Nuveen Portfolio holdings
Nuveen is the asset management arm of TIAA, a financial services group long focused on retirement savings for universities, other not-for-profit institutions and their employees. Nuveen manages all of TIAA's capital as well as money from outside investors, and began in Chicago in 1898 as John Nuveen & Company, an investment bank founded by John Nuveen Sr. to underwrite and sell municipal bonds. Its funds cover income, equity, real estate and real assets such as farmland and timberland, alongside private equity and private debt, and Nuveen and TIAA often invest their own money alongside clients. A private equity group led by Madison Dearborn Partners bought the firm in 2007, and it merged with TIAA in 2014.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Welltower
WELL
|
+$104M |
| 2 |
American Airlines Group
AAL
|
+$41.9M |
| 3 |
Starwood Property Trust
STWD
|
+$35M |
| 4 |
WPG
Washington Prime Group Inc.
WPG
|
+$34.9M |
| 5 |
PSB
PS Business Parks, Inc.
PSB
|
+$32.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Tower
AMT
|
+$65.3M |
| 2 |
Simon Property Group
SPG
|
+$57.7M |
| 3 |
Ventas
VTR
|
+$47.9M |
| 4 |
Host Hotels & Resorts
HST
|
+$34.5M |
| 5 |
BRE
BRE PROPERTIES INC CL A
BRE
|
+$34.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 30.86% |
| 2 | Industrials | 10.39% |
| 3 | Technology | 9.19% |
| 4 | Financials | 8.69% |
| 5 | Healthcare | 8.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Simon Property Group
SPG
$75.2B
| $457M | 2.78% |
2,747,935
-353,468
| -11% | -$57.7M |
2013 Q2
4 quarters
|
|
|
2
American Airlines Group
AAL
$9.32B
| $314M | 1.91% |
7,298,230
+1,073,555
| +17% | +$41.9M |
2014 Q1
1 quarter
|
|
3
Public Storage
PSA
$64B
| $283M | 1.72% |
1,650,456
+113,151
| +7% | +$19.4M |
2013 Q2
4 quarters
|
|
4
Apple
AAPL
$5.08T
| $221M | 1.34% |
9,515,284
+193,328
| +2% | +$4.11M |
2013 Q2
4 quarters
|
|
5
Prologis
PLD
$124B
| $221M | 1.34% |
5,371,472
+237,830
| +5% | +$9.8M |
2013 Q2
4 quarters
|
|
6
Boston Properties
BXP
$10.7B
| $206M | 1.25% |
1,743,296
+40,451
| +2% | +$4.78M |
2013 Q2
4 quarters
|
|
7
Vivmark Residential
VMRK
$51.4B
| $192M | 1.17% |
3,051,465
-101,879
| -3% | -$6.19M |
2013 Q2
4 quarters
|
|
|
8
Welltower
WELL
$181B
| $183M | 1.11% |
2,922,506
+1,655,500
| +131% | +$104M |
2013 Q2
4 quarters
|
|
9
Vornado Realty Trust
VNO
$6.94B
| $171M | 1.04% |
2,191,939
+117,590
| +6% | +$8.93M |
2013 Q2
4 quarters
|
|
10
DELISTED
AvalonBay Communities
AVB
| $153M | 0.93% |
1,075,274
-66,552
| -6% | -$9.2M |
2013 Q2
4 quarters
|
|
11
Microsoft
MSFT
$4.04T
| $134M | 0.82% |
3,219,316
+536,685
| +20% | +$21.7M |
2013 Q2
4 quarters
|
|
12
RLJ Lodging Trust
RLJ
$1.97B
| $121M | 0.74% |
4,201,070
+1,029,195
| +32% | +$28M |
2013 Q2
4 quarters
|
|
13
SITE Centers
SITC
$35.7M
| $113M | 0.69% |
4,970,538
-682,341
| -12% | -$15.1M |
2013 Q2
4 quarters
|
|
14
ExxonMobil
XOM
$670B
| $111M | 0.67% |
1,102,031
-60,048
| -5% | -$6.06M |
2013 Q2
4 quarters
|
|
15
GE Aerospace
GE
$347B
| $110M | 0.67% |
876,484
-9,871
| -1% | -$1.26M |
2013 Q2
4 quarters
|
|
16
Healthpeak Properties
DOC
$14.3B
| $110M | 0.67% |
2,918,029
-11,397
| -0.4% | -$429K |
2013 Q2
4 quarters
|
|
17
Williams Companies
WMB
$83.1B
| $108M | 0.66% |
1,863,045
+467,697
| +34% | +$21.7M |
2013 Q2
4 quarters
|
|
18
Chevron
CVX
$411B
| $108M | 0.66% |
828,731
-4,346
| -0.5% | -$541K |
2013 Q2
4 quarters
|
|
19
Alphabet (Google) Class C
GOOG
$3.54T
| $108M | 0.66% |
3,738,416
-618,855
| -14% | -$16.8M |
2013 Q2
4 quarters
|
|
|
20
Ventas
VTR
$47.4B
| $105M | 0.64% |
1,436,758
-644,049
| -31% | -$47.9M |
2013 Q2
4 quarters
|
|
21
Pfizer
PFE
$168B
| $100M | 0.61% |
3,567,244
-122,306
| -3% | -$3.49M |
2013 Q2
4 quarters
|
|
22
Essex Property Trust
ESS
$17.8B
| $91.4M | 0.56% |
494,250
+144,911
| +41% | +$25.6M |
2013 Q2
4 quarters
|
|
23
Enbridge
ENB
$106B
| $91.1M | 0.55% |
1,919,832
+123,402
| +7% | +$5.84M |
2013 Q2
4 quarters
|
|
|
PSB
24
DELISTED
PS Business Parks, Inc.
PSB
| $89.9M | 0.55% |
1,077,310
+386,479
| +56% | +$32.6M |
2013 Q2
4 quarters
|
|
25
Procter & Gamble
PG
$390B
| $89M | 0.54% |
1,131,952
-41,831
| -4% | -$3.37M |
2013 Q2
4 quarters
|
|
Similar funds
Nuveen's Q2 2014 Portfolio in Review
As of Q2 2014, Nuveen held 1,699 positions worth $16.5B, down 1.8% from $16.8B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Nuveen's Q2 2014 filing shows 116 new, 521 increased, 741 reduced and 106 closed positions. Its largest new stake was Washington Prime Group Inc.: 200,676 shares worth $33.8M. The largest sale was American Tower, an estimated $65.3M.
By sector, the portfolio is most concentrated in Real Estate at 31% of assets, up from 28% a quarter earlier, followed by Industrials and Technology.
- Nuveen's largest Q2 2014 buy was Washington Prime Group Inc.: 200,676 shares worth $33.8M.
- Nuveen added most to Welltower in Q2 2014, an estimated $104M increase.
- Nuveen's biggest Q2 2014 reduction was American Tower, cutting an estimated $65.3M.
- Nuveen fully exited BRE PROPERTIES INC CL A in Q2 2014, selling an estimated $34.2M.
- Nuveen's ten largest holdings make up 15% of its $16.5B portfolio in Q2 2014.
- Nuveen opened 116 new positions and closed 106 in Q2 2014.
- Nuveen's portfolio value fell 1.8% quarter-over-quarter to $16.5B.
Based on Nuveen's 13F filing for Q2 2014, filed 14 Aug 2014.