Nuveen Floating Rate Income Fund
73 hedge funds and large institutions have $182M invested in Nuveen Floating Rate Income Fund in 2014 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 20 increasing their positions, 24 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
16% more capital invested
Capital invested by funds: $157M → $182M (+$25.3M)
9% more funds holding
Funds holding: 67 → 73 (+6)
3.75% more ownership
Funds ownership: 23.81% → 27.56% (+3.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$12.4M |
| 2 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
+$8.78M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$2.84M |
| 4 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$1.31M |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.56M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.49M |
| 3 |
Cohen & Steers
New York
|
-$1.23M |
| 4 |
PC
Perry Capital
New York
|
-$536K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$512K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
76
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$381K | -32,004 | Closed |
|
77
Jane Street
New York
| – | -$259K | -21,701 | Closed |
|
|
ACM
78
Aviance Capital Management
Sarasota,
Florida
| – | -$110K | -9,198 | Closed |
|
|
WA
79
WealthTrust-Arizona
Scottsdale,
Arizona
| – | -$20K | -1,700 | Closed |
|
JFR Hedge Fund Activity: Q1 2014 in Review
73 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Fund (JFR) for Q1 2014, worth a combined $182M — up 16% from $157M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new JFR positions and 6 closed out — a net gain of 6 holders — while 20 added to existing stakes and 24 trimmed.
The largest buyer was Baillie Gifford & Co, adding an estimated $12.4M. The largest seller was Guggenheim Capital, cutting an estimated $1.56M.
- 73 institutional investors held Nuveen Floating Rate Income Fund (JFR) as of Q1 2014, up from 67 in Q4 2013.
- Funds reported $182M of Nuveen Floating Rate Income Fund stock for Q1 2014, up 16% quarter-over-quarter.
- 12 funds opened new Nuveen Floating Rate Income Fund positions in Q1 2014 and 6 closed out, a net change of +6 holders.
- The largest Nuveen Floating Rate Income Fund buyer in Q1 2014 was Baillie Gifford & Co, an estimated $12.4M added.
- The largest Nuveen Floating Rate Income Fund seller in Q1 2014 was Guggenheim Capital, an estimated $1.56M sold.
Based on aggregated 13F filings for Q1 2014.