Nuveen California AMT-Free Quality Municipal Income Fund
NKX
56 hedge funds and large institutions have $100M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 13 closing their positions.
24% more capital invested
Capital invested by funds: $80.5M → $100M (+$19.5M)
2.06% more ownership
Funds ownership: 11.96% → 14.02% (+2.1%)
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
13% less funds holding
Funds holding: 64 → 56 (-8)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.93M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.34M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.02M |
| 4 |
Morgan Stanley
New York
|
+$2.97M |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$470K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$474K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$446K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$394K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$360K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$283K |
NKX Hedge Fund Activity: Q2 2020 in Review
56 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q2 2020, worth a combined $100M — up 24% from $80.5M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NKX and 5 opened new positions — a net loss of 8 holders — while 17 trimmed existing stakes and 18 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.93M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $474K sold.
- 56 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q2 2020, down from 64 in Q1 2020.
- Funds reported $100M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q2 2020, up 24% quarter-over-quarter.
- 5 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q2 2020 and 13 closed out, a net change of -8 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $5.93M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q2 2020 was AQR Arbitrage, an estimated $474K sold.
Based on aggregated 13F filings for Q2 2020.