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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

58 hedge funds and large institutions have $88.7M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.54% less ownership

Funds ownership: 13.41% → 12.87% (-0.54%)

3% less capital invested

Capital invested by funds: $91.7M → $88.7M (-$3.02M)

6% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 17

2% less funds holding

Funds holding: 59 → 58 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
58
Holders Change
-1
Holders Change %
-1.69%
% of All Funds
1.26%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
6
Increased
16
Reduced
17
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$6.16M
2
RCM
Robinson Capital Management
Michigan
+$413K
3
VCM
Vivaldi Capital Management
Illinois
+$376K
4
Bank of America
Bank of America
North Carolina
+$301K
5
LNWWM
Laird Norton Wetherby Wealth Management
California
+$284K

Top Sellers

Rank Fund Capital Flow
1
BPCM
Beach Point Capital Management
California
-$4.31M
2
WAM
Wolverine Asset Management
Illinois
-$2.38M
3
RCM
Rivernorth Capital Management
Florida
-$1.43M
4
JP Morgan Chase
JP Morgan Chase
New York
-$726K
5
UBS Group
UBS Group
Switzerland
-$524K
Name Holding Trade Value Shares
Change 		Change in
Stake
VHAM
26
Van Hulzen Asset Management
California
$481K – – –
Ameriprise
27
Ameriprise
Minnesota
$455K +$201K +14,171 +127%
FAAS
28
First Allied Advisory Services
California
$444K -$20.7K -1,458 -5%
MIAN
29
Mariner Independent Advisor Network
Kansas
$437K – – –
VCM
30
Vivaldi Capital Management
Illinois
$387K +$376K +26,508 New
WIA
31
World Investment Advisors
California
$349K – – –
TIM
32
Tortoise Investment Management
New York
$336K +$35.5K +2,500 +12%
CRWM
33
Castle Rock Wealth Management
California
$325K +$73.7K +5,192 +30%
CAN
34
Cetera Advisor Networks
California
$322K -$10.2K -717 -3%
DI
35
Diligent Investors
California
$298K +$341 +24 +0.1%
LNWWM
36
Laird Norton Wetherby Wealth Management
California
$292K +$284K +20,000 New
HCM
37
Hollencrest Capital Management
California
$265K – – –
Cambridge Investment Research Advisors
38
Cambridge Investment Research Advisors
Iowa
$240K -$69.2K -4,870 -23%
ECM
39
Evergreen Capital Management
Washington
$231K +$224K +15,796 New
CIBC Private Wealth Group
40
CIBC Private Wealth Group
Georgia
$226K – – –
MML Investors Services
41
MML Investors Services
Massachusetts
$202K +$196K +13,803 New
SWP
42
Stratos Wealth Partners
Ohio
$185K – – –
CFGS
43
Concourse Financial Group Securities
Alabama
$172K – – –
BA
44
Boston Advisors
Massachusetts
$165K – – –
TJHA
45
Thomas J. Herzfeld Advisors
Florida
$146K – – –
AG
46
Advisor Group
Arizona
$127K +$71.2K +5,017 +137%
LC
47
Lindbrook Capital
California
$73K +$42.6K +3,000 +150%
ASN
48
Advisory Services Network
Georgia
$29K +$298 +21 +1%
AF
49
Allworth Financial
California
$29K +$28.4K +2,000 New
LWM
50
Liberty Wealth Management
California
$28K +$284 +20 +1%
1
2
3

NKX Hedge Fund Activity: Q2 2019 in Review

58 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q2 2019, worth a combined $88.7M — down 3.3% from $91.7M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of NKX and 6 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 16 added.

The largest buyer was Royal Bank of Canada, adding an estimated $6.16M. The largest seller was Beach Point Capital Management, exiting entirely with an estimated $4.31M sold.

  • 58 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q2 2019, down from 59 in Q1 2019.
  • Funds reported $88.7M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q2 2019, down 3.3% quarter-over-quarter.
  • 6 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q2 2019 and 7 closed out, a net change of -1 holder.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q2 2019 was Royal Bank of Canada, an estimated $6.16M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q2 2019 was Beach Point Capital Management, an estimated $4.31M sold.

Based on aggregated 13F filings for Q2 2019.