Nuveen California AMT-Free Quality Municipal Income Fund
NKX
67 hedge funds and large institutions have $111M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2023 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
45% more capital invested
Capital invested by funds: $76.3M → $111M (+$34.6M)
10% more funds holding
Funds holding: 61 → 67 (+6)
4.55% more ownership
Funds ownership: 15.66% → 20.21% (+4.6%)
5% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$23M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$5.61M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$765K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$748K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$313K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.33M |
| 2 |
EW
Evoke Wealth
Los Angeles,
California
|
-$1.74M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.57M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.04M |
| 5 |
LCM
Leisure Capital Management
Costa Mesa,
California
|
-$800K |
NKX Hedge Fund Activity: Q4 2023 in Review
67 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q4 2023, worth a combined $111M — up 45% from $76.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NKX positions and 6 closed out — a net gain of 7 holders — while 20 added to existing stakes and 21 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $23M. The largest seller was UBS Group, cutting an estimated $2.33M.
- 67 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q4 2023, up from 61 in Q3 2023.
- Funds reported $111M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q4 2023, up 45% quarter-over-quarter.
- 13 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q4 2023 and 6 closed out, a net change of +7 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $23M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q4 2023 was UBS Group, an estimated $2.33M sold.
Based on aggregated 13F filings for Q4 2023.