Nuveen California AMT-Free Quality Municipal Income Fund
NKX
38 hedge funds and large institutions have $52.6M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 7 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
0.51% less ownership
Funds ownership: 7.74% → 7.23% (-0.51%)
9% less capital invested
Capital invested by funds: $57.7M → $52.6M (-$5.06M)
10% less funds holding
Funds holding: 42 → 38 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$949K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$517K |
| 3 |
Creative Planning
Overland Park,
Kansas
|
+$418K |
| 4 |
LPL Financial
San Diego,
California
|
+$417K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$384K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$4.29M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.11M |
| 3 |
PMG
Private Management Group
Irvine,
California
|
-$905K |
| 4 |
MBT
Montecito Bank & Trust
Santa Barbara,
California
|
-$338K |
| 5 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
-$294K |
NKX Hedge Fund Activity: Q3 2016 in Review
38 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q3 2016, worth a combined $52.6M — down 8.8% from $57.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NKX and 3 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was Guggenheim Capital, adding an estimated $949K. The largest seller was UBS Group, cutting an estimated $4.29M.
- 38 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q3 2016, down from 42 in Q2 2016.
- Funds reported $52.6M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q3 2016, down 8.8% quarter-over-quarter.
- 3 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q3 2016 and 7 closed out, a net change of -4 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q3 2016 was Guggenheim Capital, an estimated $949K added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q3 2016 was UBS Group, an estimated $4.29M sold.
Based on aggregated 13F filings for Q3 2016.