Nuveen California AMT-Free Quality Municipal Income Fund
NKX
42 hedge funds and large institutions have $37.5M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
60% more capital invested
Capital invested by funds: $23.4M → $37.5M (+$14M)
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
14% more funds holding
Funds holding: 37 → 42 (+5)
2.81% more ownership
Funds ownership: 4.55% → 7.35% (+2.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMG
Private Management Group
Irvine,
California
|
+$4.57M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.3M |
| 3 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$1.43M |
| 4 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$1.22M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$901K |
| 2 |
Creative Planning
Overland Park,
Kansas
|
-$862K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$226K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$177K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$141K |
NKX Hedge Fund Activity: Q4 2013 in Review
42 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2013, worth a combined $37.5M — up 60% from $23.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NKX positions and 5 closed out — a net gain of 5 holders — while 13 added to existing stakes and 11 trimmed.
The largest buyer was Private Management Group, opening a new position worth an estimated $4.57M. The largest seller was Wells Fargo, cutting an estimated $901K.
- 42 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2013, up from 37 in Q3 2013.
- Funds reported $37.5M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2013, up 60% quarter-over-quarter.
- 10 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2013 and 5 closed out, a net change of +5 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2013 was Private Management Group, an estimated $4.57M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2013 was Wells Fargo, an estimated $901K sold.
Based on aggregated 13F filings for Q4 2013.