Nuveen Floating Rate Income Fund
95 hedge funds and large institutions have $235M invested in Nuveen Floating Rate Income Fund in 2021 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 28 reducing their positions, and 18 closing their positions.
6% more capital invested
Capital invested by funds: $222M → $235M (+$13.7M)
7% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 28
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
1.74% less ownership
Funds ownership: 44.54% → 42.81% (-1.7%)
8% less funds holding
Funds holding: 103 → 95 (-8)
39% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$2.75M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$2.28M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.02M |
| 4 |
Morgan Stanley
New York
|
+$1.62M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$3.98M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$3.61M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.79M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.61M |
| 5 |
QC
Quantedge Capital
Singapore
|
-$1.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Millennium Management
New York
| – | -$784K | -89,715 | Closed |
|
|
MC
102
Matisse Capital
Portland,
Oregon
| – | -$377K | -43,168 | Closed |
|
|
MM
103
Main Management
San Francisco,
California
| – | -$350K | -40,000 | Closed |
|
|
WAM
104
Wolverine Asset Management
Chicago,
Illinois
| – | -$196K | -22,428 | Closed |
|
|
IA
105
Icon Advisers
Greenwood Village,
Colorado
| – | -$122K | -14,000 | Closed |
|
|
APW
106
Aurora Private Wealth
Rockaway,
New Jersey
| – | -$118K | -13,551 | Closed |
|
107
Jane Street
New York
| – | -$116K | -13,302 | Closed |
|
|
PAG
108
Private Advisor Group
Morristown,
New Jersey
| – | -$101K | -11,560 | Closed |
|
|
CIC
109
Carnegie Investment Counsel
Pepper Pike,
Ohio
| – | -$96K | -11,000 | Closed |
|
110
Citadel Advisors
Miami,
Florida
| – | -$90K | -10,317 | Closed |
|
|
ZA
111
Zazove Associates
Incline Village,
Nevada
| – | -$9K | -1,000 | Closed |
|
|
PAM
112
Panagora Asset Management
Boston,
Massachusetts
| – | -$3K | -367 | Closed |
|
JFR Hedge Fund Activity: Q1 2021 in Review
95 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Fund (JFR) for Q1 2021, worth a combined $235M — up 6.2% from $222M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of JFR and 11 opened new positions — a net loss of 7 holders — while 28 trimmed existing stakes and 30 added.
The largest buyer was Penserra Capital Management, adding an estimated $2.75M. The largest seller was Vivaldi Capital Management, exiting entirely with an estimated $3.98M sold.
- 95 institutional investors held Nuveen Floating Rate Income Fund (JFR) as of Q1 2021, down from 103 in Q4 2020.
- Funds reported $235M of Nuveen Floating Rate Income Fund stock for Q1 2021, up 6.2% quarter-over-quarter.
- 11 funds opened new Nuveen Floating Rate Income Fund positions in Q1 2021 and 18 closed out, a net change of -7 holders.
- The largest Nuveen Floating Rate Income Fund buyer in Q1 2021 was Penserra Capital Management, an estimated $2.75M added.
- The largest Nuveen Floating Rate Income Fund seller in Q1 2021 was Vivaldi Capital Management, an estimated $3.98M sold.
Based on aggregated 13F filings for Q1 2021.