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Nuveen Floating Rate Income Fund
JFR

95 hedge funds and large institutions have $171M invested in Nuveen Floating Rate Income Fund in 2020 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 22 increasing their positions, 31 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.04% more ownership

Funds ownership: 36.74% → 39.78% (+3%)

12% less funds holding

Funds holding: 108 → 95 (-13)

20% less capital invested

Capital invested by funds: $214M → $171M (-$43.3M)

29% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 31

34% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 29

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
95
Holders Change
-13
Holders Change %
-12.04%
% of All Funds
2.09%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.04%
New
19
Increased
22
Reduced
31
Closed
29
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$26M
2
LC
Lindbrook Capital
California
+$9.18M
3
OCM
Oaktree Capital Management
California
+$5.38M
4
LPL Financial
LPL Financial
California
+$4.3M
5
RCM
Rivernorth Capital Management
Florida
+$3.28M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$11.1M
2
Invesco
Invesco
Georgia
-$6.08M
3
VCM
Vivaldi Capital Management
Illinois
-$3.73M
4
Millennium Management
Millennium Management
New York
-$3.43M
5
Wells Fargo
Wells Fargo
California
-$2.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
IC
76
IEQ Capital
California
$78K – – –
NP
77
NorthRock Partners
Minnesota
$77K +$94K +10,145 New
SRCM
78
Swift Run Capital Management
Virginia
$76K – – –
SPIA
79
Steward Partners Investment Advisory
New York
$50K +$7.41K +800 +13%
MWM
80
MBE Wealth Management
Wisconsin
$39K +$48.8K +5,265 New
EP
81
Eudaimonia Partners
Tennessee
$22K – – –
GI
82
Gradient Investments
Minnesota
$21K +$25.9K +2,800 New
GWM
83
Geneos Wealth Management
Colorado
$18K – – –
PAM
84
Panagora Asset Management
Massachusetts
$16K +$12.6K +1,362 +185%
PFGIA
85
Patriot Financial Group Insurance Agency
Massachusetts
$12K – – –
NFG
86
Next Financial Group
Texas
$11K – – –
PFPT
87
Pinnacle Financial Partners (Tennessee)
Tennessee
$10K – – –
WEC
88
Winslow Evans & Crocker
Massachusetts
$10K – – –
BAM
89
Barrett Asset Management
New York
$8K – – –
BAM
90
Bellevue Asset Management
Washington
$8K – – –
FWM
91
Focused Wealth Management
New York
$8K – – –
AIC
92
Ameritas Investment Company
Nebraska
$6K +$7.88K +850 New
APA
93
American Portfolios Advisors
New York
$3.93K – – –
FCM
94
Firestone Capital Management
Florida
$2K – – –
VCM
95
Vivaldi Capital Management
Illinois
– -$3.73M -363,938 Closed
Millennium Management
96
Millennium Management
New York
– -$3.43M -335,318 Closed
HIM
97
Hanlon Investment Management
New Jersey
– -$1.38M -134,697 Closed
OMC
98
Old Mission Capital
Illinois
– -$1.25M -122,400 Closed
QGA
99
Q Global Advisors
Texas
– -$1.23M -119,951 Closed
6M
100
6 Meridian
Kansas
– -$953K -93,045 Closed
1 2 3
4
5

JFR Hedge Fund Activity: Q1 2020 in Review

95 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Fund (JFR) for Q1 2020, worth a combined $171M — down 20% from $214M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of JFR and 19 opened new positions — a net loss of 10 holders — while 31 trimmed existing stakes and 22 added.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $26M. The largest seller was UBS Group, cutting an estimated $11.1M.

  • 95 institutional investors held Nuveen Floating Rate Income Fund (JFR) as of Q1 2020, down from 108 in Q4 2019.
  • Funds reported $171M of Nuveen Floating Rate Income Fund stock for Q1 2020, down 20% quarter-over-quarter.
  • 19 funds opened new Nuveen Floating Rate Income Fund positions in Q1 2020 and 29 closed out, a net change of -10 holders.
  • The largest Nuveen Floating Rate Income Fund buyer in Q1 2020 was Saba Capital Management, an estimated $26M added.
  • The largest Nuveen Floating Rate Income Fund seller in Q1 2020 was UBS Group, an estimated $11.1M sold.

Based on aggregated 13F filings for Q1 2020.