Nuveen California AMT-Free Quality Municipal Income Fund
NKX
45 hedge funds and large institutions have $53.2M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 10 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.61% less ownership
Funds ownership: 8.99% → 8.38% (-0.61%)
5% less capital invested
Capital invested by funds: $55.9M → $53.2M (-$2.64M)
10% less funds holding
Funds holding: 50 → 45 (-5)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$536K |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$449K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$437K |
| 4 |
PWSG
Pacific Wealth Strategies Group
Santa Barbara,
California
|
+$351K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
+$172K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$2.75M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$552K |
| 3 |
MBT
Montecito Bank & Trust
Santa Barbara,
California
|
-$441K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$407K |
| 5 |
Squarepoint
New York
|
-$398K |
NKX Hedge Fund Activity: Q1 2017 in Review
45 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q1 2017, worth a combined $53.2M — down 4.7% from $55.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NKX and 7 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was Bank of America, adding an estimated $536K. The largest seller was Laurion Capital Management, exiting entirely with an estimated $2.75M sold.
- 45 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2017, down from 50 in Q4 2016.
- Funds reported $53.2M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2017, down 4.7% quarter-over-quarter.
- 7 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2017 and 10 closed out, a net change of -3 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2017 was Bank of America, an estimated $536K added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2017 was Laurion Capital Management, an estimated $2.75M sold.
Based on aggregated 13F filings for Q1 2017.