Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Nuveen Calif Amt Free Muni I (NKX)

85 + 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
↑ +6
Streak
2Q ▲
Buyers last Q
71%

Smart Money Signals — NKX

Based on 85 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added NKX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
85 hedge funds hold NKX right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +29% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+29% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 71% buying

44 buying18 selling
Last quarter: 44 funds were net buyers (14 opened a brand new position + 30 added to an existing one). Only 18 were sellers (10 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 7 → 6 → 20 → 14. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 15% medium ■ 31% new
46 out of 85 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.
📈

Growing discovery — still being found

9 → 7 → 6 → 20 → 14 new funds/Q
New funds entering each quarter: 7 → 6 → 20 → 14. A growing number of institutions are discovering NKX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 60% veterans vs 31% newcomers

■ 60% veterans ■ 9% 1-2yr ■ 31% new
Entry-cohort mix of 85 holders: 51 (60%) are 2+ year veterans, 8 entered 1–2 years ago, and 26 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
14 of 85 holders are among the 100 largest funds by AUM, controlling 52% 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.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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.

Institutional Sentiment Summary — NKX

In 2026 Q2, 44 hedge funds were net buyers of NKX (14 opened a new position, 30 added to an existing one), while 18 reduced or exited (10 trimmed, 8 sold completely) — a 71% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 52% of total institutional value in NKX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 85.

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

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: NKX
85 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 85 79 7.59%
13F Shares 10M 9M 6.0%
Total Value $124M $111M 11.34%
New Positions 14 20 -6
Increased Positions 30 21 +9
Closed Positions 8 3 +5
Reduced Positions 10 13 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NKX

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Institutional Holders (2026 Q2)

85 + investors

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

QUARTER:
Top 25 NKX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 DKM Wealth Management, Inc. 1.74% 212,592 $2.7M
2 Dwr Wealth Management, LLC 0.50% 54,138 $675K
3 Rareview Capital LLC 0.39% 58,889 $693K
4 Advisors Asset Management, Inc. 0.24% 1,240,864 $15.5M
5 Pacific Wealth Strategies Group, Inc. 0.20% 28,000 $351K
6 Tortuga Wealth Management, Inc 0.16% 14,600 $174K
7 Ehrlich Financial Group 0.15% 23,898 $299K
8 Hennion & Walsh Asset Management, Inc. 0.15% 427,631 $5.4M
9 Bridgewealth Advisory Group, LLC 0.13% 53,261 $667K
10 Lazari Capital Management, INC. 0.11% 28,761 $360K
11 Core Wealth Partners LLC 0.10% 18,425 $231K
12 Diligent Investors, LLC 0.10% 35,076 $440K
13 Blue Zone Wealth Advisors, LLC 0.10% 43,703 $548K
14 Guggenheim Capital LLC 0.09% 1,116,107 $14.0M
15 Strait & Sound Wealth Management LLC 0.09% 19,718 $247K
16 MKT Advisors LLC 0.07% 17,709 $222K
17 Castle Rock Wealth Management, LLC 0.06% 24,192 $304K
18 Apriem Advisors 0.05% 45,436 $569K
19 Peak Retirement Planning, Inc. 0.04% 20,723 $260K
20 FLC Capital Advisors 0.04% 17,850 $224K
21 Van Hulzen Asset Management, LLC 0.03% 28,372 $356K
22 Maia Wealth LLC 0.02% 12,848 $161K
23 McGowan Group Asset Management, Inc. 0.02% 14,683 $184K
24 Peterson Wealth Management 0.02% 2,696 $34K
25 J.W. Cole Advisors, INC. 0.01% 66,000 $827K
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?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added NKX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NKX?

More buyers than sellers — 71% buying: Last quarter: 44 funds were net buyers (14 opened a brand new position + 30 added to an existing one). Only 18 were sellers (10 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NKX holders?

Elite ownership — 52% AUM from top-100 funds: 14 of 85 holders are among the 100 largest funds by AUM, controlling 52% 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?

54% of holders stayed for 2+ years: 46 out of 85 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.

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