Nuveen Floating Rate Income Fund
102 hedge funds and large institutions have $188M invested in Nuveen Floating Rate Income Fund in 2021 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 38 increasing their positions, 27 reducing their positions, and 13 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 27
3% less funds holding
Funds holding: 105 → 102 (-3)
4.98% less ownership
Funds ownership: 37.74% → 32.76% (-5%)
13% less capital invested
Capital invested by funds: $215M → $188M (-$27.5M)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.48M |
| 2 |
Cohen & Steers
New York
|
+$3.77M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.91M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.67M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$24.7M |
| 2 |
LC
Lindbrook Capital
Calabasas,
California
|
-$13.1M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
-$4.68M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.71M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$1.39M |
JFR Hedge Fund Activity: Q3 2021 in Review
102 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Fund (JFR) for Q3 2021, worth a combined $188M — down 13% from $215M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of JFR and 11 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 38 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $8.48M. The largest seller was Saba Capital Management, cutting an estimated $24.7M.
- 102 institutional investors held Nuveen Floating Rate Income Fund (JFR) as of Q3 2021, down from 105 in Q2 2021.
- Funds reported $188M of Nuveen Floating Rate Income Fund stock for Q3 2021, down 13% quarter-over-quarter.
- 11 funds opened new Nuveen Floating Rate Income Fund positions in Q3 2021 and 13 closed out, a net change of -2 holders.
- The largest Nuveen Floating Rate Income Fund buyer in Q3 2021 was Rivernorth Capital Management, an estimated $8.48M added.
- The largest Nuveen Floating Rate Income Fund seller in Q3 2021 was Saba Capital Management, an estimated $24.7M sold.
Based on aggregated 13F filings for Q3 2021.