Nuveen California AMT-Free Quality Municipal Income Fund
NKX
65 hedge funds and large institutions have $103M invested in Nuveen California AMT-Free Quality Municipal Income Fund in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 9 reducing their positions, and 10 closing their positions.
178% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 9
18% more capital invested
Capital invested by funds: $87.1M → $103M (+$16M)
1.56% more ownership
Funds ownership: 15.56% → 17.12% (+1.6%)
4% less funds holding
Funds holding: 68 → 65 (-3)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$3.22M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.11M |
| 3 |
Morgan Stanley
New York
|
+$2M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.52M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$655K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$980K |
| 2 |
VF
Virtu Financial
New York
|
-$324K |
| 3 |
Corient Private Wealth
Miami,
Florida
|
-$289K |
| 4 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$191K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$185K |
NKX Hedge Fund Activity: Q3 2025 in Review
65 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen California AMT-Free Quality Municipal Income Fund (NKX) for Q3 2025, worth a combined $103M — up 18% from $87.1M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NKX and 7 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 25 added.
The largest buyer was Northwestern Mutual Wealth Management, opening a new position worth an estimated $3.22M. The largest seller was Balyasny Asset Management, exiting entirely with an estimated $980K sold.
- 65 institutional investors held Nuveen California AMT-Free Quality Municipal Income Fund (NKX) as of Q3 2025, down from 68 in Q2 2025.
- Funds reported $103M of Nuveen California AMT-Free Quality Municipal Income Fund stock for Q3 2025, up 18% quarter-over-quarter.
- 7 funds opened new Nuveen California AMT-Free Quality Municipal Income Fund positions in Q3 2025 and 10 closed out, a net change of -3 holders.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund buyer in Q3 2025 was Northwestern Mutual Wealth Management, an estimated $3.22M added.
- The largest Nuveen California AMT-Free Quality Municipal Income Fund seller in Q3 2025 was Balyasny Asset Management, an estimated $980K sold.
Based on aggregated 13F filings for Q3 2025.