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Nuveen Floating Rate Income Fund
JFR

72 hedge funds and large institutions have $170M invested in Nuveen Floating Rate Income Fund in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 22 increasing their positions, 23 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

3% more funds holding

Funds holding: 70 → 72 (+2)

4% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 23

6.03% less ownership

Funds ownership: 32.38% → 26.35% (-6%)

14% less capital invested

Capital invested by funds: $197M → $170M (-$27.7M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
72
Holders Change
+2
Holders Change %
+2.86%
% of All Funds
1.8%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
11
Increased
22
Reduced
23
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$13.1M
2
Bank of America
Bank of America
North Carolina
+$2.39M
3
BCM
Beck Capital Management
Texas
+$2.03M
4
AAM
Advisors Asset Management
Colorado
+$1.44M
5
LCM
Laurion Capital Management
New York
+$1.18M

Top Sellers

1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$25.9M
2
Invesco
Invesco
Georgia
-$9.86M
3
EVM
Eaton Vance Management
Massachusetts
-$8.31M
4
MGAM
McGowan Group Asset Management
Texas
-$3.39M
5
YMRC
Yorktown Management & Research Company
Virginia
-$2.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
26
Credit Suisse
Switzerland
$986K -$1.29M -114,726 -58%
CIA
27
Capital Investment Advisors
Georgia
$941K -$22.2K -1,977 -2%
FWIA
28
Fort Washington Investment Advisors
Ohio
$888K +$856K +76,100 New
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$763K +$24K +2,137 +3%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$698K -$219K -19,445 -25%
OC
31
Oppenheimer & Co
New York
$578K -$903K -80,293 -62%
OIA
32
Optimum Investment Advisors
Illinois
$478K -$11.8K -1,050 -3%
SPC
33
Sigma Planning Corp
Michigan
$466K -$78.4K -6,973 -15%
JIP
34
Jaffetilchin Investment Partners
Florida
$445K +$197K +17,512 +85%
SSWM
35
Sheets Smith Wealth Management
North Carolina
$439K – – –
IA
36
IFP Advisors
Florida
$428K +$4.01K +357 +1%
HK
37
Horizon Kinetics
New York
$426K -$31.5K -2,798 -7%
Koshinski Asset Management
38
Koshinski Asset Management
Illinois
$419K +$33.7K +3,000 +9%
TC
39
Telemus Capital
Michigan
$399K – – –
TIA
40
Tiemann Investment Advisors
California
$343K +$562 +50 +0.2%
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$323K -$17.1K -1,524 -5%
WS
42
Wedbush Securities
California
$314K +$90K +8,000 +42%
CRC
43
Curi RMB Capital
Illinois
$304K +$293K +26,049 New
NFG
44
Next Financial Group
Texas
$278K +$12.3K +1,093 +5%
SRCM
45
Swift Run Capital Management
Virginia
$268K – – –
Stifel Financial
46
Stifel Financial
Missouri
$266K +$108K +9,609 +73%
CIC
47
Carnegie Investment Counsel
Ohio
$221K – – –
GS
48
Girard Securities
California
$212K +$205K +18,206 New
Manulife (Manufacturers Life Insurance)
49
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$202K +$195K +17,341 New
WP
50
WealthSource Partners
California
$193K +$14.8K +1,320 +9%
1
2
3 4

JFR Hedge Fund Activity: Q4 2016 in Review

72 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Fund (JFR) for Q4 2016, worth a combined $170M — down 14% from $197M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new JFR positions and 6 closed out — a net gain of 5 holders — while 22 added to existing stakes and 23 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $13.1M. The largest seller was Baillie Gifford & Co, cutting an estimated $25.9M.

  • 72 institutional investors held Nuveen Floating Rate Income Fund (JFR) as of Q4 2016, up from 70 in Q3 2016.
  • Funds reported $170M of Nuveen Floating Rate Income Fund stock for Q4 2016, down 14% quarter-over-quarter.
  • 11 funds opened new Nuveen Floating Rate Income Fund positions in Q4 2016 and 6 closed out, a net change of +5 holders.
  • The largest Nuveen Floating Rate Income Fund buyer in Q4 2016 was JP Morgan Chase, an estimated $13.1M added.
  • The largest Nuveen Floating Rate Income Fund seller in Q4 2016 was Baillie Gifford & Co, an estimated $25.9M sold.

Based on aggregated 13F filings for Q4 2016.