Nuveen California AMT-Free Quality Municipal Income Fund
NKX
66 hedge funds and large institutions have $85.7M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2019 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 11 reducing their positions, and 6 closing their positions.
127% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 11
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
5% more funds holding
Funds holding: 63 → 66 (+3)
1.03% less ownership
Funds ownership: 12.83% → 11.8% (-1%)
7% less capital invested
Capital invested by funds: $92.6M → $85.7M (-$6.87M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$895K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$779K |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$497K |
| 4 |
WT
Whittier Trust
South Pasadena,
California
|
+$474K |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$471K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.67M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.53M |
| 3 |
LWAC
Laurel Wealth Advisors (California)
Solana Beach,
California
|
-$1.38M |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$1.18M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$821K |
NKX Hedge Fund Activity: Q4 2019 in Review
66 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2019, worth a combined $85.7M — down 7.4% from $92.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NKX positions and 6 closed out — a net gain of 4 holders — while 25 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $895K. The largest seller was Royal Bank of Canada, cutting an estimated $6.67M.
- 66 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2019, up from 63 in Q3 2019.
- Funds reported $85.7M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2019, down 7.4% quarter-over-quarter.
- 10 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2019 and 6 closed out, a net change of +4 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2019 was Morgan Stanley, an estimated $895K added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2019 was Royal Bank of Canada, an estimated $6.67M sold.
Based on aggregated 13F filings for Q4 2019.