Nuveen California AMT-Free Quality Municipal Income Fund
NKX
48 hedge funds and large institutions have $56.6M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 8 closing their positions.
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
10% more capital invested
Capital invested by funds: $51.5M → $56.6M (+$5.06M)
7% more funds holding
Funds holding: 45 → 48 (+3)
1.67% more ownership
Funds ownership: 6.68% → 8.35% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
29% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$6.96M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.17M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.29M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.18M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$1.35M |
| 2 |
Morgan Stanley
New York
|
-$1.28M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$848K |
| 4 |
SNT
Security National Trust
Wheeling,
West Virginia
|
-$288K |
| 5 |
ACM
Alethea Capital Management
Mercer Island,
Washington
|
-$213K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SNT
51
Security National Trust
Wheeling,
West Virginia
| – | -$288K | -18,764 | Closed |
|
52
Northern Trust
Chicago,
Illinois
| – | -$2K | -15,758 | Closed |
|
|
ACM
53
Alethea Capital Management
Mercer Island,
Washington
| – | -$213K | -13,888 | Closed |
|
54
Ameriprise
Minneapolis,
Minnesota
| – | -$208K | -13,557 | Closed |
|
|
CA
55
Cetera Advisors
Denver,
Colorado
| – | -$180K | -11,825 | Closed |
|
56
First Trust Advisors
Wheaton,
Illinois
| – | -$167K | -10,851 | Closed |
|
|
MWM
57
Mission Wealth Management
Santa Barbara,
California
| – | -$156K | -10,138 | Closed |
|
|
CA
58
Calton & Associates
Tampa,
Florida
| – | -$23K | -1,564 | Closed |
|
NKX Hedge Fund Activity: Q1 2018 in Review
48 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q1 2018, worth a combined $56.6M — up 9.8% from $51.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NKX positions and 8 closed out — a net gain of 3 holders — while 10 added to existing stakes and 14 trimmed.
The largest buyer was Laurion Capital Management, adding an estimated $6.96M. The largest seller was Ladenburg Thalmann Financial Services, cutting an estimated $1.35M.
- 48 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2018, up from 45 in Q4 2017.
- Funds reported $56.6M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2018, up 9.8% quarter-over-quarter.
- 11 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2018 and 8 closed out, a net change of +3 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2018 was Laurion Capital Management, an estimated $6.96M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2018 was Ladenburg Thalmann Financial Services, an estimated $1.35M sold.
Based on aggregated 13F filings for Q1 2018.