Nuveen California AMT-Free Quality Municipal Income Fund
NKX
58 hedge funds and large institutions have $88.7M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 7 closing their positions.
0.54% less ownership
Funds ownership: 13.41% → 12.87% (-0.54%)
3% less capital invested
Capital invested by funds: $91.7M → $88.7M (-$3.02M)
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
2% less funds holding
Funds holding: 59 → 58 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.16M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$413K |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$376K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$301K |
| 5 |
LNWWM
Laird Norton Wetherby Wealth Management
San Francisco,
California
|
+$284K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$4.31M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.38M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.43M |
| 4 |
JP Morgan Chase
New York
|
-$726K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$524K |
NKX Hedge Fund Activity: Q2 2019 in Review
58 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q2 2019, worth a combined $88.7M — down 3.3% from $91.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NKX and 6 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 16 added.
The largest buyer was Royal Bank of Canada, adding an estimated $6.16M. The largest seller was Beach Point Capital Management, exiting entirely with an estimated $4.31M sold.
- 58 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q2 2019, down from 59 in Q1 2019.
- Funds reported $88.7M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q2 2019, down 3.3% quarter-over-quarter.
- 6 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q2 2019 and 7 closed out, a net change of -1 holder.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q2 2019 was Royal Bank of Canada, an estimated $6.16M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q2 2019 was Beach Point Capital Management, an estimated $4.31M sold.
Based on aggregated 13F filings for Q2 2019.