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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

48 hedge funds and large institutions have $56.6M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

10% more capital invested

Capital invested by funds: $51.5M → $56.6M (+$5.06M)

7% more funds holding

Funds holding: 45 → 48 (+3)

1.67% more ownership

Funds ownership: 6.68% → 8.35% (+1.7%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

29% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 14

Holders
48
Holders Change
+3
Holders Change %
+6.67%
% of All Funds
1.1%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
10
Reduced
14
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$6.96M
2
WAM
Wolverine Asset Management
Illinois
+$2.17M
3
LCM
Landscape Capital Management
New Jersey
+$1.29M
4
Bank of America
Bank of America
North Carolina
+$1.18M
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$1.05M

Top Sellers

Rank Fund Capital Flow
1
LTFS
Ladenburg Thalmann Financial Services
Florida
-$1.35M
2
Morgan Stanley
Morgan Stanley
New York
-$1.28M
3
Wells Fargo
Wells Fargo
California
-$848K
4
SNT
Security National Trust
West Virginia
-$288K
5
ACM
Alethea Capital Management
Washington
-$213K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$313K -$40.9K -2,858 -11%
SWP
27
Stratos Wealth Partners
Ohio
$291K +$143 +10 +0%
DI
28
Diligent Investors
California
$274K – – –
WS
29
Wedbush Securities
California
$241K – – –
CIBC Private Wealth Group
30
CIBC Private Wealth Group
Georgia
$240K +$35.8K +2,500 +16%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$237K +$72.9K +5,092 +41%
GJIC
32
Gamble Jones Investment Counsel
California
$236K – – –
DA
33
Doliver Advisors
Texas
$223K +$236K +16,462 New
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$191K -$1.35M -94,265 -87%
Citadel Advisors
35
Citadel Advisors
Florida
$188K +$199K +13,882 New
IA
36
IFP Advisors
Florida
$187K – – –
HCM
37
Hollencrest Capital Management
California
$155K – – –
BA
38
Boston Advisors
Massachusetts
$153K – – –
Stifel Financial
39
Stifel Financial
Missouri
$149K -$7.88K -551 -5%
FFA
40
First Foundation Advisors
California
$144K +$152K +10,633 New
AG
41
Advisor Group
Arizona
$118K -$60.9K -4,259 -33%
TIM
42
Tortoise Investment Management
New York
$91K – – –
NSIM
43
North Star Investment Management
Illinois
$78K – – –
ASN
44
Advisory Services Network
Georgia
$26K – – –
EWM
45
Edge Wealth Management
New York
$26K +$5.01K +350 +23%
HNB
46
Huntington National Bank
Ohio
$20K – – –
TCM
47
Tradewinds Capital Management
Washington
$19K – – –
BCM
48
Blume Capital Management
California
$16K -$11.4K -800 -40%
GAM
49
Gemmer Asset Management
California
$14K – – –
OIA
50
Optimum Investment Advisors
Illinois
$14K +$14.7K +1,025 New
1
2
3

NKX Hedge Fund Activity: Q1 2018 in Review

48 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q1 2018, worth a combined $56.6M — up 9.8% from $51.5M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NKX positions and 8 closed out — a net gain of 3 holders — while 10 added to existing stakes and 14 trimmed.

The largest buyer was Laurion Capital Management, adding an estimated $6.96M. The largest seller was Ladenburg Thalmann Financial Services, cutting an estimated $1.35M.

  • 48 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2018, up from 45 in Q4 2017.
  • Funds reported $56.6M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2018, up 9.8% quarter-over-quarter.
  • 11 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2018 and 8 closed out, a net change of +3 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2018 was Laurion Capital Management, an estimated $6.96M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2018 was Ladenburg Thalmann Financial Services, an estimated $1.35M sold.

Based on aggregated 13F filings for Q1 2018.