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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

59 hedge funds and large institutions have $91.7M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

2% more funds holding

Funds holding: 58 → 59 (+1)

2% more capital invested

Capital invested by funds: $89.9M → $91.7M (+$1.84M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

6% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 16

1.05% less ownership

Funds ownership: 14.46% → 13.41% (-1%)

Holders
59
Holders Change
+1
Holders Change %
+1.72%
% of All Funds
1.28%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
9
Increased
15
Reduced
16
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
+$1.92M
2
FFA
First Foundation Advisors
California
+$1M
3
JP Morgan Chase
JP Morgan Chase
New York
+$699K
4
CC
Claybrook Capital
Massachusetts
+$616K
5
Creative Planning
Creative Planning
Kansas
+$450K

Top Sellers

Rank Fund Capital Flow
1
BPCM
Beach Point Capital Management
California
-$2.48M
2
LCM
Landscape Capital Management
New Jersey
-$1.99M
3
CRC
Curi RMB Capital
Illinois
-$1.54M
4
WAM
Wolverine Asset Management
Illinois
-$1.18M
5
AC
Almitas Capital
California
-$1.09M
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
26
Dakota Wealth Management
Florida
$556K – – –
WT
27
Whittier Trust
California
$531K – – –
AA
28
AQR Arbitrage
Connecticut
$506K -$728K -54,310 -60%
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$486K +$83.1K +6,196 +22%
Creative Planning
30
Creative Planning
Kansas
$467K +$450K +33,532 New
VHAM
31
Van Hulzen Asset Management
California
$459K -$17.4K -1,300 -4%
FAAS
32
First Allied Advisory Services
California
$443K – – –
MIAN
33
Mariner Independent Advisor Network
Kansas
$416K – – –
WIA
34
World Investment Advisors
California
$321K – – –
CAN
35
Cetera Advisor Networks
California
$317K +$20.1K +1,500 +7%
Bank of New York Mellon
36
Bank of New York Mellon
New York
$315K – – –
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$296K +$16.9K +1,263 +6%
TIM
38
Tortoise Investment Management
New York
$286K +$5.34K +398 +2%
DI
39
Diligent Investors
California
$284K +$335 +25 +0.1%
HCM
40
Hollencrest Capital Management
California
$252K +$18.8K +1,399 +8%
CRWM
41
Castle Rock Wealth Management
California
$237K – – –
ECM
42
Evergreen Capital Management
Washington
$220K – – –
CIBC Private Wealth Group
43
CIBC Private Wealth Group
Georgia
$216K +$208K +15,500 New
SWP
44
Stratos Wealth Partners
Ohio
$177K – – –
Stifel Financial
45
Stifel Financial
Missouri
$165K +$158K +11,810 New
CFGS
46
Concourse Financial Group Securities
Alabama
$163K – – –
BA
47
Boston Advisors
Massachusetts
$157K – – –
Ameriprise
48
Ameriprise
Minnesota
$156K +$150K +11,177 New
TJHA
49
Thomas J. Herzfeld Advisors
Florida
$139K – – –
FIA
50
FNY Investment Advisers
New York
$100K +$96.6K +7,206 New
1
2
3

NKX Hedge Fund Activity: Q1 2019 in Review

59 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q1 2019, worth a combined $91.7M — up 2% from $89.9M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new NKX positions and 8 closed out — a net gain of 1 holder — while 15 added to existing stakes and 16 trimmed.

The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.92M. The largest seller was Beach Point Capital Management, cutting an estimated $2.48M.

  • 59 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2019, up from 58 in Q4 2018.
  • Funds reported $91.7M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2019, up 2% quarter-over-quarter.
  • 9 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2019 and 8 closed out, a net change of +1 holder.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2019 was Robinson Capital Management, an estimated $1.92M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2019 was Beach Point Capital Management, an estimated $2.48M sold.

Based on aggregated 13F filings for Q1 2019.