Nuveen Floating Rate Income Fund
71 hedge funds and large institutions have $197M invested in Nuveen Floating Rate Income Fund in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 12 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
19% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 21
3% more capital invested
Capital invested by funds: $191M → $197M (+$6.32M)
1.18% less ownership
Funds ownership: 33.56% → 32.38% (-1.2%)
7% less funds holding
Funds holding: 76 → 71 (-5)
42% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.21M |
| 2 |
LVP
Limestone Value Partners
Houston,
Texas
|
+$1.72M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.35M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.22M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$744K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.22M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$2.68M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.66M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.61M |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$1.61M |
JFR Hedge Fund Activity: Q3 2016 in Review
71 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Fund (JFR) for Q3 2016, worth a combined $197M — up 3.3% from $191M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of JFR and 7 opened new positions — a net loss of 5 holders — while 21 trimmed existing stakes and 25 added.
The largest buyer was Bank of America, adding an estimated $3.21M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.22M sold.
- 71 institutional investors held Nuveen Floating Rate Income Fund (JFR) as of Q3 2016, down from 76 in Q2 2016.
- Funds reported $197M of Nuveen Floating Rate Income Fund stock for Q3 2016, up 3.3% quarter-over-quarter.
- 7 funds opened new Nuveen Floating Rate Income Fund positions in Q3 2016 and 12 closed out, a net change of -5 holders.
- The largest Nuveen Floating Rate Income Fund buyer in Q3 2016 was Bank of America, an estimated $3.21M added.
- The largest Nuveen Floating Rate Income Fund seller in Q3 2016 was Rivernorth Capital Management, an estimated $4.22M sold.
Based on aggregated 13F filings for Q3 2016.