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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

61 hedge funds and large institutions have $74.6M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

38% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 16

3% more funds holding

Funds holding: 59 → 61 (+2)

3% more capital invested

Capital invested by funds: $72.3M → $74.6M (+$2.28M)

0.95% more ownership

Funds ownership: 10.55% → 11.5% (+0.95%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
61
Holders Change
+2
Holders Change %
+3.39%
% of All Funds
1.39%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
22
Reduced
16
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$1.99M
2
BPCM
Beach Point Capital Management
California
+$1.79M
3
NMC
Nine Masts Capital
Hong Kong
+$1.13M
4
COLIM
City of London Investment Management
United Kingdom
+$1.04M
5
WS
Wedbush Securities
California
+$964K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$4.63M
2
Geode Capital Management
Geode Capital Management
Massachusetts
-$643K
3
SG Americas Securities
SG Americas Securities
New York
-$508K
4
AAM
Advisors Asset Management
Colorado
-$257K
5
DA
Doliver Advisors
Texas
-$165K
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$618K +$414K +30,865 +180%
CC
27
Claybrook Capital
Massachusetts
$591K – – –
VHAM
28
Van Hulzen Asset Management
California
$588K -$10.1K -750 -2%
WT
29
Whittier Trust
California
$491K -$44.6K -3,327 -8%
FAAS
30
First Allied Advisory Services
California
$417K +$192K +14,329 +79%
MIAN
31
Mariner Independent Advisor Network
Kansas
$359K +$376K +28,039 New
Bank of New York Mellon
32
Bank of New York Mellon
New York
$291K -$6.89K -514 -2%
AA
33
AQR Arbitrage
Connecticut
$282K +$42.3K +3,153 +17%
Geode Capital Management
34
Geode Capital Management
Massachusetts
$271K -$643K -47,979 -69%
DI
35
Diligent Investors
California
$262K +$1.68K +125 +0.6%
HCM
36
Hollencrest Capital Management
California
$252K +$64.4K +4,805 +36%
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$248K – – –
CIBC Private Wealth Group
38
CIBC Private Wealth Group
Georgia
$227K – – –
GJIC
39
Gamble Jones Investment Counsel
California
$224K – – –
ECM
40
Evergreen Capital Management
Washington
$199K – – –
CAN
41
Cetera Advisor Networks
California
$196K – – –
CA
42
Cetera Advisors
Colorado
$190K – – –
DWM
43
Dakota Wealth Management
Florida
$187K +$194K +14,500 New
SWP
44
Stratos Wealth Partners
Ohio
$172K -$110K -8,211 -38%
LTFS
45
Ladenburg Thalmann Financial Services
Florida
$167K -$13.6K -1,011 -7%
FFA
46
First Foundation Advisors
California
$158K -$59.3K -4,420 -26%
BA
47
Boston Advisors
Massachusetts
$145K – – –
CFGS
48
Concourse Financial Group Securities
Alabama
$143K +$148K +11,031 New
Stifel Financial
49
Stifel Financial
Missouri
$142K -$26.8K -2,000 -15%
TIM
50
Tortoise Investment Management
New York
$137K +$53K +3,950 +59%
1
2
3

NKX Hedge Fund Activity: Q3 2018 in Review

61 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q3 2018, worth a combined $74.6M — up 3.2% from $72.3M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new NKX positions and 5 closed out — a net gain of 2 holders — while 22 added to existing stakes and 16 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $1.99M. The largest seller was Laurion Capital Management, cutting an estimated $4.63M.

  • 61 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q3 2018, up from 59 in Q2 2018.
  • Funds reported $74.6M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q3 2018, up 3.2% quarter-over-quarter.
  • 7 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q3 2018 and 5 closed out, a net change of +2 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q3 2018 was Karpus Investment Management, an estimated $1.99M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q3 2018 was Laurion Capital Management, an estimated $4.63M sold.

Based on aggregated 13F filings for Q3 2018.