Nuveen California AMT-Free Quality Municipal Income Fund
NKX
64 hedge funds and large institutions have $80.5M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 11 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
0.16% more ownership
Funds ownership: 11.8% → 11.96% (+0.16%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 11
3% less funds holding
Funds holding: 66 → 64 (-2)
6% less capital invested
Capital invested by funds: $85.7M → $80.5M (-$5.27M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.1M |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$1.07M |
| 3 |
Morgan Stanley
New York
|
+$886K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$760K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$683K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$3.25M |
| 2 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$916K |
| 3 |
IC
IEQ Capital
Foster City,
California
|
-$813K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$575K |
| 5 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
-$500K |
NKX Hedge Fund Activity: Q1 2020 in Review
64 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q1 2020, worth a combined $80.5M — down 6.1% from $85.7M a quarter earlier.
Fund positioning in NKX was balanced in Q1 2020: 11 funds opened new positions, 11 closed out, 19 added to existing stakes and 15 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.1M. The largest seller was UBS Group, cutting an estimated $3.25M.
- 64 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2020, down from 66 in Q4 2019.
- Funds reported $80.5M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2020, down 6.1% quarter-over-quarter.
- 11 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2020 and 11 closed out, a net change of 0 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2020 was Rivernorth Capital Management, an estimated $5.1M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2020 was UBS Group, an estimated $3.25M sold.
Based on aggregated 13F filings for Q1 2020.