Nuveen Floating Rate Income Fund
72 hedge funds and large institutions have $170M invested in Nuveen Floating Rate Income Fund in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 23 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
1% more funds holding
Funds holding: 71 → 72 (+1)
0% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 23
6.04% less ownership
Funds ownership: 32.38% → 26.35% (-6%)
14% less capital invested
Capital invested by funds: $197M → $170M (-$27.7M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$13.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.39M |
| 3 |
BCM
Beck Capital Management
Austin,
Texas
|
+$2.03M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.44M |
| 5 |
LCM
Laurion Capital Management
New York
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$25.9M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$9.86M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$8.31M |
| 4 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$3.39M |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$2.92M |
JFR Hedge Fund Activity: Q4 2016 in Review
72 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Fund (JFR) for Q4 2016, worth a combined $170M — down 14% from $197M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new JFR positions and 6 closed out — a net gain of 4 holders — while 23 added to existing stakes and 23 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $13.1M. The largest seller was Baillie Gifford & Co, cutting an estimated $25.9M.
- 72 institutional investors held Nuveen Floating Rate Income Fund (JFR) as of Q4 2016, up from 71 in Q3 2016.
- Funds reported $170M of Nuveen Floating Rate Income Fund stock for Q4 2016, down 14% quarter-over-quarter.
- 10 funds opened new Nuveen Floating Rate Income Fund positions in Q4 2016 and 6 closed out, a net change of +4 holders.
- The largest Nuveen Floating Rate Income Fund buyer in Q4 2016 was JP Morgan Chase, an estimated $13.1M added.
- The largest Nuveen Floating Rate Income Fund seller in Q4 2016 was Baillie Gifford & Co, an estimated $25.9M sold.
Based on aggregated 13F filings for Q4 2016.