Nuveen California AMT-Free Quality Municipal Income Fund
NKX
47 hedge funds and large institutions have $61.7M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2% more funds holding
Funds holding: 46 → 47 (+1)
1.02% less ownership
Funds ownership: 10.88% → 9.86% (-1%)
8% less capital invested
Capital invested by funds: $67.1M → $61.7M (-$5.46M)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSL
Mackay Shields LLC
New York
|
+$1.05M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$637K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$590K |
| 4 |
LPL Financial
San Diego,
California
|
+$258K |
| 5 |
ACM
Alethea Capital Management
Mercer Island,
Washington
|
+$200K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.63M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.52M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$450K |
| 4 |
Cohen & Steers
New York
|
-$305K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$225K |
NKX Hedge Fund Activity: Q1 2015 in Review
47 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q1 2015, worth a combined $61.7M — down 8.1% from $67.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NKX positions and 6 closed out — a net gain of 1 holder — while 9 added to existing stakes and 12 trimmed.
The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $1.05M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.63M.
- 47 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2015, up from 46 in Q4 2014.
- Funds reported $61.7M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2015, down 8.1% quarter-over-quarter.
- 7 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2015 and 6 closed out, a net change of +1 holder.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2015 was Mackay Shields LLC, an estimated $1.05M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2015 was Rivernorth Capital Management, an estimated $6.63M sold.
Based on aggregated 13F filings for Q1 2015.