Nuveen Floating Rate Income Fund
90 hedge funds and large institutions have $186M invested in Nuveen Floating Rate Income Fund in 2020 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 26 reducing their positions, and 16 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 26
9% more capital invested
Capital invested by funds: $171M → $186M (+$14.9M)
1.49% more ownership
Funds ownership: 39.78% → 41.27% (+1.5%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 95 → 90 (-5)
31% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$18.8M |
| 2 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$4.08M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$3.99M |
| 4 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$2.73M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$11.5M |
| 2 |
Morgan Stanley
New York
|
-$4.69M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$3.15M |
| 4 |
LPL Financial
San Diego,
California
|
-$2.48M |
| 5 |
VEA
Virtus ETF Advisers
New York
|
-$1.54M |
JFR Hedge Fund Activity: Q2 2020 in Review
90 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Fund (JFR) for Q2 2020, worth a combined $186M — up 8.7% from $171M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of JFR and 11 opened new positions — a net loss of 5 holders — while 26 trimmed existing stakes and 33 added.
The largest buyer was Saba Capital Management, adding an estimated $18.8M. The largest seller was Invesco, cutting an estimated $11.5M.
- 90 institutional investors held Nuveen Floating Rate Income Fund (JFR) as of Q2 2020, down from 95 in Q1 2020.
- Funds reported $186M of Nuveen Floating Rate Income Fund stock for Q2 2020, up 8.7% quarter-over-quarter.
- 11 funds opened new Nuveen Floating Rate Income Fund positions in Q2 2020 and 16 closed out, a net change of -5 holders.
- The largest Nuveen Floating Rate Income Fund buyer in Q2 2020 was Saba Capital Management, an estimated $18.8M added.
- The largest Nuveen Floating Rate Income Fund seller in Q2 2020 was Invesco, an estimated $11.5M sold.
Based on aggregated 13F filings for Q2 2020.