Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NUVEEN CALIF AMT FREE MUNI I (NKX)

60 + Investors. Track Smart Money conviction in NKX. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
2Q ▼
Buyers last Q
67%

Smart Money Signals — NKX

Based on 60 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their NKX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
60 funds currently hold this stock — 92% of the 3.0-year high of 65 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding NKX is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🟢

More buyers than sellers — 67% buying

31 buying15 selling
Last quarter: 31 funds were net buyers (6 opened a brand new position + 25 added to an existing one). Only 15 were sellers (8 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~6 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 9 → 7 → 6. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

70% of holders stayed for 2+ years

■ 70% conviction (2yr+) ■ 18% medium ■ 12% new
42 out of 60 hedge funds have held NKX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

5 → 8 → 9 → 7 → 6 new funds/Q
New funds entering each quarter: 8 → 9 → 7 → 6. NKX is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 73% of holders stayed 2+ years

■ 73% veterans ■ 12% 1-2yr ■ 15% new
Of 60 current holders: 44 (73%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds
10 of 60 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in NKX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: NKX

How many hedge funds hold NKX — quarterly history vs. share price
Quarterly hedge fund ownership of NKX vs. share price

Market Analysis: NKX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NKX

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: NKX
2026 Q1 Stats Unlock in 17 days 60 + Investors

Track Smart Money conviction in NKX. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 60 61 -1.64%
13F Shares 8M 8M 1.14%
Total Value $102M $103M -0.67%
New Positions 6 7 -1
Increased Positions 25 25 -
Closed Positions 7 10 -3
Reduced Positions 8 8 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NKX

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

60 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NKX. Verified SEC 13F-HR filings.

Top 25 institutional holders of NKX — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 DKM Wealth Management, Inc. 1.82% 212,592 $2.5M
2 GK Wealth Management LLC 0.55% 54,096 $635K
3 DWR WEALTH MANAGEMENT, LLC 0.44% 38,541 $479K
4 Rareview Capital LLC 0.41% 58,827 $692K
5 Tortuga Wealth Management, Inc 0.17% 12,600 $157K
6 EHRLICH FINANCIAL GROUP 0.16% 23,012 $274K
7 LAZARI CAPITAL MANAGEMENT, INC. 0.12% 28,761 $342K
8 MKT Advisors LLC 0.12% 28,883 $344K
9 Blue Zone Wealth Advisors, LLC 0.11% 45,985 $547K
10 Diligent Investors, LLC 0.11% 36,087 $429K
11 FORONJY FINANCIAL LLC 0.06% 12,810 $152K
12 Castle Rock Wealth Management, LLC 0.06% 24,192 $289K
13 WEDBUSH SECURITIES INC 0.03% 76,929 —
14 Pasadena Private Wealth, LLC 0.02% 10,000 $119K
15 WOLFF WIESE MAGANA LLC 0.01% 1,500 $18K
16 PRIVATE TRUST CO NA 0.01% 9,000 $107K
17 MATHER GROUP, LLC. 0.01% 54,160 $645K
18 FNY Investment Advisers, LLC 0.00% 900 —
19 Perigon Wealth Management, LLC 0.00% 16,950 $202K
20 Pure Financial Advisors, LLC 0.00% 17,094 $203K
21 Golden State Wealth Management, LLC 0.00% 2,064 $25K
22 HIGHLINE WEALTH PARTNERS LLC 0.00% 524 $6K
23 Farther Finance Advisors, LLC 0.00% 13,823 $166K
24 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% 21,650 $259K
25 FIFTH THIRD BANCORP 0.00% 23,791 $283K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — NUVEEN CALIF AMT FREE MUNI I (NKX)

What does the Smart Money Trend signal show for NKX?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their NKX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NKX?

More buyers than sellers — 67% buying: Last quarter: 31 funds were net buyers (6 opened a brand new position + 25 added to an existing one). Only 15 were sellers (8 trimmed + 7 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NKX holders?

Elite ownership — 51% AUM from top-100 funds: 10 of 60 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in NKX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NKX?

70% of holders stayed for 2+ years: 42 out of 60 hedge funds have held NKX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.