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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

59 hedge funds and large institutions have $72.3M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

367% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 3

29% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 14

28% more capital invested

Capital invested by funds: $56.6M → $72.3M (+$15.8M)

23% more funds holding

Funds holding: 48 → 59 (+11)

2.2% more ownership

Funds ownership: 8.35% → 10.55% (+2.2%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
59
Holders Change
+11
Holders Change %
+22.92%
% of All Funds
1.35%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
14
Increased
18
Reduced
14
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
+$6.37M
2
BPCM
Beach Point Capital Management
California
+$4.87M
3
Wells Fargo
Wells Fargo
California
+$2.35M
4
WAM
Wolverine Asset Management
Illinois
+$1.02M
5
MIG
Mariner Investment Group
New York
+$1.01M

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.35M
2
Millennium Management
Millennium Management
New York
-$600K
3
SG Americas Securities
SG Americas Securities
New York
-$446K
4
WAM
Weiss Asset Management
Massachusetts
-$407K
5
CRC
Curi RMB Capital
Illinois
-$397K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$314K -$243 -18 -0.1%
SWP
27
Stratos Wealth Partners
Ohio
$293K +$891 +66 +0.3%
DI
28
Diligent Investors
California
$275K – – –
WS
29
Wedbush Securities
California
$269K +$27.3K +2,025 +11%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$262K +$260K +19,285 New
AA
31
AQR Arbitrage
Connecticut
$255K +$254K +18,797 New
FAAS
32
First Allied Advisory Services
California
$247K -$198K -14,662 -45%
CIBC Private Wealth Group
33
CIBC Private Wealth Group
Georgia
$240K – – –
GJIC
34
Gamble Jones Investment Counsel
California
$236K – – –
Millennium Management
35
Millennium Management
New York
$233K -$600K -44,443 -72%
FFA
36
First Foundation Advisors
California
$227K +$81.7K +6,049 +57%
ECM
37
Evergreen Capital Management
Washington
$210K – – –
CAN
38
Cetera Advisor Networks
California
$208K +$205K +15,155 New
CA
39
Cetera Advisors
Colorado
$202K +$200K +14,825 New
LTFS
40
Ladenburg Thalmann Financial Services
Florida
$191K – – –
HCM
41
Hollencrest Capital Management
California
$181K +$24.9K +1,847 +16%
Stifel Financial
42
Stifel Financial
Missouri
$177K +$27K +2,000 +18%
IA
43
IFP Advisors
Florida
$167K +$1.81K +134 +1%
DA
44
Doliver Advisors
Texas
$165K -$58.4K -4,326 -26%
Ameriprise
45
Ameriprise
Minnesota
$156K +$155K +11,460 New
BA
46
Boston Advisors
Massachusetts
$153K – – –
NMC
47
Nine Masts Capital
Hong Kong
$120K +$119K +8,800 New
AG
48
Advisor Group
Arizona
$118K +$243 +18 +0.2%
EWM
49
Edge Wealth Management
New York
$93K +$67.5K +5,000 +265%
TIM
50
Tortoise Investment Management
New York
$91K – – –
1
2
3

NKX Hedge Fund Activity: Q2 2018 in Review

59 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q2 2018, worth a combined $72.3M — up 28% from $56.6M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NKX positions and 3 closed out — a net gain of 11 holders — while 18 added to existing stakes and 14 trimmed.

The largest buyer was Laurion Capital Management, adding an estimated $6.37M. The largest seller was Advisors Asset Management, cutting an estimated $1.35M.

  • 59 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q2 2018, up from 48 in Q1 2018.
  • Funds reported $72.3M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q2 2018, up 28% quarter-over-quarter.
  • 14 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q2 2018 and 3 closed out, a net change of +11 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q2 2018 was Laurion Capital Management, an estimated $6.37M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q2 2018 was Advisors Asset Management, an estimated $1.35M sold.

Based on aggregated 13F filings for Q2 2018.