Nuveen California AMT-Free Quality Municipal Income Fund
NKX
50 hedge funds and large institutions have $55.9M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 1 closing their positions.
1,200% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 1
32% more funds holding
Funds holding: 38 → 50 (+12)
6% more capital invested
Capital invested by funds: $52.6M → $55.9M (+$3.22M)
1.77% more ownership
Funds ownership: 7.23% → 8.99% (+1.8%)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$2.84M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.34M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$720K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$631K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$958K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$605K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$409K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$356K |
| 5 |
Morgan Stanley
New York
|
-$354K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAN
51
Cetera Advisor Networks
El Segundo,
California
| – | -$201K | -12,110 | Closed |
|
|
BIM
52
BlackRock Investment Management
Wilmington,
Delaware
| – | +$89 | +6 | New |
|
53
Envestnet Asset Management
Chicago,
Illinois
| – | +$163 | +11 | New |
|
NKX Hedge Fund Activity: Q4 2016 in Review
50 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2016, worth a combined $55.9M — up 6.1% from $52.6M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NKX positions and 1 closed out — a net gain of 12 holders — while 10 added to existing stakes and 12 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $2.84M. The largest seller was Advisors Asset Management, cutting an estimated $958K.
- 50 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2016, up from 38 in Q3 2016.
- Funds reported $55.9M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2016, up 6.1% quarter-over-quarter.
- 13 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2016 and 1 closed out, a net change of +12 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2016 was Laurion Capital Management, an estimated $2.84M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2016 was Advisors Asset Management, an estimated $958K sold.
Based on aggregated 13F filings for Q4 2016.