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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

65 hedge funds and large institutions have $103M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 9 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

178% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 9

18% more capital invested

Capital invested by funds: $87.1M → $103M (+$16M)

1.56% more ownership

Funds ownership: 15.56% → 17.12% (+1.6%)

4% less funds holding

Funds holding: 68 → 65 (-3)

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10

Holders
65
Holders Change
-3
Holders Change %
-4.41%
% of All Funds
0.85%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
25
Reduced
9
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$3.22M
2
GC
Guggenheim Capital
Illinois
+$2.11M
3
Morgan Stanley
Morgan Stanley
New York
+$2M
4
AAM
Advisors Asset Management
Colorado
+$1.52M
5
UBS Group
UBS Group
Switzerland
+$655K

Top Sellers

Rank Fund Capital Flow
1
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$980K
2
VF
Virtu Financial
New York
-$324K
3
Corient Private Wealth
Corient Private Wealth
Florida
-$289K
4
JWCA
J.W. Cole Advisors
Florida
-$191K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$185K
Name Holding Trade Value Shares
Change 		Change in
Stake
DI
26
Diligent Investors
California
$454K +$27.9K +2,338 +7%
IWC
27
Integrated Wealth Concepts
Massachusetts
$441K +$107 +9 +0%
Bank of America
28
Bank of America
North Carolina
$434K -$14K -1,169 -3%
LCM
29
Lazari Capital Management
California
$364K – – –
VHAM
30
Van Hulzen Asset Management
California
$361K +$12.5K +1,047 +4%
PWSG
31
Pacific Wealth Strategies Group
California
$355K – – –
Mercer Global Advisors
32
Mercer Global Advisors
Colorado
$349K +$328K +27,511 New
Cerity Partners
33
Cerity Partners
New York
$347K – – –
Cetera Investment Advisers
34
Cetera Investment Advisers
Illinois
$314K -$15.4K -1,291 -5%
CRWM
35
Castle Rock Wealth Management
California
$310K – – –
EFG
36
Ehrlich Financial Group
California
$290K +$43.4K +3,638 +19%
Creative Planning
37
Creative Planning
Kansas
$279K +$10K +838 +4%
Wealth Enhancement Advisory Services
38
Wealth Enhancement Advisory Services
Minnesota
$272K – – –
MWM
39
Modern Wealth Management
Kansas
$268K – – –
SSWM
40
Strait & Sound Wealth Management
California
$265K – – –
Stifel Financial
41
Stifel Financial
Missouri
$252K +$34.4K +2,885 +17%
Bank of Montreal
42
Bank of Montreal
Ontario, Canada
$247K +$2.56K +214 +1%
CWP
43
Core Wealth Partners
California
$233K – – –
Osaic Holdings
44
Osaic Holdings
Arizona
$231K -$8.14K -682 -3%
DADC
45
D.A. Davidson & Co
Montana
$229K +$66K +5,525 +44%
FCA
46
FLC Capital Advisors
California
$226K – – –
PFA
47
Pure Financial Advisors
California
$217K – – –
PWM
48
Perigon Wealth Management
California
$215K – – –
Comerica Bank
49
Comerica Bank
Texas
$213K +$164K +13,779 +459%
SCA
50
Snowden Capital Advisors
New York
$183K +$48 +4 +0%
1
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NKX Hedge Fund Activity: Q3 2025 in Review

65 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q3 2025, worth a combined $103M — up 18% from $87.1M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NKX and 7 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 25 added.

The largest buyer was Northwestern Mutual Wealth Management, opening a new position worth an estimated $3.22M. The largest seller was Balyasny Asset Management, exiting entirely with an estimated $980K sold.

  • 65 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q3 2025, down from 68 in Q2 2025.
  • Funds reported $103M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q3 2025, up 18% quarter-over-quarter.
  • 7 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q3 2025 and 10 closed out, a net change of -3 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q3 2025 was Northwestern Mutual Wealth Management, an estimated $3.22M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q3 2025 was Balyasny Asset Management, an estimated $980K sold.

Based on aggregated 13F filings for Q3 2025.