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 |
Regency Centers
REG
|
+$72.8M |
| 2 |
AvalonBay Communities
AVB
|
+$64.5M |
| 3 |
Citigroup
C
|
+$57.3M |
| 4 |
UDR
UDR
|
+$53.6M |
| 5 |
Realty Income
O
|
+$44.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Simon Property Group
SPG
|
+$89.3M |
| 2 |
Vornado Realty Trust
VNO
|
+$86.7M |
| 3 |
Vivmark Residential
VMRK
|
+$75.5M |
| 4 |
Public Storage
PSA
|
+$66.4M |
| 5 |
Crown Castle
CCI
|
+$64.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 34.89% |
| 2 | Financials | 11.47% |
| 3 | Technology | 11% |
| 4 | Industrials | 8.58% |
| 5 | Healthcare | 8.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Simon Property Group
SPG
$74.6B
| $294M | 1.92% |
1,823,165
-559,011
| -23% | -$89.3M |
2013 Q2
17 quarters
|
|
2
Apple
AAPL
$5.04T
| $286M | 1.87% |
7,426,708
+70,920
| +1% | +$2.75M |
2013 Q2
17 quarters
|
|
|
3
DELISTED
AvalonBay Communities
AVB
| $226M | 1.48% |
1,268,581
+344,328
| +37% | +$64.5M |
2013 Q2
17 quarters
|
|
4
Equinix
EQIX
$105B
| $217M | 1.42% |
486,466
-119,105
| -20% | -$53.3M |
2015 Q1
10 quarters
|
|
5
Microsoft
MSFT
$4.03T
| $197M | 1.29% |
2,646,899
-181,297
| -6% | -$13.2M |
2013 Q2
17 quarters
|
|
6
American Airlines Group
AAL
$9.44B
| $165M | 1.08% |
3,484,879
-6,423
| -0.2% | -$311K |
2014 Q1
14 quarters
|
|
7
Federal Realty Investment Trust
FRT
$9.7B
| $161M | 1.05% |
1,297,859
+318,886
| +33% | +$41M |
2013 Q2
17 quarters
|
|
|
DRE
8
DELISTED
Duke Realty Corp.
DRE
| $134M | 0.88% |
4,642,000
-79,756
| -2% | -$2.3M |
2013 Q2
17 quarters
|
|
9
Digital Realty Trust
DLR
$69.2B
| $124M | 0.81% |
1,044,806
-212,658
| -17% | -$24.6M |
2013 Q2
17 quarters
|
|
10
STAG Industrial
STAG
$7.17B
| $122M | 0.8% |
4,424,164
+765,503
| +21% | +$21.2M |
2014 Q2
13 quarters
|
|
11
Boston Properties
BXP
$10.4B
| $120M | 0.79% |
977,975
-114,776
| -11% | -$13.9M |
2013 Q2
17 quarters
|
|
12
First Industrial Realty Trust
FR
$7.23B
| $120M | 0.78% |
3,976,004
-336,538
| -8% | -$10.2M |
2016 Q1
6 quarters
|
|
|
13
Public Storage
PSA
$62B
| $119M | 0.78% |
555,616
-321,093
| -37% | -$66.4M |
2013 Q2
17 quarters
|
|
14
Alphabet (Google) Class A
GOOGL
$3.57T
| $116M | 0.76% |
2,381,040
+71,240
| +3% | +$3.38M |
2015 Q4
7 quarters
|
|
15
JPMorgan Chase
JPM
$910B
| $109M | 0.71% |
1,143,457
-77,228
| -6% | -$7.12M |
2013 Q2
17 quarters
|
|
16
Brixmor Property Group
BRX
$9.23B
| $104M | 0.68% |
5,519,922
+657,471
| +14% | +$12.5M |
2014 Q2
13 quarters
|
|
|
17
Vornado Realty Trust
VNO
$6.69B
| $102M | 0.67% |
1,332,496
-1,136,273
| -46% | -$86.7M |
2013 Q2
17 quarters
|
|
18
Ventas
VTR
$46.9B
| $101M | 0.66% |
1,549,544
-881,741
| -36% | -$59.5M |
2013 Q2
17 quarters
|
|
19
Aimco
AIV
$216M
| $100M | 0.66% |
17,160,885
+2,494,046
| +17% | +$14.9M |
2013 Q2
17 quarters
|
|
|
GGP
20
DELISTED
GGP Inc.
GGP
| $100M | 0.65% |
4,793,675
+1,201,915
| +33% | +$26.3M |
2017 Q1
2 quarters
|
|
21
UnitedHealth
UNH
$358B
| $99.1M | 0.65% |
505,837
-30,418
| -6% | -$5.88M |
2013 Q2
17 quarters
|
|
22
Sun Communities
SUI
$14.1B
| $98.8M | 0.65% |
1,153,250
+261,144
| +29% | +$23.1M |
2014 Q4
11 quarters
|
|
23
Meta Platforms (Facebook)
META
$1.65T
| $98.6M | 0.64% |
576,940
+22,836
| +4% | +$3.81M |
2013 Q3
16 quarters
|
|
24
Alexandria Real Estate Equities
ARE
$7.78B
| $97.2M | 0.64% |
816,974
+299,410
| +58% | +$36M |
2013 Q2
17 quarters
|
|
25
Hudson Pacific Properties
HPP
$491M
| $96.1M | 0.63% |
409,606
+73,698
| +22% | +$16.8M |
2016 Q4
3 quarters
|
|
Similar funds
Nuveen's Q3 2017 Portfolio in Review
As of Q3 2017, Nuveen held 1,221 positions worth $15.3B, down 2% from $15.6B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Nuveen withdrew a net $846M in Q3 2017, closing 128 positions and reducing 459 holdings. Its most notable exit was Monogram Residential Trust, Inc., an estimated $41M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 35% of assets, down from 35% a quarter earlier, followed by Financials and Technology.
Against the trend, Nuveen opened a new position in Regency Centers worth $70.1M.
- Nuveen's largest Q3 2017 buy was Regency Centers: 1,130,554 shares worth $70.1M.
- Nuveen added most to AvalonBay Communities in Q3 2017, an estimated $64.5M increase.
- Nuveen's biggest Q3 2017 reduction was Simon Property Group, cutting an estimated $89.3M.
- Nuveen fully exited Monogram Residential Trust, Inc. in Q3 2017, selling an estimated $41M.
- Nuveen's ten largest holdings make up 13% of its $15.3B portfolio in Q3 2017.
- Nuveen opened 127 new positions and closed 128 in Q3 2017.
- Nuveen's portfolio value fell 2% quarter-over-quarter to $15.3B.
Based on Nuveen's 13F filing for Q3 2017, filed 14 Nov 2017.