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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

50 hedge funds and large institutions have $55.9M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,200% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 1

32% more funds holding

Funds holding: 38 → 50 (+12)

6% more capital invested

Capital invested by funds: $52.6M → $55.9M (+$3.22M)

1.77% more ownership

Funds ownership: 7.23% → 8.99% (+1.8%)

17% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 12

Holders
50
Holders Change
+12
Holders Change %
+31.58%
% of All Funds
1.25%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
13
Increased
10
Reduced
12
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$2.84M
2
Wells Fargo
Wells Fargo
California
+$1.4M
3
UBS Group
UBS Group
Switzerland
+$1.34M
4
LCM
Landscape Capital Management
New Jersey
+$720K
5
Bank of America
Bank of America
North Carolina
+$631K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$958K
2
Invesco
Invesco
Georgia
-$605K
3
GC
Guggenheim Capital
Illinois
-$409K
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$356K
5
Morgan Stanley
Morgan Stanley
New York
-$354K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$286K -$356K -24,038 -55%
VKH
27
Virtu KCG Holdings
New York
$282K +$94.1K +6,357 +48%
SNT
28
Security National Trust
West Virginia
$269K – – –
HCM
29
Hollencrest Capital Management
California
$247K +$11.7K +790 +5%
DI
30
Diligent Investors
California
$246K – – –
CIBC Private Wealth Group
31
CIBC Private Wealth Group
Georgia
$217K -$11.8K -800 -5%
CRC
32
Curi RMB Capital
Illinois
$217K +$225K +15,176 New
ACM
33
Alethea Capital Management
Washington
$199K – – –
TIM
34
Tortoise Investment Management
New York
$180K -$66.6K -4,500 -26%
NPC
35
National Planning Corporation
California
$173K +$175K +11,800 New
IWMPD
36
Integrated Wealth Management (Palm Desert)
California
$167K – – –
SWP
37
Stratos Wealth Partners
Ohio
$165K – – –
BA
38
Boston Advisors
Massachusetts
$161K – – –
PFA
39
Pure Financial Advisors
California
$146K – – –
EWM
40
Edge Wealth Management
New York
$144K +$150K +10,122 New
NSIM
41
North Star Investment Management
Illinois
$82K -$198K -13,350 -70%
AG
42
Advisor Group
Arizona
$73K – – –
Creative Planning
43
Creative Planning
Kansas
$60K -$303K -20,495 -83%
BCM
44
Blume Capital Management
California
$59K – – –
MFS
45
MSI Financial Services
Massachusetts
$59K – – –
HNB
46
Huntington National Bank
Ohio
$21K – – –
TCM
47
Tradewinds Capital Management
Washington
$20K – – –
Citigroup
48
Citigroup
New York
$15K – – –
GAM
49
Gemmer Asset Management
California
$15K – – –
NFG
50
Next Financial Group
Texas
$7K – – –
1
2
3

NKX Hedge Fund Activity: Q4 2016 in Review

50 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2016, worth a combined $55.9M — up 6.1% from $52.6M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new NKX positions and 1 closed out — a net gain of 12 holders — while 10 added to existing stakes and 12 trimmed.

The largest buyer was Laurion Capital Management, opening a new position worth an estimated $2.84M. The largest seller was Advisors Asset Management, cutting an estimated $958K.

  • 50 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2016, up from 38 in Q3 2016.
  • Funds reported $55.9M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2016, up 6.1% quarter-over-quarter.
  • 13 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2016 and 1 closed out, a net change of +12 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2016 was Laurion Capital Management, an estimated $2.84M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2016 was Advisors Asset Management, an estimated $958K sold.

Based on aggregated 13F filings for Q4 2016.