Nuveen California AMT-Free Quality Municipal Income Fund
NKX
59 hedge funds and large institutions have $94.8M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 27 increasing their positions, 13 reducing their positions, and 5 closing their positions.
108% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 13
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.48% less ownership
Funds ownership: 13.14% → 12.66% (-0.48%)
1% less capital invested
Capital invested by funds: $95.8M → $94.8M (-$1.05M)
3% less funds holding
Funds holding: 61 → 59 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$824K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$759K |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$542K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$384K |
| 5 |
Millennium Management
New York
|
+$332K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.06M |
| 2 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$874K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$450K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$446K |
| 5 |
CRWM
Castle Rock Wealth Management
Walnut Creek,
California
|
-$353K |
NKX Hedge Fund Activity: Q4 2020 in Review
59 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2020, worth a combined $94.8M — down 1.1% from $95.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NKX and 4 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 27 added.
The largest buyer was Morgan Stanley, adding an estimated $824K. The largest seller was Rivernorth Capital Management, cutting an estimated $4.06M.
- 59 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2020, down from 61 in Q3 2020.
- Funds reported $94.8M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2020, down 1.1% quarter-over-quarter.
- 4 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2020 and 5 closed out, a net change of -1 holder.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2020 was Morgan Stanley, an estimated $824K added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2020 was Rivernorth Capital Management, an estimated $4.06M sold.
Based on aggregated 13F filings for Q4 2020.