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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

61 hedge funds and large institutions have $95.8M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 1

9% more funds holding

Funds holding: 56 → 61 (+5)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.88% less ownership

Funds ownership: 14.02% → 13.14% (-0.88%)

4% less capital invested

Capital invested by funds: $100M → $95.8M (-$4.14M)

16% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 19

Holders
61
Holders Change
+5
Holders Change %
+8.93%
% of All Funds
1.23%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
16
Reduced
19
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
JWCA
J.W. Cole Advisors
Florida
+$879K
2
EW
Evoke Wealth
California
+$494K
3
Wells Fargo
Wells Fargo
California
+$448K
4
Morgan Stanley
Morgan Stanley
New York
+$336K
5
FAT
First American Trust
California
+$300K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$7.23M
2
KIM
Karpus Investment Management
New York
-$1.07M
3
GC
Guggenheim Capital
Illinois
-$386K
4
Invesco
Invesco
Georgia
-$321K
5
UBS Group
UBS Group
Switzerland
-$309K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$23.3M -$309K -20,108 -1%
Morgan Stanley
2
Morgan Stanley
New York
$12.2M +$336K +21,861 +3%
GC
3
Guggenheim Capital
Illinois
$11.1M -$386K -25,170 -3%
RCM
4
Rivernorth Capital Management
Florida
$6.29M -$7.23M -470,738 -53%
Wells Fargo
5
Wells Fargo
California
$5.44M +$448K +29,178 +9%
PWSG
6
Pacific Wealth Strategies Group
California
$4.19M – – –
LCM
7
Leisure Capital Management
California
$2.83M +$96.7K +6,298 +4%
FFA
8
First Foundation Advisors
California
$2.73M -$227K -14,772 -8%
EW
9
Evoke Wealth
California
$2.17M +$494K +32,178 +29%
C
10
Certuity
Florida
$2.04M – – –
AAM
11
Advisors Asset Management
Colorado
$1.93M +$124K +8,059 +7%
Bank of America
12
Bank of America
North Carolina
$1.88M +$123K +8,003 +7%
Osaic Holdings
13
Osaic Holdings
Arizona
$1.73M +$152K +9,917 +10%
Invesco
14
Invesco
Georgia
$1.66M -$321K -20,880 -16%
DADC
15
D.A. Davidson & Co
Montana
$1.61M +$35.1K +2,284 +2%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$1.58M -$151K -9,854 -9%
WT
17
Whittier Trust
California
$1.31M -$21.8K -1,418 -2%
AA
18
Apriem Advisors
California
$1.13M +$19.9K +1,293 +2%
JWCA
19
J.W. Cole Advisors
Florida
$874K +$879K +57,250 New
LPL Financial
20
LPL Financial
California
$767K -$30.9K -2,011 -4%
CC
21
Claybrook Capital
Massachusetts
$701K – – –
KAS
22
Kestra Advisory Services
Texas
$642K +$646K +42,055 New
WS
23
Wedbush Securities
California
$530K -$147K -9,594 -22%
RJA
24
Raymond James & Associates
Florida
$523K -$76.5K -4,984 -13%
Creative Planning
25
Creative Planning
Kansas
$409K +$614 +40 +0.1%
1
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NKX Hedge Fund Activity: Q3 2020 in Review

61 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q3 2020, worth a combined $95.8M — down 4.1% from $100M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new NKX positions and 1 closed out — a net gain of 5 holders — while 16 added to existing stakes and 19 trimmed.

The largest buyer was J.W. Cole Advisors, opening a new position worth an estimated $879K. The largest seller was Rivernorth Capital Management, cutting an estimated $7.23M.

  • 61 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q3 2020, up from 56 in Q2 2020.
  • Funds reported $95.8M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q3 2020, down 4.1% quarter-over-quarter.
  • 6 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q3 2020 and 1 closed out, a net change of +5 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q3 2020 was J.W. Cole Advisors, an estimated $879K added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q3 2020 was Rivernorth Capital Management, an estimated $7.23M sold.

Based on aggregated 13F filings for Q3 2020.