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Nuveen California AMT-Free Quality Municipal Income Fund

47 hedge funds and large institutions have $61.7M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

2% more funds holding

Funds holding: 4647 (+1)

1.02% less ownership

Funds ownership: 10.88%9.86% (-1%)

8% less capital invested

Capital invested by funds: $67.1M → $61.7M (-$5.46M)

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

Holders
47
Holders Change
+1
Holders Change %
+2.17%
% of All Funds
1.25%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
9
Reduced
12
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
UBS Group
1
UBS Group
Switzerland
$7.57M +$141K +9,487 +2%
GC
2
Guggenheim Capital
Illinois
$5.7M -$225K -15,164 -4%
PMG
3
Private Management Group
California
$5.46M -$34.2K -2,310 -0.6%
LPL Financial
4
LPL Financial
California
$4.99M +$258K +17,395 +5%
Invesco
5
Invesco
Georgia
$4.84M -$13.9K -937 -0.3%
AAM
6
Advisors Asset Management
Colorado
$4.83M +$590K +39,838 +14%
Morgan Stanley
7
Morgan Stanley
New York
$3.74M +$172K +11,590 +5%
Wells Fargo
8
Wells Fargo
California
$3.73M -$127K -8,591 -3%
RCM
9
Rivernorth Capital Management
Florida
$3.13M -$6.63M -447,196 -68%
Bank of America
10
Bank of America
North Carolina
$2.4M +$637K +42,995 +36%
LCM
11
Leisure Capital Management
California
$1.96M -$108K -7,273 -5%
WA
12
Whitebox Advisors
Minnesota
$1.51M
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$1.47M +$108K +7,278 +8%
AA
14
Apriem Advisors
California
$1.41M -$6.13K -414 -0.4%
Cohen & Steers
15
Cohen & Steers
New York
$1.36M -$305K -20,578 -18%
MSL
16
Mackay Shields LLC
New York
$1.06M +$1.05M +70,693 New
LTFS
17
Ladenburg Thalmann Financial Services
Florida
$893K +$44K +2,968 +5%
TIM
18
Tortoise Investment Management
New York
$644K +$20.4K +1,375 +3%
TCM
19
Tradewinds Capital Management
Washington
$628K
MBT
20
Montecito Bank & Trust
California
$576K +$62.2K +4,200 +12%
GEM
21
Global Endowment Management
North Carolina
$508K
HCM
22
Hollencrest Capital Management
California
$294K
SNT
23
Security National Trust
West Virginia
$280K
WT
24
Whittier Trust
California
$266K -$124K -8,347 -32%
RJFSA
25
Raymond James Financial Services Advisors
Florida
$257K

NKX Hedge Fund Activity: Q1 2015 in Review

47 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q1 2015, worth a combined $61.7M — down 8.1% from $67.1M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new NKX positions and 6 closed out — a net gain of 1 holder — while 9 added to existing stakes and 12 trimmed.

The largest buyer was Mackay Shields LLC, opening a new position worth an estimated $1.05M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.63M.

  • 47 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2015, up from 46 in Q4 2014.
  • Funds reported $61.7M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2015, down 8.1% quarter-over-quarter.
  • 7 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2015 and 6 closed out, a net change of +1 holder.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2015 was Mackay Shields LLC, an estimated $1.05M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2015 was Rivernorth Capital Management, an estimated $6.63M sold.

Based on aggregated 13F filings for Q1 2015.