Nuveen California AMT-Free Quality Municipal Income Fund
NKX
60 hedge funds and large institutions have $105M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2021 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.83% less ownership
Funds ownership: 14.35% → 13.52% (-0.83%)
5% less capital invested
Capital invested by funds: $111M → $105M (-$5.83M)
9% less funds holding
Funds holding: 66 → 60 (-6)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.09M |
| 2 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$808K |
| 3 |
Morgan Stanley
New York
|
+$504K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$394K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$343K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.36M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.08M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.19M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.09M |
| 5 |
WT
Whittier Trust
South Pasadena,
California
|
-$621K |
NKX Hedge Fund Activity: Q3 2021 in Review
60 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q3 2021, worth a combined $105M — down 5.2% from $111M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NKX and 3 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 21 added.
The largest buyer was Hennion & Walsh Asset Management, adding an estimated $1.09M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.36M.
- 60 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q3 2021, down from 66 in Q2 2021.
- Funds reported $105M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q3 2021, down 5.2% quarter-over-quarter.
- 3 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q3 2021 and 9 closed out, a net change of -6 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q3 2021 was Hennion & Walsh Asset Management, an estimated $1.09M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q3 2021 was Rivernorth Capital Management, an estimated $3.36M sold.
Based on aggregated 13F filings for Q3 2021.