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Nuveen Floating Rate Income Fund

70 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, 24 increasing their positions, 21 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

14% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 21

3% more capital invested

Capital invested by funds: $191M → $197M (+$6.29M)

1.18% less ownership

Funds ownership: 33.56%32.38% (-1.2%)

8% less funds holding

Funds holding: 7670 (-6)

46% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 13

Holders
70
Holders Change
-6
Holders Change %
-7.89%
% of All Funds
1.87%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
7
Increased
24
Reduced
21
Closed
13
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Baillie Gifford & Co
1
Baillie Gifford & Co
United Kingdom
$30.3M
RCA
2
Restructuring Capital Associates
Connecticut
$20.2M
Morgan Stanley
3
Morgan Stanley
New York
$19.1M -$716K -66,802 -4%
Invesco
4
Invesco
Georgia
$18.5M -$686K -64,003 -4%
Bank of America
5
Bank of America
North Carolina
$16.3M +$3.21M +299,449 +25%
PMG
6
Private Management Group
California
$13.7M -$339K -31,600 -2%
EVM
7
Eaton Vance Management
Massachusetts
$12.4M -$2.68M -249,760 -18%
Wells Fargo
8
Wells Fargo
California
$9.3M +$1.22M +114,170 +16%
GC
9
Guggenheim Capital
Illinois
$8.9M +$744K +69,357 +9%
JP Morgan Chase
10
JP Morgan Chase
New York
$4.39M -$1.28M -119,600 -23%
Cohen & Steers
11
Cohen & Steers
New York
$3.42M +$410K +38,207 +14%
MGAM
12
McGowan Group Asset Management
Texas
$3.39M -$16K -1,492 -0.5%
LVP
13
Limestone Value Partners
Texas
$3.38M +$1.72M +160,672 +110%
UBS Group
14
UBS Group
Switzerland
$3.26M +$207K +19,305 +7%
LPL Financial
15
LPL Financial
California
$2.93M -$99.4K -9,267 -3%
YMRC
16
Yorktown Management & Research Company
Virginia
$2.92M -$351K -32,739 -11%
CS
17
Credit Suisse
Switzerland
$2.2M
UCFA
18
United Capital Financial Advisors
Texas
$2.03M -$1.61M -149,707 -45%
OC
19
Oppenheimer & Co
New York
$1.43M +$111K +10,400 +9%
RJA
20
Raymond James & Associates
Florida
$1.39M +$1.35M +126,319 New
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$1.38M -$1.66M -155,082 -55%
Baird Financial Group
22
Baird Financial Group
Wisconsin
$1.35M -$4.46K -416 -0.3%
AAM
23
Advisors Asset Management
Colorado
$1.27M +$358K +33,350 +41%
Ameriprise
24
Ameriprise
Minnesota
$1.17M +$24.8K +2,317 +2%
EIA
25
Edgemoor Investment Advisors
Maryland
$972K +$35.6K +3,320 +4%

JFR Hedge Fund Activity: Q3 2016 in Review

70 of the 3,748 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: 13 funds closed out of JFR and 7 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 24 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.

  • 70 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 13 closed out, a net change of -6 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.