Nuveen California AMT-Free Quality Municipal Income Fund
NKX
58 hedge funds and large institutions have $89.9M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 13 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
64% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 14
22% more capital invested
Capital invested by funds: $73.6M → $89.9M (+$16.2M)
2.96% more ownership
Funds ownership: 11.5% → 14.46% (+3%)
3% less funds holding
Funds holding: 60 → 58 (-2)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$17.9M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.16M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.79M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$910K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$868K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$8.72M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.61M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$1.19M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.11M |
| 5 |
Millennium Management
New York
|
-$618K |
NKX Hedge Fund Activity: Q4 2018 in Review
58 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2018, worth a combined $89.9M — up 22% from $73.6M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NKX and 11 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 23 added.
The largest buyer was UBS Group, adding an estimated $17.9M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $8.72M sold.
- 58 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2018, down from 60 in Q3 2018.
- Funds reported $89.9M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2018, up 22% quarter-over-quarter.
- 11 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2018 and 13 closed out, a net change of -2 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2018 was UBS Group, an estimated $17.9M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2018 was Laurion Capital Management, an estimated $8.72M sold.
Based on aggregated 13F filings for Q4 2018.