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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

66 hedge funds and large institutions have $85.7M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

127% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 11

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

5% more funds holding

Funds holding: 63 → 66 (+3)

1.03% less ownership

Funds ownership: 12.83% → 11.8% (-1%)

5% less capital invested

Capital invested by funds: $90.6M → $85.7M (-$4.85M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
66
Holders Change
+3
Holders Change %
+4.76%
% of All Funds
1.3%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
10
Increased
25
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$895K
2
GC
Guggenheim Capital
Illinois
+$779K
3
ACA
Ackerman Capital Advisors
Texas
+$497K
4
WT
Whittier Trust
California
+$474K
5
VCM
Vivaldi Capital Management
Illinois
+$471K

Top Sellers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$6.67M
2
KIM
Karpus Investment Management
New York
-$3.53M
3
LWAC
Laurel Wealth Advisors (California)
California
-$1.38M
4
COLIM
City of London Investment Management
United Kingdom
-$1.18M
5
MIG
Mariner Investment Group
New York
-$821K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$611K +$25.5K +1,682 +4%
Creative Planning
27
Creative Planning
Kansas
$520K -$17.8K -1,174 -3%
VHAM
28
Van Hulzen Asset Management
California
$501K – – –
ACA
29
Ackerman Capital Advisors
Texas
$500K +$497K +32,824 New
MIAN
30
Mariner Independent Advisor Network
Kansas
$454K – – –
FAAS
31
First Allied Advisory Services
California
$422K – – –
DWM
32
Dakota Wealth Management
Florida
$374K -$232K -15,316 -38%
WIA
33
World Investment Advisors
California
$346K -$3.33K -220 -1%
CAN
34
Cetera Advisor Networks
California
$334K – – –
TIM
35
Tortoise Investment Management
New York
$321K – – –
DI
36
Diligent Investors
California
$311K +$333 +22 +0.1%
LNWWM
37
Laird Norton Wetherby Wealth Management
California
$304K – – –
HCM
38
Hollencrest Capital Management
California
$276K – – –
CRWM
39
Castle Rock Wealth Management
California
$272K – – –
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$250K – – –
ECM
41
Evergreen Capital Management
Washington
$240K +$45 +3 +0%
CIBC Private Wealth Group
42
CIBC Private Wealth Group
Georgia
$236K – – –
IC
43
Intersect Capital
California
$225K +$224K +14,771 New
Thrivent Financial for Lutherans
44
Thrivent Financial for Lutherans
Minnesota
$198K +$197K +12,997 New
CFGS
45
Concourse Financial Group Securities
Alabama
$178K +$10.4K +690 +6%
SWP
46
Stratos Wealth Partners
Ohio
$175K – – –
CAPTRUST Financial Advisors
47
CAPTRUST Financial Advisors
North Carolina
$171K +$171K +11,272 New
Stifel Financial
48
Stifel Financial
Missouri
$159K +$158K +10,459 New
RCM
49
RB Capital Management
Nevada
$155K +$1.27K +84 +0.8%
DTIM
50
Danda Trouve Investment Management
Kansas
$118K +$118K +7,761 New
1
2
3

NKX Hedge Fund Activity: Q4 2019 in Review

66 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2019, worth a combined $85.7M — down 5.3% from $90.6M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new NKX positions and 6 closed out — a net gain of 4 holders — while 25 added to existing stakes and 11 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $895K. The largest seller was Royal Bank of Canada, cutting an estimated $6.67M.

  • 66 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2019, up from 63 in Q3 2019.
  • Funds reported $85.7M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2019, down 5.3% quarter-over-quarter.
  • 10 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2019 and 6 closed out, a net change of +4 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2019 was Morgan Stanley, an estimated $895K added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2019 was Royal Bank of Canada, an estimated $6.67M sold.

Based on aggregated 13F filings for Q4 2019.