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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

67 hedge funds and large institutions have $111M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

45% more capital invested

Capital invested by funds: $76.3M → $111M (+$34.6M)

10% more funds holding

Funds holding: 61 → 67 (+6)

4.55% more ownership

Funds ownership: 15.66% → 20.21% (+4.6%)

5% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 21

Holders
67
Holders Change
+6
Holders Change %
+9.84%
% of All Funds
0.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
20
Reduced
21
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$23M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$5.61M
3
GC
Guggenheim Capital
Illinois
+$765K
4
LCM
Landscape Capital Management
New Jersey
+$748K
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$313K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$2.33M
2
EW
Evoke Wealth
California
-$1.74M
3
Wells Fargo
Wells Fargo
California
-$1.57M
4
LSC
Logan Stone Capital
Illinois
-$1.04M
5
LCM
Leisure Capital Management
California
-$800K
Name Holding Trade Value Shares
Change 		Change in
Stake
MA
51
Mutual Advisors
Nebraska
$161K – – –
Wealth Enhancement Advisory Services
52
Wealth Enhancement Advisory Services
Minnesota
$158K -$52.9K -4,897 -26%
Cambridge Investment Research Advisors
53
Cambridge Investment Research Advisors
Iowa
$142K +$1.36K +126 +1%
SQA
54
Simon Quick Advisors
New Jersey
$130K +$122K +11,252 New
STA
55
Summit Trail Advisors
New York
$123K +$115K +10,665 New
Susquehanna International Group
56
Susquehanna International Group
Pennsylvania
$118K +$110K +10,194 New
Nomura Holdings
57
Nomura Holdings
Japan
$115K +$108K +10,000 New
Comerica Bank
58
Comerica Bank
Texas
$71K – – –
EC
59
Elequin Capital
New York
$37.4K +$35K +3,238 New
AF
60
Allworth Financial
California
$34.6K – – –
UB
61
UMB Bank
Missouri
$26.5K +$24.9K +2,300 New
WAM
62
Wolverine Asset Management
Illinois
$21.9K -$479K -44,365 -96%
BCM
63
Blume Capital Management
California
$13.8K – – –
WIM
64
Westside Investment Management
California
$7.71K – – –
Northwestern Mutual Wealth Management
65
Northwestern Mutual Wealth Management
Wisconsin
$3.59K +$3.36K +311 New
WT
66
Whittier Trust
California
$2.31K – – –
Citigroup
67
Citigroup
New York
$35 – – –
EW
68
Evoke Wealth
California
– -$1.74M -168,863 Closed
IP
69
Ignite Planners
California
– -$246K -24,594 Closed
SCM
70
Saba Capital Management
New York
– -$153K -14,902 Closed
WIA
71
World Investment Advisors
California
– -$131K -12,755 Closed
FIA
72
FNY Investment Advisers
New York
– -$9K -900 Closed
SVCP
73
Silicon Valley Capital Partners
California
– -$4.31K -399 Closed
1 2
3

NKX Hedge Fund Activity: Q4 2023 in Review

67 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2023, worth a combined $111M — up 45% from $76.3M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new NKX positions and 6 closed out — a net gain of 7 holders — while 20 added to existing stakes and 21 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $23M. The largest seller was UBS Group, cutting an estimated $2.33M.

  • 67 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2023, up from 61 in Q3 2023.
  • Funds reported $111M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2023, up 45% quarter-over-quarter.
  • 13 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2023 and 6 closed out, a net change of +7 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $23M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2023 was UBS Group, an estimated $2.33M sold.

Based on aggregated 13F filings for Q4 2023.