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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

45 hedge funds and large institutions have $53.2M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 8

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.61% less ownership

Funds ownership: 8.99% → 8.38% (-0.61%)

5% less capital invested

Capital invested by funds: $55.9M → $53.2M (-$2.64M)

10% less funds holding

Funds holding: 50 → 45 (-5)

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10

Holders
45
Holders Change
-5
Holders Change %
-10%
% of All Funds
1.12%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
15
Reduced
8
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$536K
2
Northern Trust
Northern Trust
Illinois
+$449K
3
UBS Group
UBS Group
Switzerland
+$437K
4
PWSG
Pacific Wealth Strategies Group
California
+$351K
5
CA
Cetera Advisors
Colorado
+$172K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$2.75M
2
WAM
Weiss Asset Management
Massachusetts
-$552K
3
MBT
Montecito Bank & Trust
California
-$441K
4
WAM
Wolverine Asset Management
Illinois
-$407K
5
Squarepoint
Squarepoint
New York
-$398K
Name Holding Trade Value Shares
Change 		Change in
Stake
EWM
26
Edge Wealth Management
New York
$199K +$49.4K +3,396 +34%
TIM
27
Tortoise Investment Management
New York
$185K – – –
CA
28
Cetera Advisors
Colorado
$175K +$172K +11,825 New
IWMPD
29
Integrated Wealth Management (Palm Desert)
California
$172K – – –
NPC
30
National Planning Corporation
California
$172K – – –
BA
31
Boston Advisors
Massachusetts
$166K – – –
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$164K +$162K +11,130 New
PFA
33
Pure Financial Advisors
California
$150K – – –
First Trust Advisors
34
First Trust Advisors
Illinois
$150K +$148K +10,185 New
MWM
35
Mission Wealth Management
California
$149K +$148K +10,138 New
AG
36
Advisor Group
Arizona
$96K +$20.7K +1,420 +28%
NSIM
37
North Star Investment Management
Illinois
$85K – – –
Creative Planning
38
Creative Planning
Kansas
$66K +$3.64K +250 +6%
BCM
39
Blume Capital Management
California
$61K – – –
ASN
40
Advisory Services Network
Georgia
$31K +$30.9K +2,121 New
HNB
41
Huntington National Bank
Ohio
$22K – – –
TCM
42
Tradewinds Capital Management
Washington
$20K – – –
GAM
43
Gemmer Asset Management
California
$15K – – –
Northern Trust
44
Northern Trust
Illinois
$5K +$449K +30,827 New
LCM
45
Laurion Capital Management
New York
– -$2.75M -191,920 Closed
WAM
46
Weiss Asset Management
Massachusetts
– -$552K -38,563 Closed
MBT
47
Montecito Bank & Trust
California
– -$441K -30,818 Closed
WAM
48
Wolverine Asset Management
Illinois
– -$407K -28,490 Closed
Squarepoint
49
Squarepoint
New York
– -$398K -27,800 Closed
VHAM
50
Van Hulzen Asset Management
California
– -$289K -20,170 Closed
1
2
3

NKX Hedge Fund Activity: Q1 2017 in Review

45 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q1 2017, worth a combined $53.2M — down 4.7% from $55.9M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NKX and 7 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 15 added.

The largest buyer was Bank of America, adding an estimated $536K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $2.75M sold.

  • 45 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2017, down from 50 in Q4 2016.
  • Funds reported $53.2M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2017, down 4.7% quarter-over-quarter.
  • 7 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2017 and 10 closed out, a net change of -3 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2017 was Bank of America, an estimated $536K added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2017 was Laurion Capital Management, an estimated $2.75M sold.

Based on aggregated 13F filings for Q1 2017.