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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

56 hedge funds and large institutions have $100M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more capital invested

Capital invested by funds: $80.5M → $100M (+$19.5M)

2.06% more ownership

Funds ownership: 11.96% → 14.02% (+2.1%)

6% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 17

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

13% less funds holding

Funds holding: 64 → 56 (-8)

62% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 13

Holders
56
Holders Change
-8
Holders Change %
-12.5%
% of All Funds
1.15%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
18
Reduced
17
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$5.93M
2
GC
Guggenheim Capital
Illinois
+$3.34M
3
UBS Group
UBS Group
Switzerland
+$3.02M
4
Morgan Stanley
Morgan Stanley
New York
+$2.97M
5
DADC
D.A. Davidson & Co
Montana
+$470K

Top Sellers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
-$474K
2
Invesco
Invesco
Georgia
-$446K
3
RCM
Robinson Capital Management
Michigan
-$394K
4
Osaic Holdings
Osaic Holdings
Arizona
-$360K
5
CRC
Curi RMB Capital
Illinois
-$283K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$23M +$3.02M +209,473 +16%
RCM
2
Rivernorth Capital Management
Florida
$13.2M +$5.93M +411,842 +87%
Morgan Stanley
3
Morgan Stanley
New York
$11.6M +$2.97M +206,314 +36%
GC
4
Guggenheim Capital
Illinois
$11.2M +$3.34M +232,160 +45%
Wells Fargo
5
Wells Fargo
California
$4.88M -$48.5K -3,370 -1%
PWSG
6
Pacific Wealth Strategies Group
California
$4.1M -$77.8K -5,406 -2%
FFA
7
First Foundation Advisors
California
$2.89M +$57.3K +3,982 +2%
LCM
8
Leisure Capital Management
California
$2.68M +$135K +9,345 +5%
C
9
Certuity
Florida
$2M +$360K +25,000 +23%
Invesco
10
Invesco
Georgia
$1.94M -$446K -30,983 -19%
AAM
11
Advisors Asset Management
Colorado
$1.76M -$118K -8,189 -6%
Bank of America
12
Bank of America
North Carolina
$1.72M +$134K +9,309 +9%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$1.69M +$392K +27,251 +32%
EW
14
Evoke Wealth
California
$1.64M +$29K +2,014 +2%
Osaic Holdings
15
Osaic Holdings
Arizona
$1.54M -$360K -25,020 -20%
DADC
16
D.A. Davidson & Co
Montana
$1.54M +$470K +32,656 +46%
WT
17
Whittier Trust
California
$1.3M -$116K -8,042 -8%
KIM
18
Karpus Investment Management
New York
$1.21M – – –
AA
19
Apriem Advisors
California
$1.09M -$9.55K -663 -0.9%
LPL Financial
20
LPL Financial
California
$780K +$13.2K +917 +2%
CC
21
Claybrook Capital
Massachusetts
$686K – – –
WS
22
Wedbush Securities
California
$662K -$33.1K -2,300 -5%
RJA
23
Raymond James & Associates
Florida
$585K -$48.4K -3,358 -8%
CAN
24
Cetera Advisor Networks
California
$414K -$13.8K -960 -3%
FAAS
25
First Allied Advisory Services
California
$406K -$5.27K -366 -1%
1
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NKX Hedge Fund Activity: Q2 2020 in Review

56 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q2 2020, worth a combined $100M — up 24% from $80.5M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of NKX and 5 opened new positions — a net loss of 8 holders — while 17 trimmed existing stakes and 18 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $5.93M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $474K sold.

  • 56 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q2 2020, down from 64 in Q1 2020.
  • Funds reported $100M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q2 2020, up 24% quarter-over-quarter.
  • 5 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q2 2020 and 13 closed out, a net change of -8 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $5.93M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q2 2020 was AQR Arbitrage, an estimated $474K sold.

Based on aggregated 13F filings for Q2 2020.