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 |
Plains All American Pipeline
PAA
|
+$114M |
| 2 |
Targa Resources
TRGP
|
+$88.1M |
| 3 |
DCP
DCP Midstream, LP
DCP
|
+$75.1M |
| 4 |
AvalonBay Communities
AVB
|
+$74.8M |
| 5 |
ETP
Energy Transfer Partners L.p.
ETP
|
+$62M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GGP
GGP Inc.
GGP
|
+$126M |
| 2 |
PPS
Post Properties
PPS
|
+$105M |
| 3 |
NNN REIT
NNN
|
+$63.2M |
| 4 |
Public Storage
PSA
|
+$54.4M |
| 5 |
Vivmark Residential
VMRK
|
+$53.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 29.83% |
| 2 | Energy | 10.2% |
| 3 | Financials | 9.79% |
| 4 | Technology | 9.71% |
| 5 | Industrials | 8.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Simon Property Group
SPG
$75.2B
| $529M | 2.69% |
2,979,798
+274,202
| +10% | +$50.9M |
2013 Q2
14 quarters
|
|
2
Apple
AAPL
$5.08T
| $307M | 1.56% |
10,587,652
+1,268,452
| +14% | +$36M |
2013 Q2
14 quarters
|
|
|
3
Public Storage
PSA
$64B
| $241M | 1.22% |
1,076,716
-255,571
| -19% | -$54.4M |
2013 Q2
14 quarters
|
|
4
Microsoft
MSFT
$4.04T
| $232M | 1.18% |
3,728,301
+465,918
| +14% | +$28M |
2013 Q2
14 quarters
|
|
5
Vornado Realty Trust
VNO
$6.94B
| $204M | 1.04% |
2,416,912
-145,696
| -6% | -$11.5M |
2013 Q2
14 quarters
|
|
|
6
DELISTED
AvalonBay Communities
AVB
| $194M | 0.98% |
1,093,247
+443,872
| +68% | +$74.8M |
2013 Q2
14 quarters
|
|
7
Welltower
WELL
$181B
| $193M | 0.98% |
2,890,977
-253,777
| -8% | -$16.8M |
2013 Q2
14 quarters
|
|
8
Ventas
VTR
$47.4B
| $178M | 0.9% |
2,843,282
+63,124
| +2% | +$4M |
2013 Q2
14 quarters
|
|
9
American Airlines Group
AAL
$9.31B
| $171M | 0.87% |
3,660,957
-19,924
| -0.5% | -$868K |
2014 Q1
11 quarters
|
|
10
Prologis
PLD
$124B
| $170M | 0.86% |
3,224,102
-469,106
| -13% | -$23.9M |
2013 Q2
14 quarters
|
|
11
Digital Realty Trust
DLR
$68.4B
| $162M | 0.82% |
1,652,514
-33,557
| -2% | -$3.12M |
2013 Q2
14 quarters
|
|
|
DRE
12
DELISTED
Duke Realty Corp.
DRE
| $153M | 0.78% |
5,776,528
+1,595,142
| +38% | +$40.7M |
2013 Q2
14 quarters
|
|
13
Federal Realty Investment Trust
FRT
$9.8B
| $152M | 0.77% |
1,066,202
-210,291
| -16% | -$29.9M |
2013 Q2
14 quarters
|
|
14
Equinix
EQIX
$106B
| $146M | 0.74% |
407,827
+94,876
| +30% | +$33.2M |
2015 Q1
7 quarters
|
|
15
JPMorgan Chase
JPM
$910B
| $144M | 0.73% |
1,670,583
+225,280
| +16% | +$17.2M |
2013 Q2
14 quarters
|
|
|
16
Plains All American Pipeline
PAA
$16.6B
| $134M | 0.68% |
4,164,908
+3,623,063
| +669% | +$114M |
2013 Q2
14 quarters
|
|
17
Crown Castle
CCI
$37.8B
| $131M | 0.67% |
1,509,997
+575,821
| +62% | +$50.4M |
2013 Q2
14 quarters
|
|
18
Bank of America
BAC
$351B
| $129M | 0.65% |
5,832,019
+570,199
| +11% | +$11M |
2013 Q2
14 quarters
|
|
19
Alphabet (Google) Class A
GOOGL
$3.56T
| $126M | 0.64% |
3,180,340
+276,340
| +10% | +$11M |
2015 Q4
4 quarters
|
|
20
Boston Properties
BXP
$10.7B
| $123M | 0.62% |
974,209
+235,215
| +32% | +$29.2M |
2013 Q2
14 quarters
|
|
|
21
Vivmark Residential
VMRK
$51.4B
| $121M | 0.62% |
1,885,550
-876,921
| -32% | -$53.9M |
2013 Q2
14 quarters
|
|
22
Amazon
AMZN
$2.9T
| $118M | 0.6% |
3,137,000
+413,460
| +15% | +$16.2M |
2013 Q2
14 quarters
|
|
23
Alexandria Real Estate Equities
ARE
$8.07B
| $116M | 0.59% |
1,043,708
+287,085
| +38% | +$30.8M |
2013 Q2
14 quarters
|
|
24
Cisco
CSCO
$388B
| $113M | 0.57% |
3,723,708
+209,641
| +6% | +$6.39M |
2013 Q2
14 quarters
|
|
25
SL Green Realty
SLG
$3.72B
| $110M | 0.56% |
1,054,369
-388,810
| -27% | -$39.4M |
2013 Q2
14 quarters
|
|
Similar funds
Nuveen's Q4 2016 Portfolio in Review
As of Q4 2016, Nuveen held 1,639 positions worth $19.7B, up 15% from $17.1B the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Nuveen deployed $2.25B of net new capital in Q4 2016, opening 236 new positions and adding to 585 existing holdings. Its largest new stake was Energy Transfer Partners L.p.: 1,738,973 shares worth $62.3M.
By sector, the portfolio is most concentrated in Real Estate at 30% of assets, down from 36% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was NNN REIT, an estimated $63.2M trimmed.
- Nuveen's largest Q4 2016 buy was Energy Transfer Partners L.p.: 1,738,973 shares worth $62.3M.
- Nuveen added most to Plains All American Pipeline in Q4 2016, an estimated $114M increase.
- Nuveen's biggest Q4 2016 reduction was NNN REIT, cutting an estimated $63.2M.
- Nuveen fully exited GGP Inc. in Q4 2016, selling an estimated $126M.
- Nuveen's ten largest holdings make up 12% of its $19.7B portfolio in Q4 2016.
- Nuveen opened 236 new positions and closed 120 in Q4 2016.
- Nuveen's portfolio value rose 15% quarter-over-quarter to $19.7B.
Based on Nuveen's 13F filing for Q4 2016, filed 14 Feb 2017.