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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

61 hedge funds and large institutions have $76.3M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.47% more ownership

Funds ownership: 15.19% → 15.66% (+0.47%)

5% less funds holding

Funds holding: 64 → 61 (-3)

8% less capital invested

Capital invested by funds: $83.3M → $76.3M (-$6.95M)

10% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 20

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

Holders
61
Holders Change
-3
Holders Change %
-4.69%
% of All Funds
0.97%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
18
Reduced
20
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
+$1.65M
2
Morgan Stanley
Morgan Stanley
New York
+$1.54M
3
Fisher Asset Management
Fisher Asset Management
Washington
+$937K
4
GC
Guggenheim Capital
Illinois
+$804K
5
LSC
Logan Stone Capital
Illinois
+$773K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$1.48M
2
SCA
Snowden Capital Advisors
New York
-$755K
3
Wells Fargo
Wells Fargo
California
-$591K
4
VF
Virtu Financial
New York
-$270K
5
LCM
Landscape Capital Management
New Jersey
-$255K
Name Holding Trade Value Shares
Change 		Change in
Stake
KAS
26
Kestra Advisory Services
Texas
$422K +$3.32K +298 +0.7%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$422K -$37.7K -3,387 -8%
IWC
28
Integrated Wealth Concepts
Massachusetts
$368K +$189 +17 +0%
DADC
29
D.A. Davidson & Co
Montana
$333K -$68.9K -6,188 -16%
Bank of America
30
Bank of America
North Carolina
$325K -$62.3K -5,593 -15%
LCM
31
Lazari Capital Management
California
$295K – – –
Cetera Investment Advisers
32
Cetera Investment Advisers
Illinois
$280K -$2.13K -191 -0.7%
Osaic Holdings
33
Osaic Holdings
Arizona
$256K +$11.8K +1,060 +4%
PWM
34
Perigon Wealth Management
California
$254K – – –
CRWM
35
Castle Rock Wealth Management
California
$253K +$66K +5,929 +31%
IP
36
Ignite Planners
California
$246K +$757 +68 +0.3%
VHAM
37
Van Hulzen Asset Management
California
$242K -$100 -9 -0%
LCM
38
Landscape Capital Management
New Jersey
$238K -$255K -22,938 -50%
WWM
39
Western Wealth Management
Colorado
$228K +$200 +18 +0.1%
Cerity Partners
40
Cerity Partners
New York
$226K – – –
SSWM
41
Strait & Sound Wealth Management
California
$225K -$27.5K -2,470 -10%
SWP
42
Stratos Wealth Partners
Ohio
$211K – – –
Creative Planning
43
Creative Planning
Kansas
$200K -$13.3K -1,194 -6%
Wealth Enhancement Advisory Services
44
Wealth Enhancement Advisory Services
Minnesota
$190K +$206K +18,547 New
CWP
45
Core Wealth Partners
California
$189K – – –
Janney Montgomery Scott
46
Janney Montgomery Scott
Pennsylvania
$184K +$33K +2,963 +20%
PFA
47
Pure Financial Advisors
California
$175K – – –
SCM
48
Saba Capital Management
New York
$153K – – –
AWS
49
Atria Wealth Solutions
New York
$149K -$16.7K -1,500 -9%
MA
50
Mutual Advisors
Nebraska
$143K – – –
1
2
3

NKX Hedge Fund Activity: Q3 2023 in Review

61 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q3 2023, worth a combined $76.3M — down 8.3% from $83.3M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of NKX and 5 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 18 added.

The largest buyer was AQR Arbitrage, adding an estimated $1.65M. The largest seller was UBS Group, cutting an estimated $1.48M.

  • 61 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q3 2023, down from 64 in Q2 2023.
  • Funds reported $76.3M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q3 2023, down 8.3% quarter-over-quarter.
  • 5 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q3 2023 and 7 closed out, a net change of -2 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q3 2023 was AQR Arbitrage, an estimated $1.65M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q3 2023 was UBS Group, an estimated $1.48M sold.

Based on aggregated 13F filings for Q3 2023.