Nuveen California AMT-Free Quality Municipal Income Fund
NKX
59 hedge funds and large institutions have $77.8M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2022 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 17 reducing their positions, and 18 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 17
1.01% less ownership
Funds ownership: 13.71% → 12.7% (-1%)
12% less capital invested
Capital invested by funds: $88.2M → $77.8M (-$10.4M)
14% less funds holding
Funds holding: 69 → 59 (-10)
56% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.5M |
| 2 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$2.84M |
| 3 |
BZWA
Blue Zone Wealth Advisors
Los Angeles,
California
|
+$2.39M |
| 4 |
Morgan Stanley
New York
|
+$2.08M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$821K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.96M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$5.26M |
| 3 |
PWSG
Pacific Wealth Strategies Group
Santa Barbara,
California
|
-$2.72M |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$1.66M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$767K |
NKX Hedge Fund Activity: Q2 2022 in Review
59 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q2 2022, worth a combined $77.8M — down 12% from $88.2M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of NKX and 8 opened new positions — a net loss of 10 holders — while 17 trimmed existing stakes and 19 added.
The largest buyer was Wells Fargo, adding an estimated $4.5M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $5.96M sold.
- 59 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q2 2022, down from 69 in Q1 2022.
- Funds reported $77.8M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q2 2022, down 12% quarter-over-quarter.
- 8 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q2 2022 and 18 closed out, a net change of -10 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q2 2022 was Wells Fargo, an estimated $4.5M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q2 2022 was Rivernorth Capital Management, an estimated $5.96M sold.
Based on aggregated 13F filings for Q2 2022.