Nuveen Floating Rate Income Fund
95 hedge funds and large institutions have $171M invested in Nuveen Floating Rate Income Fund in 2020 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 22 increasing their positions, 31 reducing their positions, and 29 closing their positions.
3.04% more ownership
Funds ownership: 36.74% → 39.78% (+3%)
12% less funds holding
Funds holding: 108 → 95 (-13)
20% less capital invested
Capital invested by funds: $214M → $171M (-$43.3M)
29% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 31
34% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 29
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$26M |
| 2 |
LC
Lindbrook Capital
Calabasas,
California
|
+$9.18M |
| 3 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$5.38M |
| 4 |
LPL Financial
San Diego,
California
|
+$4.3M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$11.1M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$6.08M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$3.73M |
| 4 |
Millennium Management
New York
|
-$3.43M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$2.12M |
JFR Hedge Fund Activity: Q1 2020 in Review
95 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Fund (JFR) for Q1 2020, worth a combined $171M — down 20% from $214M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of JFR and 19 opened new positions — a net loss of 10 holders — while 31 trimmed existing stakes and 22 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $26M. The largest seller was UBS Group, cutting an estimated $11.1M.
- 95 institutional investors held Nuveen Floating Rate Income Fund (JFR) as of Q1 2020, down from 108 in Q4 2019.
- Funds reported $171M of Nuveen Floating Rate Income Fund stock for Q1 2020, down 20% quarter-over-quarter.
- 19 funds opened new Nuveen Floating Rate Income Fund positions in Q1 2020 and 29 closed out, a net change of -10 holders.
- The largest Nuveen Floating Rate Income Fund buyer in Q1 2020 was Saba Capital Management, an estimated $26M added.
- The largest Nuveen Floating Rate Income Fund seller in Q1 2020 was UBS Group, an estimated $11.1M sold.
Based on aggregated 13F filings for Q1 2020.