Nuveen California AMT-Free Quality Municipal Income Fund
NKX
45 hedge funds and large institutions have $59.2M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
5% more capital invested
Capital invested by funds: $56.4M → $59.2M (+$2.75M)
0.28% more ownership
Funds ownership: 9.88% → 10.16% (+0.28%)
10% less funds holding
Funds holding: 50 → 45 (-5)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$1.48M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$668K |
| 3 |
LPL Financial
San Diego,
California
|
+$498K |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$386K |
| 5 |
WT
Whittier Trust
South Pasadena,
California
|
+$316K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.22M |
| 2 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$385K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$251K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$185K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$168K |
NKX Hedge Fund Activity: Q3 2014 in Review
45 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q3 2014, worth a combined $59.2M — up 4.9% from $56.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NKX and 2 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 15 added.
The largest buyer was UBS, adding an estimated $1.48M. The largest seller was TFS Capital, exiting entirely with an estimated $1.22M sold.
- 45 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q3 2014, down from 50 in Q2 2014.
- Funds reported $59.2M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q3 2014, up 4.9% quarter-over-quarter.
- 2 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q3 2014 and 6 closed out, a net change of -4 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q3 2014 was UBS, an estimated $1.48M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q3 2014 was TFS Capital, an estimated $1.22M sold.
Based on aggregated 13F filings for Q3 2014.