Nuveen California AMT-Free Quality Municipal Income Fund
NKX
45 hedge funds and large institutions have $62M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
7% more funds holding
Funds holding: 42 → 45 (+3)
0% more capital invested
Capital invested by funds: $61.7M → $62M (+$219K)
0.7% less ownership
Funds ownership: 9.59% → 8.89% (-0.7%)
53% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WT
Whittier Trust
South Pasadena,
California
|
+$628K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$547K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$409K |
| 4 |
Morgan Stanley
New York
|
+$395K |
| 5 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
+$271K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Leisure Capital Management
Costa Mesa,
California
|
-$2.27M |
| 2 |
PMG
Private Management Group
Irvine,
California
|
-$1.36M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.21M |
| 4 |
Cohen & Steers
New York
|
-$767K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
-$400K |
NKX Hedge Fund Activity: Q1 2016 in Review
45 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q1 2016, worth a combined $62M — up 0.35% from $61.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NKX positions and 4 closed out — a net gain of 3 holders — while 7 added to existing stakes and 15 trimmed.
The largest buyer was Whittier Trust, adding an estimated $628K. The largest seller was Leisure Capital Management, exiting entirely with an estimated $2.27M sold.
- 45 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2016, up from 42 in Q4 2015.
- Funds reported $62M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2016, up 0.35% quarter-over-quarter.
- 7 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2016 and 4 closed out, a net change of +3 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2016 was Whittier Trust, an estimated $628K added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2016 was Leisure Capital Management, an estimated $2.27M sold.
Based on aggregated 13F filings for Q1 2016.