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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

59 hedge funds and large institutions have $94.8M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 27 increasing their positions, 13 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

108% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 13

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.48% less ownership

Funds ownership: 13.14% → 12.66% (-0.48%)

1% less capital invested

Capital invested by funds: $95.8M → $94.8M (-$1.05M)

3% less funds holding

Funds holding: 61 → 59 (-2)

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

Holders
59
Holders Change
-2
Holders Change %
-3.28%
% of All Funds
1.04%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
4
Increased
27
Reduced
13
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$824K
2
Stifel Financial
Stifel Financial
Missouri
+$759K
3
DADC
D.A. Davidson & Co
Montana
+$542K
4
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$384K
5
Millennium Management
Millennium Management
New York
+$332K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$4.06M
2
JWCA
J.W. Cole Advisors
Florida
-$874K
3
GC
Guggenheim Capital
Illinois
-$450K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$446K
5
CRWM
Castle Rock Wealth Management
California
-$353K
Name Holding Trade Value Shares
Change 		Change in
Stake
CAN
26
Cetera Advisor Networks
California
$466K +$152K +9,886 +50%
Creative Planning
27
Creative Planning
Kansas
$443K +$19.9K +1,293 +5%
VHAM
28
Van Hulzen Asset Management
California
$390K -$12.3K -800 -3%
WIA
29
World Investment Advisors
California
$360K – – –
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$351K +$59.6K +3,875 +21%
Millennium Management
31
Millennium Management
New York
$340K +$332K +21,600 New
Ameriprise
32
Ameriprise
Minnesota
$324K +$246 +16 +0.1%
DI
33
Diligent Investors
California
$324K +$385 +25 +0.1%
LNWWM
34
Laird Norton Wetherby Wealth Management
California
$315K – – –
FAT
35
First American Trust
California
$308K – – –
TIM
36
Tortoise Investment Management
New York
$301K – – –
WS
37
Wedbush Securities
California
$280K -$261K -16,925 -49%
ECM
38
Evergreen Capital Management
Washington
$249K +$25.3K +1,641 +12%
GPC
39
Garrison Point Capital
California
$236K – – –
MMA
40
Miracle Mile Advisors
California
$220K +$277 +18 +0.1%
RCM
41
RB Capital Management
Nevada
$206K +$40.9K +2,660 +26%
FNWM
42
Financial Network Wealth Management
Utah
$192K +$187K +12,177 New
SWP
43
Stratos Wealth Partners
Ohio
$182K – – –
CFGS
44
Concourse Financial Group Securities
Alabama
$181K -$3.62K -235 -2%
BWA
45
BDO Wealth Advisors
Florida
$174K – – –
AIP
46
Ameritas Investment Partners
Nebraska
$73K – – –
WTC
47
WhitTier Trust Company
Nevada
$45K +$30.8K +2,000 +230%
ASN
48
Advisory Services Network
Georgia
$33K +$354 +23 +1%
LWM
49
Liberty Wealth Management
California
$31K +$539 +35 +2%
NFG
50
Next Financial Group
Texas
$28K – – –
1
2
3

NKX Hedge Fund Activity: Q4 2020 in Review

59 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2020, worth a combined $94.8M — down 1.1% from $95.8M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of NKX and 4 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 27 added.

The largest buyer was Morgan Stanley, adding an estimated $824K. The largest seller was Rivernorth Capital Management, cutting an estimated $4.06M.

  • 59 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2020, down from 61 in Q3 2020.
  • Funds reported $94.8M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2020, down 1.1% quarter-over-quarter.
  • 4 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2020 and 5 closed out, a net change of -1 holder.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2020 was Morgan Stanley, an estimated $824K added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2020 was Rivernorth Capital Management, an estimated $4.06M sold.

Based on aggregated 13F filings for Q4 2020.