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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

64 hedge funds and large institutions have $83.3M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 20

2% more capital invested

Capital invested by funds: $81.6M → $83.3M (+$1.71M)

0.47% more ownership

Funds ownership: 14.72% → 15.19% (+0.47%)

7% less funds holding

Funds holding: 69 → 64 (-5)

50% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 10

Holders
64
Holders Change
-5
Holders Change %
-7.25%
% of All Funds
1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
23
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LSC
Logan Stone Capital
Illinois
+$1.48M
2
AA
AQR Arbitrage
Connecticut
+$1.01M
3
GC
Guggenheim Capital
Illinois
+$900K
4
Morgan Stanley
Morgan Stanley
New York
+$560K
5
WAM
Wolverine Asset Management
Illinois
+$339K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$436K
2
Walleye Capital
Walleye Capital
New York
-$436K
3
HWAM
Hennion & Walsh Asset Management
New Jersey
-$322K
4
Rockefeller Capital Management
Rockefeller Capital Management
New York
-$288K
5
Mariner
Mariner
Kansas
-$208K
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
26
Landscape Capital Management
New Jersey
$532K +$144K +12,676 +38%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$514K -$68.9K -6,071 -12%
KAS
28
Kestra Advisory Services
Texas
$472K +$3.48K +307 +0.8%
DADC
29
D.A. Davidson & Co
Montana
$445K -$8.47K -747 -2%
Bank of America
30
Bank of America
North Carolina
$430K -$18.5K -1,629 -4%
IWC
31
Integrated Wealth Concepts
Massachusetts
$413K +$64.1K +5,650 +19%
LCM
32
Lazari Capital Management
California
$332K +$326K +28,761 New
Cetera Investment Advisers
33
Cetera Investment Advisers
Illinois
$317K -$12.7K -1,120 -4%
PWM
34
Perigon Wealth Management
California
$286K – – –
SSWM
35
Strait & Sound Wealth Management
California
$282K -$73.7K -6,500 -21%
IP
36
Ignite Planners
California
$277K +$715 +63 +0.3%
Osaic Holdings
37
Osaic Holdings
Arizona
$276K -$113K -9,961 -29%
VHAM
38
Van Hulzen Asset Management
California
$273K -$488 -43 -0.2%
VF
39
Virtu Financial
New York
$270K +$106K +9,369 +67%
WWM
40
Western Wealth Management
Colorado
$256K +$216 +19 +0.1%
Cerity Partners
41
Cerity Partners
New York
$254K – – –
Creative Planning
42
Creative Planning
Kansas
$238K +$511 +45 +0.2%
SWP
43
Stratos Wealth Partners
Ohio
$237K – – –
CRWM
44
Castle Rock Wealth Management
California
$217K -$67.2K -5,923 -23%
CWP
45
Core Wealth Partners
California
$213K – – –
PFA
46
Pure Financial Advisors
California
$197K – – –
AWS
47
Atria Wealth Solutions
New York
$186K -$42.9K -3,781 -19%
Janney Montgomery Scott
48
Janney Montgomery Scott
Pennsylvania
$173K +$170K +15,006 New
SCM
49
Saba Capital Management
New York
$172K +$169K +14,902 New
GCA
50
Gradient Capital Advisors
California
$166K – – –
1
2
3

NKX Hedge Fund Activity: Q2 2023 in Review

64 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q2 2023, worth a combined $83.3M — up 2.1% from $81.6M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NKX and 5 opened new positions — a net loss of 5 holders — while 20 trimmed existing stakes and 23 added.

The largest buyer was Logan Stone Capital, adding an estimated $1.48M. The largest seller was UBS Group, cutting an estimated $436K.

  • 64 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q2 2023, down from 69 in Q1 2023.
  • Funds reported $83.3M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q2 2023, up 2.1% quarter-over-quarter.
  • 5 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q2 2023 and 10 closed out, a net change of -5 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q2 2023 was Logan Stone Capital, an estimated $1.48M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q2 2023 was UBS Group, an estimated $436K sold.

Based on aggregated 13F filings for Q2 2023.