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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

58 hedge funds and large institutions have $89.9M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

64% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 14

20% more capital invested

Capital invested by funds: $74.6M → $89.9M (+$15.2M)

2.96% more ownership

Funds ownership: 11.5% → 14.46% (+3%)

5% less funds holding

Funds holding: 61 → 58 (-3)

21% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 14

Holders
58
Holders Change
-3
Holders Change %
-4.92%
% of All Funds
1.29%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
11
Increased
23
Reduced
14
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$17.9M
2
RCM
Rivernorth Capital Management
Florida
+$4.16M
3
KIM
Karpus Investment Management
New York
+$3.79M
4
LCM
Landscape Capital Management
New Jersey
+$910K
5
AA
AQR Arbitrage
Connecticut
+$868K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$8.72M
2
Wells Fargo
Wells Fargo
California
-$1.61M
3
CWM
Cornerstone Wealth Management
Missouri
-$1.2M
4
NMC
Nine Masts Capital
Hong Kong
-$1.19M
5
Bank of America
Bank of America
North Carolina
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
FFA
26
First Foundation Advisors
California
$509K +$352K +27,863 +227%
DWM
27
Dakota Wealth Management
Florida
$506K +$321K +25,400 +175%
WT
28
Whittier Trust
California
$483K – – –
SCM
29
Saba Capital Management
New York
$451K +$450K +35,594 New
VHAM
30
Van Hulzen Asset Management
California
$434K -$145K -11,455 -25%
FAAS
31
First Allied Advisory Services
California
$401K -$7.9K -625 -2%
MIAN
32
Mariner Independent Advisor Network
Kansas
$391K +$22.9K +1,815 +6%
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$364K +$198K +15,700 +120%
WIA
34
World Investment Advisors
California
$307K +$290K +22,965 New
Bank of New York Mellon
35
Bank of New York Mellon
New York
$287K – – –
CAN
36
Cetera Advisor Networks
California
$270K +$76.7K +6,068 +40%
DI
37
Diligent Investors
California
$258K +$329 +26 +0.1%
TIM
38
Tortoise Investment Management
New York
$255K +$120K +9,500 +89%
Cambridge Investment Research Advisors
39
Cambridge Investment Research Advisors
Iowa
$254K +$9.42K +745 +4%
CRWM
40
Castle Rock Wealth Management
California
$216K +$216K +17,060 New
HCM
41
Hollencrest Capital Management
California
$212K -$17.7K -1,399 -8%
ECM
42
Evergreen Capital Management
Washington
$196K – – –
SWP
43
Stratos Wealth Partners
Ohio
$161K -$8.72K -690 -5%
CFGS
44
Concourse Financial Group Securities
Alabama
$148K +$8.72K +690 +6%
BA
45
Boston Advisors
Massachusetts
$143K – – –
VF
46
Virtu Financial
New York
$137K +$137K +10,826 New
TJHA
47
Thomas J. Herzfeld Advisors
Florida
$127K +$126K +10,000 New
IA
48
IFP Advisors
Florida
$62K -$35.7K -2,824 -37%
AG
49
Advisor Group
Arizona
$46K +$303 +24 +0.7%
LC
50
Lindbrook Capital
California
$25K +$25.3K +2,000 New
1
2
3

NKX Hedge Fund Activity: Q4 2018 in Review

58 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2018, worth a combined $89.9M — up 20% from $74.6M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of NKX and 11 opened new positions — a net loss of 3 holders — while 14 trimmed existing stakes and 23 added.

The largest buyer was UBS Group, adding an estimated $17.9M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $8.72M sold.

  • 58 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2018, down from 61 in Q3 2018.
  • Funds reported $89.9M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2018, up 20% quarter-over-quarter.
  • 11 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2018 and 14 closed out, a net change of -3 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2018 was UBS Group, an estimated $17.9M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2018 was Laurion Capital Management, an estimated $8.72M sold.

Based on aggregated 13F filings for Q4 2018.