Nuveen California AMT-Free Quality Municipal Income Fund
NKX
50 hedge funds and large institutions have $56.4M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 3 reducing their positions, and 3 closing their positions.
533% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 3
367% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 3
28% more funds holding
Funds holding: 39 → 50 (+11)
28% more capital invested
Capital invested by funds: $44M → $56.4M (+$12.4M)
1.97% more ownership
Funds ownership: 7.91% → 9.88% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.46M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.22M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$1.15M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$975K |
| 5 |
LPL Financial
San Diego,
California
|
+$859K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$747K |
| 2 |
HK
Horizon Kinetics
New York
|
-$200K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$145K |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$134K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$76.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HK
51
Horizon Kinetics
New York
| – | -$200K | -15,067 | Closed |
|
|
52
First Trust Advisors
Wheaton,
Illinois
| – | -$145K | -10,870 | Closed |
|
|
53
AllianceBernstein
Nashville,
Tennessee
| – | -$134K | -10,047 | Closed |
|
NKX Hedge Fund Activity: Q2 2014 in Review
50 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q2 2014, worth a combined $56.4M — up 28% from $44M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NKX positions and 3 closed out — a net gain of 11 holders — while 19 added to existing stakes and 3 trimmed.
The largest buyer was Invesco, adding an estimated $1.46M. The largest seller was Global Endowment Management, cutting an estimated $747K.
- 50 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q2 2014, up from 39 in Q1 2014.
- Funds reported $56.4M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q2 2014, up 28% quarter-over-quarter.
- 14 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q2 2014 and 3 closed out, a net change of +11 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q2 2014 was Invesco, an estimated $1.46M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q2 2014 was Global Endowment Management, an estimated $747K sold.
Based on aggregated 13F filings for Q2 2014.