Nuveen Floating Rate Income Fund
89 hedge funds and large institutions have $201M invested in Nuveen Floating Rate Income Fund in 2020 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 22 increasing their positions, 31 reducing their positions, and 12 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
8% more capital invested
Capital invested by funds: $186M → $201M (+$15.4M)
1.38% more ownership
Funds ownership: 41.27% → 42.65% (+1.4%)
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
1% less funds holding
Funds holding: 90 → 89 (-1)
29% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.8M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$1.93M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.78M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$948K |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$815K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.21M |
| 2 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$3.87M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$516K |
| 4 |
Cohen & Steers
New York
|
-$498K |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$475K |
JFR Hedge Fund Activity: Q3 2020 in Review
89 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Fund (JFR) for Q3 2020, worth a combined $201M — up 8.3% from $186M a quarter earlier.
Fund positioning in JFR was balanced in Q3 2020: 12 funds opened new positions, 12 closed out, 22 added to existing stakes and 31 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $11.8M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $5.21M sold.
- 89 institutional investors held Nuveen Floating Rate Income Fund (JFR) as of Q3 2020, down from 90 in Q2 2020.
- Funds reported $201M of Nuveen Floating Rate Income Fund stock for Q3 2020, up 8.3% quarter-over-quarter.
- 12 funds opened new Nuveen Floating Rate Income Fund positions in Q3 2020 and 12 closed out, a net change of 0 holders.
- The largest Nuveen Floating Rate Income Fund buyer in Q3 2020 was Saba Capital Management, an estimated $11.8M added.
- The largest Nuveen Floating Rate Income Fund seller in Q3 2020 was Rivernorth Capital Management, an estimated $5.21M sold.
Based on aggregated 13F filings for Q3 2020.