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Nuveen California AMT-Free Quality Municipal Income Fund
NKX

56 hedge funds and large institutions have $73.4M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2022 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 13

0.39% more ownership

Funds ownership: 12.7% → 13.08% (+0.39%)

5% less funds holding

Funds holding: 59 → 56 (-3)

6% less capital invested

Capital invested by funds: $77.8M → $73.4M (-$4.37M)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
56
Holders Change
-3
Holders Change %
-5.08%
% of All Funds
0.96%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
19
Reduced
13
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$2.89M
2
AAM
Advisors Asset Management
Colorado
+$512K
3
AWS
Atria Wealth Solutions
New York
+$508K
4
Wells Fargo
Wells Fargo
California
+$490K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$461K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.62M
2
DADC
D.A. Davidson & Co
Montana
-$365K
3
OFG
OTA Financial Group
New York
-$337K
4
TFO
Tarbox Family Office
California
-$260K
5
KPW
Kore Private Wealth
New York
-$257K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$17.6M +$2.89M +217,185 +17%
UBS Group
2
UBS Group
Switzerland
$8.88M +$291K +21,912 +3%
Wells Fargo
3
Wells Fargo
California
$8.53M +$490K +36,816 +5%
GC
4
Guggenheim Capital
Illinois
$6M -$1.62M -122,090 -19%
HWAM
5
Hennion & Walsh Asset Management
New Jersey
$4.17M +$430K +32,329 +10%
AAM
6
Advisors Asset Management
Colorado
$3.49M +$512K +38,543 +15%
LCM
7
Leisure Capital Management
California
$2.4M -$10.2K -769 -0.4%
MIAN
8
Mariner Independent Advisor Network
Kansas
$2.36M -$232K -17,436 -8%
BZWA
9
Blue Zone Wealth Advisors
California
$2.16M -$3.48K -262 -0.1%
EW
10
Evoke Wealth
California
$1.74M – – –
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$1.31M +$400K +30,057 +37%
LPL Financial
12
LPL Financial
California
$1.26M +$47.8K +3,594 +3%
WS
13
Wedbush Securities
California
$900K +$20.7K +1,556 +2%
MA
14
MKT Advisors
California
$880K – – –
AA
15
Apriem Advisors
California
$808K -$9.97K -750 -1%
CC
16
Claybrook Capital
Massachusetts
$695K – – –
RJA
17
Raymond James & Associates
Florida
$623K -$45.9K -3,449 -6%
KAS
18
Kestra Advisory Services
Texas
$606K +$4.55K +342 +0.7%
DI
19
Diligent Investors
California
$602K -$39.9K -2,999 -6%
DADC
20
D.A. Davidson & Co
Montana
$578K -$365K -27,482 -36%
Ameriprise
21
Ameriprise
Minnesota
$528K +$155K +11,622 +35%
WWM
22
Western Wealth Management
Colorado
$524K – – –
Osaic Holdings
23
Osaic Holdings
Arizona
$488K +$4.88K +367 +0.9%
AWS
24
Atria Wealth Solutions
New York
$453K +$508K +38,210 New
PWSG
25
Pacific Wealth Strategies Group
California
$433K -$21.3K -1,600 -4%
1
2 3

NKX Hedge Fund Activity: Q3 2022 in Review

56 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q3 2022, worth a combined $73.4M — down 5.6% from $77.8M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of NKX and 5 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 19 added.

The largest buyer was Morgan Stanley, adding an estimated $2.89M. The largest seller was Guggenheim Capital, cutting an estimated $1.62M.

  • 56 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q3 2022, down from 59 in Q2 2022.
  • Funds reported $73.4M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q3 2022, down 5.6% quarter-over-quarter.
  • 5 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q3 2022 and 8 closed out, a net change of -3 holders.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q3 2022 was Morgan Stanley, an estimated $2.89M added.
  • The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q3 2022 was Guggenheim Capital, an estimated $1.62M sold.

Based on aggregated 13F filings for Q3 2022.