Nuveen California AMT-Free Quality Municipal Income Fund
NKX
59 hedge funds and large institutions have $91.7M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
2% more funds holding
Funds holding: 58 → 59 (+1)
2% more capital invested
Capital invested by funds: $89.9M → $91.7M (+$1.84M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 16
1.05% less ownership
Funds ownership: 14.46% → 13.41% (-1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.92M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1M |
| 3 |
JP Morgan Chase
New York
|
+$699K |
| 4 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$616K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$450K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$2.48M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.99M |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.54M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.18M |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.09M |
NKX Hedge Fund Activity: Q1 2019 in Review
59 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q1 2019, worth a combined $91.7M — up 2% from $89.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NKX positions and 8 closed out — a net gain of 1 holder — while 15 added to existing stakes and 16 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.92M. The largest seller was Beach Point Capital Management, cutting an estimated $2.48M.
- 59 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q1 2019, up from 58 in Q4 2018.
- Funds reported $91.7M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q1 2019, up 2% quarter-over-quarter.
- 9 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q1 2019 and 8 closed out, a net change of +1 holder.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q1 2019 was Robinson Capital Management, an estimated $1.92M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q1 2019 was Beach Point Capital Management, an estimated $2.48M sold.
Based on aggregated 13F filings for Q1 2019.