –
Creative Planning
44
Creative Planning
Kansas
$3K – – –
Cohen & Steers
45
Cohen & Steers
New York
– -$735K -45,852 Closed
OFG
46
OTA Financial Group
New York
– -$252K -15,782 Closed
BOS
47
Bank of Stockton
California
– -$216K -13,462 Closed
MWM
48
Mission Wealth Management
California
– -$162K -10,138 Closed
CA
49
Cetera Advisors
Colorado
– -$161K -10,028 Closed
AIG
50
American International Group
New York
– -$82K -5,114 Closed
1
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NKX Hedge Fund Activity: Q2 2016 in Review

42 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q2 2016, worth a combined $57.7M — down 6.9% from $62M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of NKX and 5 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 9 added.

The largest buyer was Raymond James & Associates, opening a new position worth an estimated $874K. The largest seller was LPL Financial, cutting an estimated $5.85M.

  • 42 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q2 2016, down from 45 in Q1 2016.
  • Funds reported $57.7M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q2 2016, down 6.9% quarter-over-quarter.
  • 5 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q2 2016 and 7 closed out, a net change of -2 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q2 2016 was Raymond James & Associates, an estimated $874K added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q2 2016 was LPL Financial, an estimated $5.85M sold.

Based on aggregated 13F filings for Q2 2016.