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Nuveen Floating Rate Income Fund

101 hedge funds and large institutions have $158M invested in Nuveen Floating Rate Income Fund in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 26 increasing their positions, 33 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 17

6% more funds holding

Funds holding: 95101 (+6)

4.3% more ownership

Funds ownership: 25.67%29.96% (+4.3%)

4% more capital invested

Capital invested by funds: $152M → $158M (+$5.78M)

21% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 33

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
101
Holders Change
+6
Holders Change %
+6.32%
% of All Funds
2.25%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
24
Increased
26
Reduced
33
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$15.8M -$2.16M -219,856 -11%
JP Morgan Chase
2
JP Morgan Chase
New York
$14.5M
Wells Fargo
3
Wells Fargo
California
$11.7M +$9.93M +1,010,393 +393%
RCM
4
Rivernorth Capital Management
Florida
$10.8M +$11.4M +1,159,810 New
UBS Group
5
UBS Group
Switzerland
$9.58M +$1.15M +117,051 +13%
Morgan Stanley
6
Morgan Stanley
New York
$9.44M -$1.28M -129,871 -11%
ISSM
7
Invesco Senior Secured Management
New York
$7.56M
Invesco
8
Invesco
Georgia
$7.48M +$221K +22,427 +3%
Goldman Sachs
9
Goldman Sachs
New York
$6.26M +$6.67M +678,458 New
GC
10
Guggenheim Capital
Illinois
$5.42M +$551K +56,083 +11%
SIA
11
Sit Investment Associates
Minnesota
$5.15M -$692K -70,364 -11%
CIA
12
Capital Investment Advisors
Georgia
$4.78M +$344K +34,949 +7%
RCA
13
Restructuring Capital Associates
Connecticut
$4.54M -$83.1K -8,452 -2%
Janney Montgomery Scott
14
Janney Montgomery Scott
Pennsylvania
$4.3M -$119K -12,056 -3%
EVM
15
Eaton Vance Management
Massachusetts
$3.61M
AAM
16
Advisors Asset Management
Colorado
$3M +$20.5K +2,082 +0.6%
Ameriprise
17
Ameriprise
Minnesota
$1.91M +$117K +11,873 +6%
HFS
18
HL Financial Services
Kentucky
$1.63M -$530K -53,898 -23%
WAM
19
Wolverine Asset Management
Illinois
$1.4M -$90.2K -9,176 -6%
RJFSA
20
Raymond James Financial Services Advisors
Florida
$1.34M +$601K +61,160 +73%
SCM
21
Saba Capital Management
New York
$1.33M +$1.41M +143,887 New
Baird Financial Group
22
Baird Financial Group
Wisconsin
$1.29M +$255K +25,900 +23%
PAG
23
Private Advisor Group
New Jersey
$1.2M -$104K -10,584 -8%
Millennium Management
24
Millennium Management
New York
$927K +$987K +100,413 New
FWIA
25
Fort Washington Investment Advisors
Ohio
$921K -$52.1K -5,300 -5%

JFR Hedge Fund Activity: Q4 2018 in Review

101 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Fund (JFR) for Q4 2018, worth a combined $158M — up 3.8% from $152M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new JFR positions and 17 closed out — a net gain of 7 holders — while 26 added to existing stakes and 33 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $11.4M. The largest seller was Nine Masts Capital, exiting entirely with an estimated $3.16M sold.

  • 101 institutional investors held Nuveen Floating Rate Income Fund (JFR) as of Q4 2018, up from 95 in Q3 2018.
  • Funds reported $158M of Nuveen Floating Rate Income Fund stock for Q4 2018, up 3.8% quarter-over-quarter.
  • 24 funds opened new Nuveen Floating Rate Income Fund positions in Q4 2018 and 17 closed out, a net change of +7 holders.
  • The largest Nuveen Floating Rate Income Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $11.4M added.
  • The largest Nuveen Floating Rate Income Fund seller in Q4 2018 was Nine Masts Capital, an estimated $3.16M sold.

Based on aggregated 13F filings for Q4 2018.