We are live on ! Find out more
NKX icon

Nuveen California AMT-Free Quality Municipal Income Fund
NKX

56 hedge funds and large institutions have $100M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more capital invested

Capital invested by funds: $80.5M → $100M (+$19.5M)

2.06% more ownership

Funds ownership: 11.96% → 14.02% (+2.1%)

6% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 17

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

13% less funds holding

Funds holding: 64 → 56 (-8)

62% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 13

Holders
56
Holders Change
-8
Holders Change %
-12.5%
% of All Funds
1.15%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
18
Reduced
17
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$5.93M
2
GC
Guggenheim Capital
Illinois
+$3.34M
3
UBS Group
UBS Group
Switzerland
+$3.02M
4
Morgan Stanley
Morgan Stanley
New York
+$2.97M
5
DADC
D.A. Davidson & Co
Montana
+$470K

Top Sellers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
-$474K
2
Invesco
Invesco
Georgia
-$446K
3
RCM
Robinson Capital Management
Michigan
-$394K
4
Osaic Holdings
Osaic Holdings
Arizona
-$360K
5
CRC
Curi RMB Capital
Illinois
-$283K
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
26
Creative Planning
Kansas
$399K +$576 +40 +0.1%
VHAM
27
Van Hulzen Asset Management
California
$381K -$6.34K -440 -2%
CRC
28
Curi RMB Capital
Illinois
$380K -$283K -19,674 -44%
WIA
29
World Investment Advisors
California
$360K +$328K +22,745 New
Ameriprise
30
Ameriprise
Minnesota
$328K -$96.2K -6,680 -23%
DI
31
Diligent Investors
California
$306K +$360 +25 +0.1%
TIM
32
Tortoise Investment Management
New York
$300K -$14.4K -1,000 -5%
LNWWM
33
Laird Norton Wetherby Wealth Management
California
$299K – – –
CRWM
34
Castle Rock Wealth Management
California
$283K – – –
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$275K – – –
ECM
36
Evergreen Capital Management
Washington
$236K +$58 +4 +0%
GPC
37
Garrison Point Capital
California
$224K +$216K +15,000 New
IC
38
Intersect Capital
California
$221K – – –
BWA
39
BDO Wealth Advisors
Florida
$195K +$188K +13,035 New
Thrivent Financial for Lutherans
40
Thrivent Financial for Lutherans
Minnesota
$184K – – –
Cetera Investment Advisers
41
Cetera Investment Advisers
Illinois
$178K +$172K +11,925 New
CFGS
42
Concourse Financial Group Securities
Alabama
$176K – – –
SWP
43
Stratos Wealth Partners
Ohio
$172K – – –
Stifel Financial
44
Stifel Financial
Missouri
$156K -$302 -21 -0.2%
RCM
45
RB Capital Management
Nevada
$154K +$1.32K +92 +0.9%
KPW
46
Kore Private Wealth
New York
$95K – – –
AIP
47
Ameritas Investment Partners
Nebraska
$69K – – –
LWM
48
Liberty Wealth Management
California
$29K +$302 +21 +1%
TCM
49
Tradewinds Capital Management
Washington
$21K – – –
SFS
50
Sowell Financial Services
Arkansas
$20K – – –
1
2
3

NKX Hedge Fund Activity: Q2 2020 in Review

56 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q2 2020, worth a combined $100M — up 24% from $80.5M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of NKX and 5 opened new positions — a net loss of 8 holders — while 17 trimmed existing stakes and 18 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $5.93M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $474K sold.

  • 56 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q2 2020, down from 64 in Q1 2020.
  • Funds reported $100M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q2 2020, up 24% quarter-over-quarter.
  • 5 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q2 2020 and 13 closed out, a net change of -8 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $5.93M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q2 2020 was AQR Arbitrage, an estimated $474K sold.

Based on aggregated 13F filings for Q2 2020.