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Nuveen Floating Rate Income Fund
JFR

66 hedge funds and large institutions have $156M invested in Nuveen Floating Rate Income Fund in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 7

18% more capital invested

Capital invested by funds: $133M → $156M (+$23.5M)

10% more funds holding

Funds holding: 60 → 66 (+6)

1.74% more ownership

Funds ownership: 21.99% → 23.74% (+1.7%)

5% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 20

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
66
Holders Change
+6
Holders Change %
+10%
% of All Funds
1.92%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
13
Increased
21
Reduced
20
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$20.5M
2
Invesco
Invesco
Georgia
+$3.02M
3
RCA
Restructuring Capital Associates
Connecticut
+$2.04M
4
PPA
Parametric Portfolio Associates
Washington
+$574K
5
PC
Perry Capital
New York
+$488K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$2.34M
2
NVIM
New Vernon Investment Management
Illinois
-$1.22M
3
Wells Fargo
Wells Fargo
California
-$1.11M
4
Morgan Stanley
Morgan Stanley
New York
-$791K
5
Citigroup
Citigroup
New York
-$618K
Name Holding Trade Value Shares
Change 		Change in
Stake
TIA
26
Tiemann Investment Advisors
California
$631K +$630K +52,904 New
IAS
27
IMA Advisory Services
Colorado
$543K – – –
PC
28
Perry Capital
New York
$536K +$488K +41,000 +1,025%
OIA
29
Optimum Investment Advisors
Illinois
$531K +$95.3K +8,000 +22%
Ameriprise
30
Ameriprise
Minnesota
$504K +$96.7K +8,117 +24%
FHC
31
First Houston Capital
Texas
$482K -$39.3K -3,300 -8%
Franklin Resources
32
Franklin Resources
California
$477K +$476K +40,000 New
SG Americas Securities
33
SG Americas Securities
New York
$470K +$469K +39,405 New
SSWM
34
Sheets Smith Wealth Management
North Carolina
$410K +$33.3K +2,800 +9%
Deutsche Bank
35
Deutsche Bank
Germany
$392K +$345K +29,000 +725%
SFS
36
Shaker Financial Services
Virginia
$384K -$199K -16,684 -34%
ZA
37
Zazove Associates
Nevada
$382K – – –
RCM
38
Rivernorth Capital Management
Florida
$381K +$381K +32,004 New
WA
39
WFG Advisors
Texas
$366K +$7.91K +664 +2%
OC
40
Oppenheimer & Co
New York
$335K +$160K +13,411 +91%
WAM
41
Wolverine Asset Management
Illinois
$329K +$126K +10,602 +62%
Jane Street
42
Jane Street
New York
$259K +$258K +21,701 New
FWM
43
Focused Wealth Management
New York
$253K -$2.38K -200 -0.9%
PHS
44
Pekin Hardy Strauss
Illinois
$242K – – –
Citigroup
45
Citigroup
New York
$214K -$618K -51,914 -74%
WS
46
Wedbush Securities
California
$214K -$27.4K -2,300 -11%
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
$184K +$32.7K +2,750 +22%
HCM
48
Hollencrest Capital Management
California
$168K +$168K +14,110 New
LCM
49
Landscape Capital Management
New Jersey
$141K +$141K +11,859 New
LTFS
50
Ladenburg Thalmann Financial Services
Florida
$128K +$47.6K +4,000 +60%
1
2
3

JFR Hedge Fund Activity: Q4 2013 in Review

66 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Fund (JFR) for Q4 2013, worth a combined $156M — up 18% from $133M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new JFR positions and 7 closed out — a net gain of 6 holders — while 21 added to existing stakes and 20 trimmed.

The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $20.5M. The largest seller was Guggenheim Capital, cutting an estimated $2.34M.

  • 66 institutional investors held Nuveen Floating Rate Income Fund (JFR) as of Q4 2013, up from 60 in Q3 2013.
  • Funds reported $156M of Nuveen Floating Rate Income Fund stock for Q4 2013, up 18% quarter-over-quarter.
  • 13 funds opened new Nuveen Floating Rate Income Fund positions in Q4 2013 and 7 closed out, a net change of +6 holders.
  • The largest Nuveen Floating Rate Income Fund buyer in Q4 2013 was Baillie Gifford & Co, an estimated $20.5M added.
  • The largest Nuveen Floating Rate Income Fund seller in Q4 2013 was Guggenheim Capital, an estimated $2.34M sold.

Based on aggregated 13F filings for Q4 2013.